Cravath’s New York Office Moves to Two Manhattan West
Jeffrey T.
Dinwoodie
Partner, Corporate
Jeffrey T. Dinwoodie is a member of the Financial Institutions Group (FIG) Practice. Mr. Dinwoodie previously served as Chief Counsel to the Chairman of the Securities and Exchange Commission (SEC) and as Head of the Office of Financial Institutions at the U.S. Department of the Treasury.
Mr. Dinwoodie’s practice focuses on advising clients across the financial services sector on a broad range of regulatory, transactional and enforcement matters. He also regularly advises leading trade organizations on policy and advocacy initiatives. Mr. Dinwoodie’s work spans both traditional finance and innovation-related and cryptoasset issues.
Mr. Dinwoodie joined Cravath in 2023 from JPMorgan Chase & Co., where he was a member of the Corporate and Investment Bank’s Legal Department. He advised the firm’s Markets and Investment Banking businesses and lawyers on a broad range of issues. This included advice on traditional transactions and products, as well as the use of emerging technologies and products (e.g., blockchain and cryptoassets). He also regularly advised senior firm leaders on regulatory strategy and engagement.
From 2017 to 2021, Mr. Dinwoodie held senior positions at the SEC and the Treasury Department. At the SEC, he served as the Chairman’s Chief Counsel and, earlier, as the Chairman’s Trading and Markets Counsel. Mr. Dinwoodie led and advised on a wide array of regulatory, examination and enforcement matters during a period of significant agency activity. He also managed and coordinated the SEC’s efforts to prepare for and respond to emerging market risks, working closely with leadership and staff at the U.S. banking regulators, the Commodity Futures Trading Commission (CFTC) and the Treasury Department. Mr. Dinwoodie was the SEC’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and the President’s Working Group on Financial Markets. He was also a member of the SEC’s COVID‑19 Market Monitoring Group, a senior-level group that managed the agency’s response to COVID‑19.
At the Treasury Department, Mr. Dinwoodie served as the Principal Deputy Assistant Secretary for Financial Institutions. As the leader of Treasury’s Office of Financial Institutions, he managed offices focused on regulatory and policy issues in the areas of banking, insurance, fintech/digital assets and community and economic development. Mr. Dinwoodie was deeply engaged in Treasury’s efforts to respond to the economic effects of COVID-19, including leading the Treasury team operationalizing the $9 billion Emergency Capital Investment Program. He received Treasury’s Distinguished Service Award.
From 2011 to 2017, Mr. Dinwoodie was an associate in the financial institutions group at another law firm, representing clients on securities and derivatives matters before the SEC, FINRA and the CFTC.
Mr. Dinwoodie began his legal career in 2008 as an attorney in the SEC’s Division of Trading and Markets. He was engaged in the day-to-day work of the Division, including rulemaking and advising on, negotiating and preparing responses to market participants’ no action, exemptive and interpretive requests. Mr. Dinwoodie also served as a core member of the agency’s Dodd-Frank Implementation Team, focusing on the Title VII derivatives regime. He received the SEC’s Law and Policy Award for his contributions to implementing Dodd-Frank.
Throughout his career, Mr. Dinwoodie has been a frequent speaker and writer on financial regulation issues. He has spoken at events organized by the American Bar Association, the Practicing Law Institute, the Milken Institute and the Financial Markets Association, among others. Mr. Dinwoodie’s writing has appeared in various law reviews, as well as in compliance and investment industry publications such as GlobalCapital, Compliance Reporter and Traders.
Mr. Dinwoodie was born on Langley Air Force Base in Hampton, Virginia. He received a B.S. from George Mason University in 2005, where he was a pitcher on the University’s Division I baseball team, and a J.D. magna cum laude from American University Washington College of Law in 2008.
Mr. Dinwoodie joined Cravath in 2023 from JPMorgan Chase & Co., where he was a member of the Corporate and Investment Bank’s Legal Department. He advised the firm’s Markets and Investment Banking businesses and lawyers on a broad range of issues. This included advice on traditional transactions and products, as well as the use of emerging technologies and products (e.g., blockchain and cryptoassets). He also regularly advised senior firm leaders on regulatory strategy and engagement.
From 2017 to 2021, Mr. Dinwoodie held senior positions at the SEC and the Treasury Department. At the SEC, he served as the Chairman’s Chief Counsel and, earlier, as the Chairman’s Trading and Markets Counsel. Mr. Dinwoodie led and advised on a wide array of regulatory, examination and enforcement matters during a period of significant agency activity. He also managed and coordinated the SEC’s efforts to prepare for and respond to emerging market risks, working closely with leadership and staff at the U.S. banking regulators, the Commodity Futures Trading Commission (CFTC) and the Treasury Department. Mr. Dinwoodie was the SEC’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and the President’s Working Group on Financial Markets. He was also a member of the SEC’s COVID‑19 Market Monitoring Group, a senior-level group that managed the agency’s response to COVID‑19.
At the Treasury Department, Mr. Dinwoodie served as the Principal Deputy Assistant Secretary for Financial Institutions. As the leader of Treasury’s Office of Financial Institutions, he managed offices focused on regulatory and policy issues in the areas of banking, insurance, fintech/digital assets and community and economic development. Mr. Dinwoodie was deeply engaged in Treasury’s efforts to respond to the economic effects of COVID-19, including leading the Treasury team operationalizing the $9 billion Emergency Capital Investment Program. He received Treasury’s Distinguished Service Award.
From 2011 to 2017, Mr. Dinwoodie was an associate in the financial institutions group at another law firm, representing clients on securities and derivatives matters before the SEC, FINRA and the CFTC.
Mr. Dinwoodie began his legal career in 2008 as an attorney in the SEC’s Division of Trading and Markets. He was engaged in the day-to-day work of the Division, including rulemaking and advising on, negotiating and preparing responses to market participants’ no action, exemptive and interpretive requests. Mr. Dinwoodie also served as a core member of the agency’s Dodd-Frank Implementation Team, focusing on the Title VII derivatives regime. He received the SEC’s Law and Policy Award for his contributions to implementing Dodd-Frank.
Throughout his career, Mr. Dinwoodie has been a frequent speaker and writer on financial regulation issues. He has spoken at events organized by the American Bar Association, the Practicing Law Institute, the Milken Institute and the Financial Markets Association, among others. Mr. Dinwoodie’s writing has appeared in various law reviews, as well as in compliance and investment industry publications such as GlobalCapital, Compliance Reporter and Traders.
Mr. Dinwoodie was born on Langley Air Force Base in Hampton, Virginia. He received a B.S. from George Mason University in 2005, where he was a pitcher on the University’s Division I baseball team, and a J.D. magna cum laude from American University Washington College of Law in 2008.
Education
-
J.D., 2008, American University Washington College of Lawmagna cum laude
-
B.S., 2005, George Mason University
Admitted In
- New York
- District of Columbia
Rankings
The Legal 500 US
- Financial Services Regulation (2024)
Deals & Cases
October 25, 2024
L&G’s Investment in Taurus Investment Holdings
On October 25, 2024, Legal & General (“L&G”), one of the U.K.’s leading financial services groups and a major global investor, announced its strategic investment in Taurus Investment Holdings, LLC (“Taurus”), a Boston‑based, global real estate private equity firm, alongside an initial commitment of up to $200 million in seed capital to multifamily real estate. Cravath is representing L&G in connection with the transaction.
Deals & Cases
September 26, 2024
Citi’s $25 Billion Private Credit, Direct Lending Program with Apollo
On September 26, 2024, Citigroup Inc. (“Citi”) and Apollo announced they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo’s strategic partner as well as Apollo’s subsidiary, Athene, both of which will have the opportunity to join commitments appropriate for their respective mandates. The firms anticipate the program will finance approximately $25 billion of debt opportunities over the next several years, encompassing both corporate and financial sponsor transactions, and maintain the flexibility to significantly expand the size of the program beyond the initial $25 billion. Cravath is representing Citi in connection with the agreement.
Deals & Cases
June 04, 2024
LPL Holdings, Inc.’s $1 Billion Registered Senior Notes Offering
Cravath represented the underwriters in connection with the $1 billion registered senior notes offering of LPL Holdings, Inc., a holding company which, through its securities brokerage, offers investment advisory services and insurance brokerage services. The transaction closed on May 20, 2024.
Deals & Cases
July 05, 2023
Brookfield Reinsurance’s $4.3 Billion Acquisition of AEL
On July 5, 2023, Brookfield Reinsurance, which operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions, and American Equity Investment Life Holding Company (“AEL”) announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. Cravath is representing Brookfield Reinsurance in connection with the transaction.
Activities
October 23, 2024
Jeff Dinwoodie Speaks at Washington Association of Money Managers Event on Financial Regulation
On October 22, 2024, Cravath partner Jeff Dinwoodie spoke at an event in Washington, D.C. hosted by the Washington Association of Money Managers. Jeff participated in a panel discussion entitled, “Finance and Politics: New Insights for 2024 and Beyond.”
Activities
March 18, 2024
Cravath Hosts 2024 Web3 Regulatory Forum
On March 14, 2024, Cravath hosted its 2024 Web3 Regulatory Forum at its offices in New York. The event brought together lawyers from the Firm, market participants, executives, investors and others for presentations by practitioners, current and former regulators, and interactive roundtables examining the most significant regulatory developments in the digital assets and Web3 space.
Publications
March 12, 2024
Jeff Dinwoodie Publishes Essay in Yale Journal on Regulation Blog About Crypto Regulation
On March 12, 2024, Cravath partner Jeffrey T. Dinwoodie published a short essay in the Yale Journal on Regulation’s Notice & Comment blog entitled “A Way Forward for the SEC and Crypto: The SEC’s History of Tailoring Regulatory Frameworks for Nontraditional Securities.” It discusses the SEC’s history of tailoring the securities regulatory framework to the structural features, uses and risks of nontraditional securities—e.g., asset-backed securities, options and security-based swaps. The essay argues that “investors and the market generally would benefit if the SEC would begin the necessary—and inevitable—work of systematically evaluating and developing a regulatory regime for cryptoasset securities.”
Activities
February 13, 2024
Jeff Dinwoodie Featured on “Law of Code” Podcast
Cravath partner Jeffrey T. Dinwoodie was interviewed on the February 11, 2024 episode of the “Law of Code” podcast. In the interview, Jeff discussed his experience working at the U.S. Securities and Exchange Commission and his views on regulatory topics involving blockchains, cryptoassets and other emerging technologies.
Publications
February 07, 2024
Potential FSOC Scrutiny of “Big Tech” Firms
On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”
Jeffrey T. Dinwoodie is a member of the Financial Institutions Group (FIG) Practice. Mr. Dinwoodie previously served as Chief Counsel to the Chairman of the Securities and Exchange Commission (SEC) and as Head of the Office of Financial Institutions at the U.S. Department of the Treasury.
Mr. Dinwoodie’s practice focuses on advising clients across the financial services sector on a broad range of regulatory, transactional and enforcement matters. He also regularly advises leading trade organizations on policy and advocacy initiatives. Mr. Dinwoodie’s work spans both traditional finance and innovation-related and cryptoasset issues.
Mr. Dinwoodie joined Cravath in 2023 from JPMorgan Chase & Co., where he was a member of the Corporate and Investment Bank’s Legal Department. He advised the firm’s Markets and Investment Banking businesses and lawyers on a broad range of issues. This included advice on traditional transactions and products, as well as the use of emerging technologies and products (e.g., blockchain and cryptoassets). He also regularly advised senior firm leaders on regulatory strategy and engagement.
From 2017 to 2021, Mr. Dinwoodie held senior positions at the SEC and the Treasury Department. At the SEC, he served as the Chairman’s Chief Counsel and, earlier, as the Chairman’s Trading and Markets Counsel. Mr. Dinwoodie led and advised on a wide array of regulatory, examination and enforcement matters during a period of significant agency activity. He also managed and coordinated the SEC’s efforts to prepare for and respond to emerging market risks, working closely with leadership and staff at the U.S. banking regulators, the Commodity Futures Trading Commission (CFTC) and the Treasury Department. Mr. Dinwoodie was the SEC’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and the President’s Working Group on Financial Markets. He was also a member of the SEC’s COVID‑19 Market Monitoring Group, a senior-level group that managed the agency’s response to COVID‑19.
At the Treasury Department, Mr. Dinwoodie served as the Principal Deputy Assistant Secretary for Financial Institutions. As the leader of Treasury’s Office of Financial Institutions, he managed offices focused on regulatory and policy issues in the areas of banking, insurance, fintech/digital assets and community and economic development. Mr. Dinwoodie was deeply engaged in Treasury’s efforts to respond to the economic effects of COVID-19, including leading the Treasury team operationalizing the $9 billion Emergency Capital Investment Program. He received Treasury’s Distinguished Service Award.
From 2011 to 2017, Mr. Dinwoodie was an associate in the financial institutions group at another law firm, representing clients on securities and derivatives matters before the SEC, FINRA and the CFTC.
Mr. Dinwoodie began his legal career in 2008 as an attorney in the SEC’s Division of Trading and Markets. He was engaged in the day-to-day work of the Division, including rulemaking and advising on, negotiating and preparing responses to market participants’ no action, exemptive and interpretive requests. Mr. Dinwoodie also served as a core member of the agency’s Dodd-Frank Implementation Team, focusing on the Title VII derivatives regime. He received the SEC’s Law and Policy Award for his contributions to implementing Dodd-Frank.
Throughout his career, Mr. Dinwoodie has been a frequent speaker and writer on financial regulation issues. He has spoken at events organized by the American Bar Association, the Practicing Law Institute, the Milken Institute and the Financial Markets Association, among others. Mr. Dinwoodie’s writing has appeared in various law reviews, as well as in compliance and investment industry publications such as GlobalCapital, Compliance Reporter and Traders.
Mr. Dinwoodie was born on Langley Air Force Base in Hampton, Virginia. He received a B.S. from George Mason University in 2005, where he was a pitcher on the University’s Division I baseball team, and a J.D. magna cum laude from American University Washington College of Law in 2008.
Mr. Dinwoodie joined Cravath in 2023 from JPMorgan Chase & Co., where he was a member of the Corporate and Investment Bank’s Legal Department. He advised the firm’s Markets and Investment Banking businesses and lawyers on a broad range of issues. This included advice on traditional transactions and products, as well as the use of emerging technologies and products (e.g., blockchain and cryptoassets). He also regularly advised senior firm leaders on regulatory strategy and engagement.
From 2017 to 2021, Mr. Dinwoodie held senior positions at the SEC and the Treasury Department. At the SEC, he served as the Chairman’s Chief Counsel and, earlier, as the Chairman’s Trading and Markets Counsel. Mr. Dinwoodie led and advised on a wide array of regulatory, examination and enforcement matters during a period of significant agency activity. He also managed and coordinated the SEC’s efforts to prepare for and respond to emerging market risks, working closely with leadership and staff at the U.S. banking regulators, the Commodity Futures Trading Commission (CFTC) and the Treasury Department. Mr. Dinwoodie was the SEC’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and the President’s Working Group on Financial Markets. He was also a member of the SEC’s COVID‑19 Market Monitoring Group, a senior-level group that managed the agency’s response to COVID‑19.
At the Treasury Department, Mr. Dinwoodie served as the Principal Deputy Assistant Secretary for Financial Institutions. As the leader of Treasury’s Office of Financial Institutions, he managed offices focused on regulatory and policy issues in the areas of banking, insurance, fintech/digital assets and community and economic development. Mr. Dinwoodie was deeply engaged in Treasury’s efforts to respond to the economic effects of COVID-19, including leading the Treasury team operationalizing the $9 billion Emergency Capital Investment Program. He received Treasury’s Distinguished Service Award.
From 2011 to 2017, Mr. Dinwoodie was an associate in the financial institutions group at another law firm, representing clients on securities and derivatives matters before the SEC, FINRA and the CFTC.
Mr. Dinwoodie began his legal career in 2008 as an attorney in the SEC’s Division of Trading and Markets. He was engaged in the day-to-day work of the Division, including rulemaking and advising on, negotiating and preparing responses to market participants’ no action, exemptive and interpretive requests. Mr. Dinwoodie also served as a core member of the agency’s Dodd-Frank Implementation Team, focusing on the Title VII derivatives regime. He received the SEC’s Law and Policy Award for his contributions to implementing Dodd-Frank.
Throughout his career, Mr. Dinwoodie has been a frequent speaker and writer on financial regulation issues. He has spoken at events organized by the American Bar Association, the Practicing Law Institute, the Milken Institute and the Financial Markets Association, among others. Mr. Dinwoodie’s writing has appeared in various law reviews, as well as in compliance and investment industry publications such as GlobalCapital, Compliance Reporter and Traders.
Mr. Dinwoodie was born on Langley Air Force Base in Hampton, Virginia. He received a B.S. from George Mason University in 2005, where he was a pitcher on the University’s Division I baseball team, and a J.D. magna cum laude from American University Washington College of Law in 2008.
Education
-
J.D., 2008, American University Washington College of Lawmagna cum laude
-
B.S., 2005, George Mason University
Admitted In
- New York
- District of Columbia
Rankings
The Legal 500 US
- Financial Services Regulation (2024)
Deals & Cases
October 25, 2024
L&G’s Investment in Taurus Investment Holdings
On October 25, 2024, Legal & General (“L&G”), one of the U.K.’s leading financial services groups and a major global investor, announced its strategic investment in Taurus Investment Holdings, LLC (“Taurus”), a Boston‑based, global real estate private equity firm, alongside an initial commitment of up to $200 million in seed capital to multifamily real estate. Cravath is representing L&G in connection with the transaction.
Deals & Cases
September 26, 2024
Citi’s $25 Billion Private Credit, Direct Lending Program with Apollo
On September 26, 2024, Citigroup Inc. (“Citi”) and Apollo announced they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo’s strategic partner as well as Apollo’s subsidiary, Athene, both of which will have the opportunity to join commitments appropriate for their respective mandates. The firms anticipate the program will finance approximately $25 billion of debt opportunities over the next several years, encompassing both corporate and financial sponsor transactions, and maintain the flexibility to significantly expand the size of the program beyond the initial $25 billion. Cravath is representing Citi in connection with the agreement.
Deals & Cases
June 04, 2024
LPL Holdings, Inc.’s $1 Billion Registered Senior Notes Offering
Cravath represented the underwriters in connection with the $1 billion registered senior notes offering of LPL Holdings, Inc., a holding company which, through its securities brokerage, offers investment advisory services and insurance brokerage services. The transaction closed on May 20, 2024.
Deals & Cases
July 05, 2023
Brookfield Reinsurance’s $4.3 Billion Acquisition of AEL
On July 5, 2023, Brookfield Reinsurance, which operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions, and American Equity Investment Life Holding Company (“AEL”) announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. Cravath is representing Brookfield Reinsurance in connection with the transaction.
Activities
October 23, 2024
Jeff Dinwoodie Speaks at Washington Association of Money Managers Event on Financial Regulation
On October 22, 2024, Cravath partner Jeff Dinwoodie spoke at an event in Washington, D.C. hosted by the Washington Association of Money Managers. Jeff participated in a panel discussion entitled, “Finance and Politics: New Insights for 2024 and Beyond.”
Activities
March 18, 2024
Cravath Hosts 2024 Web3 Regulatory Forum
On March 14, 2024, Cravath hosted its 2024 Web3 Regulatory Forum at its offices in New York. The event brought together lawyers from the Firm, market participants, executives, investors and others for presentations by practitioners, current and former regulators, and interactive roundtables examining the most significant regulatory developments in the digital assets and Web3 space.
Publications
March 12, 2024
Jeff Dinwoodie Publishes Essay in Yale Journal on Regulation Blog About Crypto Regulation
On March 12, 2024, Cravath partner Jeffrey T. Dinwoodie published a short essay in the Yale Journal on Regulation’s Notice & Comment blog entitled “A Way Forward for the SEC and Crypto: The SEC’s History of Tailoring Regulatory Frameworks for Nontraditional Securities.” It discusses the SEC’s history of tailoring the securities regulatory framework to the structural features, uses and risks of nontraditional securities—e.g., asset-backed securities, options and security-based swaps. The essay argues that “investors and the market generally would benefit if the SEC would begin the necessary—and inevitable—work of systematically evaluating and developing a regulatory regime for cryptoasset securities.”
Activities
February 13, 2024
Jeff Dinwoodie Featured on “Law of Code” Podcast
Cravath partner Jeffrey T. Dinwoodie was interviewed on the February 11, 2024 episode of the “Law of Code” podcast. In the interview, Jeff discussed his experience working at the U.S. Securities and Exchange Commission and his views on regulatory topics involving blockchains, cryptoassets and other emerging technologies.
Publications
February 07, 2024
Potential FSOC Scrutiny of “Big Tech” Firms
On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”
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