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Dechert continues global financial expansion with Edward “Jay” Southgate; Brings considerable experience in consumer lending and Fintech

By on March 9, 2022 0

NEW YORK, March 9, 2022 /PRNewswire/ — Dechert LLP is pleased to announce that Edward “Jay” Southgate has joined the global finance practice as an asset finance and securitization partner based in new York.

An experienced capital markets lawyer, Mr. Southgate represents financial institutions, issuers and underwriters in connection with private placements of residential mortgage loans and asset-backed securities, with particular emphasis on consumer loans and fintech. In addition, he advises financial institutions on the negotiation of purchase and feed service agreements with platform originators, and warehouse financing of a wide range of products, including debit cards credit and equipment receivables.

Mr. Southgate, who obtained a law degree from the University of Pennsylvania law school, both masters and undergraduate degrees from the University of Pennsylvania and an additional master’s degree from Colombia University, joins Dechert from a large international law firm. Previously, he worked in the investment management division of Goldman Sachs, focusing on alternative capital markets and regulatory compliance issues. He also spent time as a capital markets associate at new York and Tokyo offices of another large international company.

Laura SwihartCo-Chair of Dechert’s Global Finance and Real Estate Practice Groups, commented, “Jay is an accomplished lawyer and will be a fantastic addition to our firm. With significant experience in complex financings and securitizations across residential mortgage-backed securities and asset finance and securitization spaces, and a particular focus on consumer lending and fintech, the practice of Jay is both broad and deep. »

“I am very pleased to join Dechert’s collaborative global finance group during such an exciting period of expansion for the practice and the business more broadly,” said Mr. Southgate. “I look forward to contributing to the strategic growth of the business while continuing to provide exceptional advice to clients on their most innovative and complex financing and securitization transactions.”

Mr. Southgate further delves into the practice bench of global finance; its arrival follows recent additions of leveraged finance partners Alon Goldberger, Ani Raviand Soo-Ah Nah; structured credit and secured loan obligations (CLO) partner Jon Burke; and commercial real estate partners Kathleen Mylod and Craig Brown.

Dechert’s Asset Financing and Securitization team manages complex financings and securitizations involving a wide variety of asset classes, derivatives and other complex structures, representing issuers, underwriters, originators, asset managers and other market participants. Dechert regularly represents clients in the acquisition, management and financing of numerous asset classes, including automobile loans, unsecured consumer loans, credit card receivables, equipment leases, residential mortgages, service rights, student loans and trade receivables as well as more esoteric asset classes. Dechert was named 2020 Law360 “Structured Finance Practice Group of the Year.” The AFS group is also ranked as a leading firm by Chambers and partners United States, IFLR1000and The Legal 500 US.

Dechert’s global finance group provides a responsive, cross-disciplinary, multi-jurisdictional team to tackle the complexities of modern financial transactions across all categories and geographies. With over 170 lawyers in major financial centers around the world, our internationally recognized practice provides our clients with innovative deal structuring, creative financing strategies and efficient execution. Our clients receive comprehensive solutions for all their financial needs.

About Dechert

Dechert is a leading global law firm with 22 offices around the world. The firm intervenes in the most complex cases and operations, bringing energy, creativity and effective management of legal issues to deliver commercial and practical advice to clients.