Global law firm Shearman & Sterling has bolstered its global financial regulatory practice with the addition of Timothy Byrne, who rejoins the firm as counsel in the firm’s New York office.

Mr. Byrne comes to the firm from Cleary Gottlieb, where his practice focused on US banking regulation. He has represented both US and non-US financial institutions on the bank regulatory aspects of a wide range of financial products and corporate transactions. Earlier in his career, Mr. Byrne worked as a staff attorney with the Federal Reserve Board in Washington, DC and as Senior Counsel with Merrill Lynch & Co., Inc. responsible for US bank regulatory matters. Acknowledged by Legal 500 and Chambers USA in financial services, he was also a Shearman & Sterling associate from 1995-1997.

“Tim is extremely well known in US and global banking circles and is highly regarded by his clients,” said Barnabas Reynolds, a Shearman & Sterling partner in London and head of the firm’s global financial regulatory practice. “With the combination of continued regulatory focus by US and global agencies and our growing suite of software-based products, including the Volcker Assistant, Tim’s arrival is integral to our continued client service in this important area.”

Shearman & Sterling’s Financial Institutions Advisory & Financial Regulatory Group provides a full global service to banks, investment firms, brokers, insurance and reinsurance companies, exchanges, SEFs/MTFs, clearing and settlement providers, fund firms, payment service providers and corporations on the laws and regulations of the world’s key financial and commercial centers. The firm’s lawyers advise all types of market participants on business structure, day-to-day regulatory/compliance issues and regulatory relationships. Capitalizing on the firm’s regulatory knowledge and insight, Shearman & Sterling provides innovative solutions on a cross-border and local basis and assist clients in cultivating their relationships with regulators.