Shearman & Sterling LLP has announced the appointment of partners Jennifer D. Morton and Mark Chorazak to lead its FinTech Foundry as part of its regular cycling of responsibility of firm initiatives. Jennifer and Mark succeed Donna Parisi, the firm’s Global Head of Financial Services and founder of Shearman’s FinTech Foundry, who will remain actively involved in the offering.
FinTech Foundry by Shearman supports the firm’s many FinTech-related activities and its global ecosystem which includes financial institutions, start-ups, accelerators and incubators, venture capital and private equity investors and policymakers. The new FinTech leadership team is focused on driving the program’s mission to support innovators, entrepreneurs and investors working to shape the financial services landscape.
Jennifer and Mark will lead firm efforts to develop partnerships with a wide range of stakeholders working in the Fintech space including venture capitalists, financial institutions, technology providers and regulators.
“This is a unique initiative that has made incredible progress since its launch in 2018,” said Donna Parisi. “We’re proud to have built a strong network of innovators and entrepreneurs, creating an environment where collaboration and creativity fuels innovation. The combined experience of both partners, including Jennifer’s experience in securities and broker-dealer regulations and Mark’s understanding of banking regulations, will allow the team to continue its work with financial institutions and investors around the world.”
Jennifer D. Morton is a partner in Shearman & Sterling’s Financial Institutions Advisory & Financial Regulatory group and leads the firm’s broker-dealer regulatory practice. She provides strategic advice to market participants, including, global financial service firms, trading platforms, and FinTechs on securities and broker-dealer regulation.
Mark Chorazak is a partner in Shearman & Sterling’s Financial Institutions Advisory & Financial Regulatory group. He offers strategic guidance to domestic and foreign banks, non-banks and FinTech companies on the full spectrum of banking law, from traditional bank regulatory issues to cutting-edge regulatory and legislative development regulatory issues.
“As the US regulatory environment for FinTechs and AI continues to evolve,” said Jennifer, “it’s a very interesting time to be in the space, advising financial institutions and FinTechs on how they can realize their business strategies while ensuring compliance with the law.” “The integration of artificial intelligence into existing systems and capabilities presents enormous opportunities for financial institutions and FinTechs,” said Mark.
Digital asset regulation, open banking and consolidation in FinTech have been prominent topics this year. Moving forward, the FinTech Foundry by Shearman will focus on the current regulatory environment and the increasing role of artificial intelligence (AI) in finance. Through a series of educational events and thought leadership pieces, key themes will include AI’s current impact and future trends, regulatory risks, and intellectual property challenges and disputes in the digital age.
For more information about FinTech Foundry by Shearman, please visit https://fintech.shearman.com/.