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Michael M. Wiseman

Partner

Michael M. Wiseman

Partner
New York +1-212-558-3846+1-212-558-3846 +1-212-558-3588+1-212-558-3588
wisemanm@sullcrom.com

Michael Wiseman represents domestic and international commercial banks, investment banks and insurance companies. His practice encompasses regulatory and enforcement issues, mergers and acquisitions, capital markets, new products initiatives, derivative products, payment system issues and corporate governance and counseling.

As managing partner of the Firm’s Financial Services Group, Mr. Wiseman has a long history of advising global financial institutions on their largest transactional and their most sensitive regulatory matters. In recent years, for example, Mr. Wiseman has advised AIG in connection with the $85 billion emergency financing plan with the Federal Reserve and subsequent $30 billion equity capital commitment facility. He then represented AIG in its capital restructuring and public offerings in connection with its exit from government ownership. He was recognized by The American Lawyer as a “Dealmaker of the Year” for his work on AIG. He also represented Goldman Sachs in its conversion to a bank holding company. Mr. Wiseman has also advised UBS on a variety of matters arising in connection with the financial crisis, including enforcement, restructuring and capital raising matters.

Even before the recent financial crisis, Mr. Wiseman advised in connection with the resolution of a number of troubled banks, including Compubank, the Ohio thrift crisis, various savings banks, Bank of New England and First Oklahoma.

Mr. Wiseman is the former chair of the Banking Law Committee of the Association of the Bar of the City of New York. He is a member of the New York State Bar Association’s Banking Law Committee and a reporter for the Capital Market Lawyers Group on guidelines for OTC transactions involving dealers and investment advisers. Mr. Wiseman is also a member of the Council on Foreign Relations and of the American Law Institute. He teaches a crisis management course at Yale Law School.

Mr. Wiseman is a frequent speaker at various forums on banking and financial regulation matters and is the author of articles and commentaries on banking and related issues as well as numerous amicus briefs on important issues in the financial services industry.

Recent Recognitions

  • The American Lawyer, “Dealmaker of the Year” (2009) – in its first-ever ranking of the Dealmakers of the Year, The American Lawyer ranked Mr. Wiseman #5 among the 25 attorneys selected
  • Chambers USA: America’s Leading Lawyers for Business (Financial Services Regulation: Banking (Compliance), 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014; Banking (Enforcement and Investigations), 2008, 2009, 2010, 2011, 2012, 2013, 2014; Financial Institutions M&A, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014)
  • Chambers Global: The World’s Leading Lawyers for Business (Banking and Finance: Mainly Regulatory, 2001-2002, 2002-2003, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014)
  • The Legal 500 United States (2012-2014)
  • Euromoney’s Guide to the World’s Leading Lawyers – Best of the Best (Banking, 2008, 2010)
  • Euromoney’s Guide to the World’s Leading Banking Lawyers (1999, 2003, 2005, 2007, 2009)
  • IFLR1000 (Financial Services Regulatory, 2011, 2012, 2013, 2014, 2015)
  • The International Who’s Who of Business Lawyers (Banking, 2002, 2003-2004, 2005, 2006, 2009, 2010, 2011, 2012, 2013)
  • PLC Which Lawyer? Yearbook (Banking, 2005)
  • PLC’s Global Counsel 3000 (Banking, 2001-2002, 2002-2003, 2003-2004)
  • The Best Lawyers in America (Banking Law, 2001-2015; Financial Services Regulation Law, 2001-2015)
  • Super Lawyers (Banking, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014)
  • Lawdragon 500: Leading Lawyers in America (Banking, 2008, 2009-2010, 2011, 2012)


SELECTED REPRESENTATIONS

Mr. Wiseman has advised clients on significant matters in a number of areas, including:

Public Regulatory and Enforcement
 
  • BNPP in its recent guilty plea and associated enforcement actions
  • UBS in a civil money penalty related to its Zurich ECN and in a New York State Banking Department (NYSBD) consent order relating to the Holocaust
  • ABN AMRO in a written agreement relating to correspondent banking
  • Bank of New York in an investigation and related Federal Reserve written agreement involving Russian funds transfers
  • Bankers Trust in an investigation and related regulatory actions involving structured derivative products
  • Delta Bank in a plea agreement for failure to file SARs
  • Moody’s in an obstruction of justice plea agreement
  • SEB in an investigation by the Federal Reserve and NYSBD related to foreign exchange trading
  • Spiegel Inc. in connection with enforcement proceedings arising from its failure to file Securities and Exchange Commission reports
  • Lloyds in its deferred prosecution agreement relating to sanctions matters
Mergers and Acquisitions
 
  • UBS in its merger with Swiss Bank Corporation (banking)
  • UBS in its merger with PaineWebber (investment banking)
  • UBS in its acquisition of rights to Enron’s energy trading platform (trading)
  • UBS in its acquisition of Timber Resources (investment management)
  • AIG in its investment in Blackstone (investment management)
  • AIG in its acquisition of Hartford Steam Boiler (insurance)
  • Bank of New York in its acquisitions of Irving Trust Co. (banking) and Long Island Trust (banking)
  • Bankers Trust New York Corporation in its acquisition of Alex Brown (investment banking)
  • Bond Investors Group in its organization (insurance)
  • Certco in its formation (data security)
  • Dresdner in its acquisition of RCM (investment management)
  • Intesa in its investment in Lazard (investment banking)
  • The New York Clearing House (NYCH) in its reorganization (payment systems)
  • Organization of CLS
  • U.S. Trust in its acquisitions of Maier & Seibel (investment management), North Carolina Trust Company (investment management) and Wood Island Advisors (investment management)
Securities and Capital Markets
 
  • U.S. and non-U.S. banks in developing securities designed to count as regulatory capital
  • Numerous public offerings by AIG, Chemical, Marine Midland, The Bank of New York, First Bank System, Bank of Boston, U.S. Trust, KeyCorp, Bankers Trust, Citigroup and UBS
  • Payment Systems
  • Participated on behalf of NYCH in the development of CHIPS settlement finality procedures
  • Participated in the development of the netting provisions in FDICIA and the New York State Banking Law
  • Represented CLS in its organization
Corporate Governance and Counseling
 
  • Represented the Group of Twenty leading international banks in developing a continuous linked settlement system for clearing foreign exchange
  • Various legislative matters, including with regard to the Gramm Leach Bliley Act, on behalf of a consortium of commercial and investments banks, and the USA PATRIOT Act, on behalf of TCH
  • Represented TCH in its Principles of Corporate Governance