Hugh Conroy

Hugh C. Conroy’s practice focuses on bank and bank holding company regulatory issues, and he provides advice to both U.S. and non-U.S. financial institutions on a range of related issues. Hugh joined the firm as counsel in 2011 and became partner in 2018.

He currently devotes a significant portion of his practice to advice and advocacy regarding the Dodd-Frank Act and rules promulgated thereunder, including those related to capital, liquidity, the Volcker Rule, and banking regulation of derivatives and securities financing transactions.

His practice more generally encompasses bank and bank holding company regulatory issues arising out of complex structured finance transactions; derivative and structured derivative products; securities and commodities trading; new products and activities; mergers and acquisitions; private equity investments; and internal corporate reorganizations.

From 2004 to 2011, Hugh served as associate general counsel, becoming a managing director in Citigroup’s Bank Regulatory Office in 2010. He was responsible primarily for U.S. bank and bank holding company regulatory advice to Citigroup’s global corporate and investment bank (particularly its sales and trading desks), and provided advice globally to Citigroup’s widespread operations. Prior to joining Citigroup, he was an associate at another major law firm from 1996 to 2004.

EXPERIENCE:

• Numerous U.S. and non-U.S. banking organizations on implementation of, and compliance with, the Volcker Rule.
• Regular outside counsel to American Bankers Association Securities Association (ABASA) on matters related to regulatory reform initiatives.
• The Institute of International Bankers with respect to their advocacy before government agencies on Dodd-Frank matters on behalf of international banks, including in connection with the Volcker Rule and the Federal Reserve’s enhanced prudential standards.
• Several U.S. and non-U.S. institutions in developing strategies for capital and liquidity compliance under U.S. Basel III rules, including representation of central counterparties in qualifying for favorable treatment under capital guidelines.

ACTIVITIES:

• Presents on bank regulatory issues and current events in the banking industry at conferences sponsored by the American Bankers Association, the American Bar Association, the Financial Markets Association, and the Securities Industry and Financial Markets Association, and has been a guest lecturer on bank regulatory matters at Columbia University School of Law and New York University School of Law.
• Vice-chairman, American Bar Association Banking Law Committee (2014 to 2017).
• Chairman of the Securities, Capital Markets and Derivatives Subcommittee, American Bar Association Banking Law Committee (2010 to 2013) and vice-chairman of the same subcommittee (2007 to 2010).
• Associate at an international law firm in New York, 1996 to 2004.

EDUCATION:

• Columbia Law School, J.D., 1996
• College of William and Mary, B.A., 1992

BAR ADMISSIONS:

• New York