Matthew is a partner in the Derivatives and Structured Products group. Matthew’s practice encompasses a broad array of transactional, regulatory and advisory matters in connection with structured and derivative products across the asset classes (including credit, equity, commodity, rates and FX) and funding wrappers (including OTC, cleared and exchange traded derivatives, bonds, loans and funds).
He advises on derivative regulatory matters arising from the plethora of global regulations focused on the derivative markets and also advises on disputes regarding derivatives. He primarily advises major investment banks, but also has experience in advising funds, corporates and governmental bodies. Matthew is a member of the firm’s LIBOR steering group, focused on guiding clients through the IBOR transition and remediation process.
- Recent Work
- advising various global and regional financial institutions on documenting new collateral arrangements with counterparties pursuant to the implementation across certain G20 nations of un-harmonised rules requiring the margining of uncleared derivatives positions
- representing a panel of global investment banks in relation to the creation of the CDX certificate programme, requiring a complex and dynamic re-balancing of credit index exposure for each investment bank upon issuance. The auction methodology drafted for the programme was used as a basis for what became the industry standard auction methodology for the settlement of credit default swaps
- drafting and assisting with the structuring of a product to monetise the positive mark to market value of an FX swap portfolio held by a Japanese investment bank
- representing a US investment bank in relation to a collared financing transaction over the shares of a Singapore listed entity
- advising a European investment bank in relation to contingent FX swaps entered into in respect of a variety of underlying M&A transactions
- representing an Asian investment bank, as lender and swap counterparty, on a structured oil futures arbitrage transaction involving a loan facility, security package, cash settled commodities derivatives transactions and profit sharing arrangements with independent oil suppliers
- advising a US based investment bank in a dispute arising from the close out of certain FX currency option transactions and associated guarantees with an Indian counterparty following a payment event of default
- representing ISDA on the development of template forms for CDS for use in the Indian market (and compliant with Indian regulatory requirements) and on the Credit Support Annex for use with Korean collateral.
Matthew qualified as a solicitor in England & Wales in 2000 and in Hong Kong in 2008. He worked at another leading international law firm for nearly 20 years, 10 of which as a partner, prior to relocating back to the UK and joining Simmons & Simmons. He spent over ten years in Hong Kong and Singapore and has also spent time working in London, Tokyo and New York.
Matthew has been recognised as a leading individual in Chambers & Partners, Legal 500, Asia Pacific and IFLR1000. He was most recently ranked in Band 1 by Chambers & Partners 2017, with client quotes of “displaying huge depth of experience” and being “commercial, sensible and able to handle complex deals”. Matthew was the winner of the 2015 and 2016 Client Choice Award for derivatives (Hong Kong and Singapore) and the AI Legal Best in Capital Markets award for Singapore in 2016.