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David Wainer



Wainer David
David Wainer



David has considerable experience advising banks, funds, insurance companies and other financial institutions on a wide variety of derivatives and structured finance transactions, including synthetic securitizations and other risk transfer trades, funding platforms, total return swaps, hedging structures, bespoke credit and other fixed income products, repackaging (especially of illiquid loans), and other innovative structured transactions. He also has considerable experience working with governments, sovereigns and central banks on a range of derivatives documentation and regulatory projects.

Since the global financial crisis, a large part of David’s work has been focused on helping banks manage exposures to a range of underlying assets, many illiquid, either through portfolio disposals or synthetically.

David spent 16 years heading up the Firm’s capital markets practices in New York and Tokyo, during which time he was involved in many high-profile industry initiatives, before returning to London in 2010. He is qualified in both England and New York.

News & insights

Triangular pattern

Publications: 25 JANUARY 2021

The new EU STS framework for on-balance sheet (synthetic) securitisations

On 16 December 2020, the Council of the European Union published final compromise proposals for a package of measures dubbed the “Capital Markets Recovery Package”, these were adopted by the European…

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Zoomed image of a modern steel structure

Publications: 10 DECEMBER 2020

Insights into the European Banking Authority's Significant Risk Transfer report: A clear picture emerges

The EBA’s long-awaited Report on Significant Risk Transfer (SRT) was published on 23 November. The Report builds on the EBA’s 2017 SRT Discussion Paper and subsequent consultation with market…

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A glass and metal architectural feature up close

Publications: 19 AUGUST 2020

A step closer to an EU STS framework for balance sheet synthetic securitisations – European Commission legislative proposals published

At the end of July 2020, the European Commission published legislative proposals for a package of measures dubbed the “Capital Markets Recovery Package”. The proposals are aimed at supporting recovery…

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Publications: 10 JUNE 2020

Towards an EU STS framework for balance sheet synthetic securitisations – EBA final report published

The European Banking Authority (EBA) is mandated, under Article 45 of the EU Securitisation Regulation (the Securitisation Regulation)[1], to produce a report (the Report) on the feasibility of a…

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Allen & Overy LLP
One Bishops Square
E1 6AD

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Admitted as solicitor, England and Wales, 1993

Admitted to the bar, State of New York, USA, 1999

Admitted as a Solicitor, Republic of Ireland, 2019


LLB (Hons), London School of Economics and Political Science, 1990

The College Of Law, London, 1991

Published work

  • The Challenges of Working with Derivatives in Latin America, Derivatives Use, Trading & Regulation, 2000.