As a lending lawyer for more than a quarter century at this point, I have seen that deposit accounts and deposit account control agreements are a routine component of virtually every transaction. Deposit accounts are a source of high quality, easily realizable collateral for lenders in any secured loan transaction. However, following the regional bank crisis early last year, my perspective of deposits shifted. They were no longer simply another asset class of collateral for my bank clients. Instead, unfortunately, I saw first-hand how deposits are inseparably linked to the ability of our clients to not only make the loans we help them provide, but also to thrive as financial institutions.
The FFA held its annual Global Leadership Summit this week at the Pine Cliffs Resort in Albufeira, Portugal. Set atop a scene of cliffside ocean vistas and perfect weather, some of the top leaders in the industry across banks, fund sponsors, law firms and other service providers gathered to share thoughts on the current and future state of the global fund finance market.
Join us in just one month on October 23 in Charlotte as we bring together the brightest minds in the industry for a one-of-a-kind event.
Join Scott Aleali, Head of Private Equity Finance at Citizens Bank, and Jeff Maier, Senior Managing Director - Private Equity Finance at Citizens Bank, with special guest Mark Lehmann, CEO of Citizens and President of Citizens California for the latest episode of Fund Fanatics!
As many already know, I recently returned to the office after taking parental leave to be home with my baby girl. In my first Fund Finance Friday article since returning from leave, I would like to take this opportunity to express my gratitude to my colleagues, clients and Cadwalader for supporting me in stepping away to be with my family. I am also using this platform to share some wisdom with those who may not think that it is possible to be a parent with multiple children and have a successful career in Big Law.
Join us on October 23 in Charlotte as we bring together the brightest minds in the industry for a one-of-a-kind event.