Linklaters’ US structured finance head defects to derivatives regulator

Linklaters’ US head of structured finance and derivatives Gary Barnett has left the firm for a new leadership role at the US Commodity Futures Trading Commission (CFTC).

Gary Barnett
Gary Barnett

Barnett will take up the newly created position next week and will head the organisation’s Division of Swap Dealer and Intermediary Oversight, a new subdivision responsible for regulating complex securities.

The CFTC is in the process of expanding its securities division and recently set up the subdivision with new powers granted by last year’s Dodd-Frank financial regulatory legislation.

Barnett has spent the past seven years at Linklaters since joining from US firm Shearman & Sterling in 2004. The New York-based lawyer has also previously been a partner at O’Melveny & Myers and Calawalader Wickersham and Taft.

A spokesman at Linklaters said the magic circle firm was yet to announce a replacement for Barnett, adding: “We thank Gary for his contribution to the firm and we wish him all the best in his future career.”

In his previous roles Barnett has developed significant experience representing clients in OTC derivatives transactions and has been involved in the development and implementation of clearing systems. He has also advised clients on the implementation of Dodd-Frank and other regulatory reforms affecting the derivatives and securitisation markets.

He also has experience representing clients in domestic and international securitisations of various asset types, structured notes programmes and structured receivables financings.