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Sally Dewar to head new Allen & Overy Strategy Group

 

28 June 2018

Sally Dewar will join the firm to lead the Allen & Overy Strategy Group – A&O’s new regulatory consulting business. The new venture will initially focus on regulatory business advice which will be delivered as an integrated part of the regulatory legal services A&O already provides to its financial institution clients internationally. It is the first of its kind among the global elite law firms. 

Sally is currently managing director, head of international regulatory affairs, at JP Morgan in London and was until 2011 Managing Director, Risk, at the UK’s former financial regulator - the Financial Services Authority. She has led on a number of high profile, strategic regulatory issues and governance initiatives including the individual accountability regime and advocacy efforts around regulatory policy reform, making her an ideal fit for this new business. 
 
A&O has extensive experience and market-leading legal expertise in financial services regulation and this new business will enable the firm to meet client demand for broader high-quality bespoke business-focused advice. The Allen & Overy Strategy Group will complement the existing legal services and will broaden the firm’s role in managing clients’ regulatory risk and supporting control enhancement and remediation projects. 
 
In the short to medium term, the firm intends to grow the Allen & Overy Strategy Group rapidly into a significant international business which complements its existing services but also opens new opportunities, for example when it comes to developing legally-informed compliance solutions for clients.
 
Richard Cranfield, Allen & Overy partner and co-head of the Financial Institutions Group, commented: “The pace and scope of financial regulation continues to grow as regulators become ever more invasive. Our clients have asked for a broader advisory capability to complement our market-leading legal practice. Sally has a fantastic track record and reputation in the market; she is the ideal person to lead this exciting new venture.”
Richard continued: “We know that there is a gap in the market for advisors that have both in depth legal and technical insight but also the scope and scale to deliver tailored business outcomes. This is where the Allen & Overy Strategy Group offers something special to the market.”
 
A&O’s recent work in financial regulation includes advising: 
  • HSBC on the establishment of a new ring-fenced UK retail bank 

  • Multiple asset managers and banks on their Brexit contingency planning and implementation

  • A wide range of financial institutions - investment banks, asset managers, trading venues, custodians and insurers, on their implementation of MiFID II 

  • LCH, the UK clearing house, on a major new product development, Swap Agent, for the delivery of centralised infrastructure for its uncleared OTC derivatives business

The Allen & Overy Strategy Group will be a separate business, offering bespoke regulatory and business solutions and will not offer legal services. It will fall under the Allen & Overy LLP structure so will be regulated by the Solicitors Regulation Authority.
 
For further information, please contact Susanna Robinson, susanna.robinson@allenovery.com, on +44 (0)20 3088 3918
 

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