Stephen T. Gannon, Senior Legal Director, Banking Services, Joins Murphy & McGonigle


WASHINGTON, April 21, 2021 / PRNewswire / – Financial Services Law Firm Murphy and McGonigle announced today that Stephen T. Gannon, a financial services industry leader who previously served as a senior legal executive at Citizens Financial Group, Capital One Financial Corporation and Wachovia Securities, has joined the firm.

Mr. Gannon was most recently Executive Vice President, General Counsel and General Counsel of Citizens Financial Group, the 12th largest retail and commercial bank in the country, where he served on the executive committee and managed and led all legal transactions, corporate governance, corporate transactions, government relations, regulatory relations and corporate litigation functions. He has spent the past two decades advising on the highest levels of strategic decision-making for several of the country’s largest financial institutions.

“We are delighted that Steve is joining our team,” said President and Co-Founder James a murphy. “Steve brings considerable and extensive experience in the banking industry, which will complement our leading securities and blockchain practices and provide a one-stop destination for financial services institutions of all kinds as they grapple with rapid change. that affect the sector.

Mr. Gannon said: “I joined Murphy & McGonigle for one simple reason: they are the best at what they do. I have known James and Tom for almost 30 years, both as a colleague of the SEC in Tom’s case and as a legal partner. in the case of James. They have built a law firm based on the best talent, which enables them to provide their clients with exceptional information, exceptional judgment and, most importantly, excellent results. This is evident in what they have been able to accomplish in just 10 years. They have led customers effectively through times of disruption and challenges, as well as growth and advanced customer opportunities. As the bank reaches its next inflection point, which is happening right now, these skills will be more important than ever. I am delighted to join this incredible team with such a superb track record. “

Mr. Gannon has significant experience leading teams responsible for designing and overseeing frameworks and processes to ensure financial products are fully compliant with all applicable laws and regulations and align with strategic objectives. appropriate. Mr. Gannon has also defended and managed advocacy with the Federal Reserve Board, OCC, FDIC, CFPB and SEC, where he served as a branch manager in the Enforcement Division. He also has in-depth expertise in the regulation of banks and brokers / brokers, particularly in the context of banking regulatory reform.

Prior to his seven years at Citizens Financial Group, Mr. Gannon served as Executive Vice President and Assistant General Counsel at Capital One, overseeing corporate and securities transactions, banking and corporate regulatory matters, litigation, mergers and acquisitions and other legal and financial matters. business. At Wachovia Securities, Mr. Gannon served as General Counsel for the institution’s retail brokerage group and was responsible for building a 100+ person legal department for the third largest retail brokerage. from the country. Prior to his corporate in-house department, Mr. Gannon tried dozens of cases in courts, securities arbitration and other regulatory bodies and appeal forums.

In addition to joining the cutting edge securities regulatory practice of Murphy & McGonigle and developing the Fintech & Blockchain practice, Mr. Gannon will take charge of the creation of a new banking services practice. He will advise the banking industry on regulatory and strategic matters, ranging from public policy and corporate governance to litigation, compliance and administrative actions. He will also focus on helping industry players adapt and seize opportunities in the booming fintech and digital asset space.

Mr. Gannon has held a number of leadership positions in the financial services industry, including Chairman of the Board of The Clearinghouse Association; the Forum of Advocates General of the Bank’s Policy Institute; participating in the Legal Reform Institute of the United States Chamber of Commerce and serving on the Executive Committee of SIFMA Compliance and Legal Society as well as the Advisory Board of SIFMA.

The addition of Mr. Gannon builds on the recent momentum that Murphy & McGonigle built on. The firm opened two new offices in 2020, San Francisco and Chicago, and was named “Law Firm of the Year” for securities regulation by US News – Best Law Firms in 2021 just its 10th year of existence.

Mr. Gannon, the 16the Murphy & McGonigle’s attorney for serving at the SEC, will divide his time between the firm’s offices in Washington DC, new York, and Richmond, Virginia.

About Murphy & McGonigle
Murphy & McGonigle serves the regulatory, enforcement and high-stakes litigation advisory needs of clients across the spectrum of the financial services industry – from investment banks and commercial banks, to investment dealers. securities, investment advisers and hedge funds, to national and international markets. markets and stock exchanges as well as digital asset trading platforms and Fintech innovators. Many of the firm’s partners previously held senior positions with the US Department of Justice, the SEC, FINRA and CFTC, and several held senior positions at major financial institutions on Wall Street.

The firm has been ranked the National Leading Law Firm in Securities Regulation and Litigation for eight consecutive years by US News – Best Law Firms. Bedrooms United States recently named Murphy & McGonigle one of the top six law firms in United States in Financial Services – Regulation (Broker-Dealer) and commented: “They are highly respected by US regulators.”

Mark Curran
Murphy and McGonigle
[email protected]

SOURCE Murphy and McGonigle, PC

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