Jarryd Anderson is a nationally recognized banking and financial services regulatory lawyer and chair of Ropes & Gray’s financial services group. He advises U.S. and non-U.S. banking organizations, nonbank financial institutions, asset managers, fintech companies, and trade associations on mergers and acquisitions, corporate governance, and regulatory, supervisory, and enforcement matters.
With experience at the Federal Reserve, major financial institutions, and in private practice, Jarryd counsels clients on their most critical transactions, strategic business initiatives, and complex regulatory challenges across the banking and financial services sector. He helps clients navigate issues arising under key banking laws and regulations, including the Dodd-Frank Act, the Bank Holding Company Act, the Change in Bank Control Act, the National Bank Act, and the Federal Deposit Insurance Act. His practice encompasses bank powers and activities, charters and applications, capital and liquidity requirements, Volcker Rule compliance, anti-money laundering, and other areas of bank regulation. He regularly represents clients before the federal banking agencies and Congress and is widely recognized for his insight into emerging regulatory and policy developments.
Jarryd previously served as a regulatory policy advisor in the Supervision and Regulation Division of the Board of Governors of the Federal Reserve System, where he played a key role in implementing significant aspects of the Dodd-Frank Act and other high-priority initiatives, including post-crisis recovery and resolution planning, rulemakings, and interagency and cross-border policy development. He also held senior in-house positions at two global systemically important banks and at a leading banking trade association. He currently serves as a member of the FDIC Systemic Resolution Advisory Committee.
Jarryd has advised leading financial institutions and organizations such as the American Bankers Association, Allied Irish Banks, Automatic Data Processing, Capital One, Citigroup, the independent directors of a large banking organization, Flagstar Financial, Google, Nasdaq, Oak Hill Advisors, PNC Bank, Shinhan Financial Group, TD Bank, UBS, Wells Fargo & Co., and Western Alliance Bank.
He is consistently recognized as a leading banking and financial services regulatory lawyer by Chambers USA and Chambers Global, where clients praise his “terrific understanding of regulatory policy and great judgment” and his ability to “take complex subjects and break [them] down to someone without a legal background.” He has also been recognized in Lawdragon’s “500 Leading Dealmakers in America,” “Lawdragon 500 X – The Next Generation,” Bloomberg Law’s “They’ve Got Next: 40 Under 40,” and Savoy’s “Most Influential Lawyers.”
Prior to joining Ropes & Gray, Jarryd was a partner in the Washington, D.C., office of another international law firm.
Experience
Jarryd’s current and recent representations include:
Regulatory
- A large banking organization and its board of directors on legal, regulatory, and corporate governance matters leading up to the bank’s FDIC receivership and the acquisition of substantially all its assets and deposits by JPMorgan Chase.*
- American Bankers Association on a white paper proposing reforms to FDIC deposit insurance and broader financial stability frameworks.*
- The Bank Policy Institute on comment letters regarding the Federal Reserve and FDIC’s proposals to change resolution plan regulations.*
- A state-chartered special purpose bank in its application for a Federal Reserve master account.*
- A large banking organization in seeking reconsideration of its preliminary stress capital buffer requirement under the Federal Reserve Board’s capital plan rule.*
- A large banking organization in post-merger integration and addressing the treatment of inherited supervisory challenges and enforcement actions after closing.*
- Several fintech companies on chartering strategies, including national bank, OCC limited-purpose bank, and state industrial bank charters.*
- A large global bank and its asset management division in permissible deposit-taking activities in numerous jurisdictions outside the United States.*
Corporate Transactions
- A large asset manager on its leading role in a Series C funding round and in strategic partnership with a proprietary technology and turnkey asset management platform.*
- Wells Fargo in the sale of its Institutional Retirement & Trust business to Principal Financial Group.*
- MDI Keeper’s Fund in several non-controlling investments in banks and fintechs.*
- Envestnet, Inc. in its definitive agreement pursuant to which Bain Capital will acquire all outstanding shares of common stock in an all-cash transaction valued at approximately $4.4 billion.*
- LuminArx Capital Management in its direct lending joint venture with Citigroup Inc.*
- Lone View Capital in its acquisition of a majority stake in CargoSprint, a provider of innovative payments and workflow orchestration solutions for the cargo industry.*
- Lone View Capital and its portfolio company CargoSprint in its acquisition of Advent Intermodal Solutions LLC, the world’s largest port community platform.*
- Affiliated Managers Group in its strategic collaboration with global financial services firm Brown Brothers Harriman & Co. to meet the growing demand for structured and alternative credit solutions in the U.S. wealth market.*
- A large banking organization in a merger of an operating subsidiary into its flagship national bank.*
Enforcement & Investigations
- TD Bank in a number of significant matters, including advising on regulatory issues relating to the bank’s AML compliance and matters involving the Federal Reserve and OCC, as part of the bank’s global resolution with the Department of Justice and federal banking agencies.*
- Office of the Comptroller of the Currency and the U.S. Department of the Treasury in connection with a major cybersecurity incident, including assessment and related remediation efforts.*
- A top Asian bank in a Federal Reserve enforcement action relating to BSA/AML compliance of the bank’s U.S. operations.*
- A large regional bank and its board of directors in connection with a major cybersecurity incident, including incident response and remediation efforts.*
- Several large banking organizations in enforcement actions and consent order remediation projects.*
*Handled prior to joining Ropes & Gray