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, governance and enforcement matters. Mr. Dinwoodie’s work spans both traditional finance and innovation‑related and cryptoasset issues.
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. He led and advised on a wide array of regulatory, examination and enforcement matters during a period of significant agency activity. Mr. Dinwoodie also served as the SEC’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and the President’s Working Group on Financial Markets (PWG). 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, cryptoassets and community and economic development. Mr. Dinwoodie was deeply engaged in Treasury’s efforts to respond to the economic effects of COVID‑19. 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.
Mr. Dinwoodie began his legal career in 2008 as an attorney in the SEC’s Division of Trading and Markets. He spent a significant portion of that time on Financial Crisis‑related issues. He served as a core member of the agency’s Dodd-Frank Implementation Team, focusing on the Title VII derivatives regime. Mr. Dinwoodie 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 topics. In January 2024, he testified before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion. Mr. Dinwoodie has delivered guest lectures at the Wharton School of the University of Pennsylvania, the Rotman School of Management at the University of Toronto, the Yale School of Management and Columbia Law School. He has also spoken at events organized by the Milken Institute, the Securities Industry and Financial Markets Association and the Managed Funds Association, among others.
Mr. Dinwoodie regularly publishes analysis of emerging financial regulation issues. His writing has appeared in a range of publications, including the Yale Journal on Regulation, Bloomberg Law, Global Capital, Traders, Compliance Reporter and the Futures & Derivatives Law Report.
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.
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. He led and advised on a wide array of regulatory, examination and enforcement matters during a period of significant agency activity. Mr. Dinwoodie also served as the SEC’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and the President’s Working Group on Financial Markets (PWG). 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, cryptoassets and community and economic development. Mr. Dinwoodie was deeply engaged in Treasury’s efforts to respond to the economic effects of COVID‑19. 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.
Mr. Dinwoodie began his legal career in 2008 as an attorney in the SEC’s Division of Trading and Markets. He spent a significant portion of that time on Financial Crisis‑related issues. He served as a core member of the agency’s Dodd-Frank Implementation Team, focusing on the Title VII derivatives regime. Mr. Dinwoodie 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 topics. In January 2024, he testified before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion. Mr. Dinwoodie has delivered guest lectures at the Wharton School of the University of Pennsylvania, the Rotman School of Management at the University of Toronto, the Yale School of Management and Columbia Law School. He has also spoken at events organized by the Milken Institute, the Securities Industry and Financial Markets Association and the Managed Funds Association, among others.
Mr. Dinwoodie regularly publishes analysis of emerging financial regulation issues. His writing has appeared in a range of publications, including the Yale Journal on Regulation, Bloomberg Law, Global Capital, Traders, Compliance Reporter and the Futures & Derivatives Law Report.
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
November 19, 2024
Robinhood’s Acquisition of TradePMR
On November 19, 2024, Robinhood Markets, Inc. (“Robinhood”) announced that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors. Final deal consideration is expected to be approximately $300 million, subject to customary purchase price adjustments, consisting of a mix of cash and stock. Cravath is representing Robinhood in connection with the transaction.
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.
Publications
November 04, 2024
Jeff Dinwoodie Publishes Essay in Yale Journal on Regulation Blog on SEC “Exchange” Rulemaking
On November 1, 2024, Cravath partner Jeffrey T. Dinwoodie published a short essay in the Yale Journal on Regulation’s Notice & Comment blog entitled “An Expanding ‘Exchange’ Regulatory Construct? The Marketplace Awaits Key SEC Decisions.”
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.
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, governance and enforcement matters. Mr. Dinwoodie’s work spans both traditional finance and innovation‑related and cryptoasset issues.
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. He led and advised on a wide array of regulatory, examination and enforcement matters during a period of significant agency activity. Mr. Dinwoodie also served as the SEC’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and the President’s Working Group on Financial Markets (PWG). 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, cryptoassets and community and economic development. Mr. Dinwoodie was deeply engaged in Treasury’s efforts to respond to the economic effects of COVID‑19. 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.
Mr. Dinwoodie began his legal career in 2008 as an attorney in the SEC’s Division of Trading and Markets. He spent a significant portion of that time on Financial Crisis‑related issues. He served as a core member of the agency’s Dodd-Frank Implementation Team, focusing on the Title VII derivatives regime. Mr. Dinwoodie 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 topics. In January 2024, he testified before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion. Mr. Dinwoodie has delivered guest lectures at the Wharton School of the University of Pennsylvania, the Rotman School of Management at the University of Toronto, the Yale School of Management and Columbia Law School. He has also spoken at events organized by the Milken Institute, the Securities Industry and Financial Markets Association and the Managed Funds Association, among others.
Mr. Dinwoodie regularly publishes analysis of emerging financial regulation issues. His writing has appeared in a range of publications, including the Yale Journal on Regulation, Bloomberg Law, Global Capital, Traders, Compliance Reporter and the Futures & Derivatives Law Report.
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.
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. He led and advised on a wide array of regulatory, examination and enforcement matters during a period of significant agency activity. Mr. Dinwoodie also served as the SEC’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and the President’s Working Group on Financial Markets (PWG). 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, cryptoassets and community and economic development. Mr. Dinwoodie was deeply engaged in Treasury’s efforts to respond to the economic effects of COVID‑19. 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.
Mr. Dinwoodie began his legal career in 2008 as an attorney in the SEC’s Division of Trading and Markets. He spent a significant portion of that time on Financial Crisis‑related issues. He served as a core member of the agency’s Dodd-Frank Implementation Team, focusing on the Title VII derivatives regime. Mr. Dinwoodie 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 topics. In January 2024, he testified before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion. Mr. Dinwoodie has delivered guest lectures at the Wharton School of the University of Pennsylvania, the Rotman School of Management at the University of Toronto, the Yale School of Management and Columbia Law School. He has also spoken at events organized by the Milken Institute, the Securities Industry and Financial Markets Association and the Managed Funds Association, among others.
Mr. Dinwoodie regularly publishes analysis of emerging financial regulation issues. His writing has appeared in a range of publications, including the Yale Journal on Regulation, Bloomberg Law, Global Capital, Traders, Compliance Reporter and the Futures & Derivatives Law Report.
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
November 19, 2024
Robinhood’s Acquisition of TradePMR
On November 19, 2024, Robinhood Markets, Inc. (“Robinhood”) announced that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors. Final deal consideration is expected to be approximately $300 million, subject to customary purchase price adjustments, consisting of a mix of cash and stock. Cravath is representing Robinhood in connection with the transaction.
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.
Publications
November 04, 2024
Jeff Dinwoodie Publishes Essay in Yale Journal on Regulation Blog on SEC “Exchange” Rulemaking
On November 1, 2024, Cravath partner Jeffrey T. Dinwoodie published a short essay in the Yale Journal on Regulation’s Notice & Comment blog entitled “An Expanding ‘Exchange’ Regulatory Construct? The Marketplace Awaits Key SEC Decisions.”
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.
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