They will advise US and international banks, financial institutions and fintech companies
Skadden has announced the addition of Adam Cohen and Mark Chorazak as partners and co-heads of the financial institutions regulatory group in the firm’s Washington, D.C. and New York offices, respectively.
Cohen and Chorazak will advise U.S. and international banks, nonbank financial institutions, and fintech companies on a range of regulatory matters, legislative developments, corporate governance, enforcement and compliance issues, and banking-as-a-service arrangements. They will also counsel clients on mergers and acquisitions, strategic investments, equity and debt offerings, and other transactions.
“We are thrilled Adam and Mark have joined us,” said Jeremy London, Skadden’s executive partner. “They share a cutting-edge vision for our financial institutions regulatory practice that reflects their substantial experience and deep knowledge of the financial services space. Their leadership will ensure that our financial institutions clients are well positioned to respond to the evolving regulatory landscape and global economy.”
Adam Cohen previously served as the general counsel of SoFi Bank, where he played a key role in the company’s transition from a fintech company to a federally regulated banking organization. He was also a partner at another global law firm, providing regulatory advice on numerous large and complex mergers and acquisitions.
Furthermore, Cohen has held several positions in the federal government, including at the Federal Reserve Board, where he contributed to regulations governing private equity investments in banking organizations.
Mark Chorazak has led the U.S. bank regulatory practice at another global law firm and co-chaired its fintech initiative. He advises international and domestic banks and nonbank financial institutions on a wide range of transactional, regulatory, and governance matters.
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Recognized by Chambers and Business Insider as one of the top financial services and fintech lawyers in the U.S., Chorazak has been involved in some of the largest bank mergers and fintech transactions of the past decade. He regularly counsels clients before the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and state banking regulators.
“Adam and Mark will meaningfully enhance our capabilities in an increasingly complex financial institutions regulatory space,” said Jessica Hough, global head of Skadden’s regulatory practices. “Guiding financial institutions to successful outcomes often hinges on the ability to navigate the financial regulatory regime with a sophisticated understanding of how international, federal and state rules historically have been applied and where changes are anticipated.”
Jeffrey Brill, co-head of Skadden’s Financial Institutions Group and global fintech practice, added, "Adam’s and Mark’s perspectives and skills perfectly complement the support we deliver to our clients as financial technology continues to develop and new challenges arise.”
In addition to Cohen and Chorazak, Skadden recently announced that Sebastian Barling will join the firm’s financial institutions regulatory group as a partner in London. Barling focuses on U.K. and EU financial regulatory advice and has extensive experience counseling financial institutions on complex regulatory changes. These additions are expected to enhance Skadden’s ability to provide integrated regulatory guidance with a transatlantic perspective to its global clients.
