Morrison Foerster Welcomes Notable Partners in Financial Services and Fintech Sectors

Morrison Foerster, the esteemed global law firm, announced a significant enhancement to its Financial Services and Fintech Groups with the recent addition of two prominent partners, Alexandra Steinberg Barrage and Matthew Bornfreund. Both bring a wealth of experience and expertise that will undoubtedly benefit the firm and its clientele.

Located at the firm’s Washington, D.C. office, Barrage and Bornfreund join Morrison Foerster from a leading law firm where they concentrated on intricate regulatory and transactional matters concerning financial services and fintech. Barrage, who has an impressive background as a former executive at the Federal Deposit Insurance Corporation (FDIC), carries over twenty years of expertise in navigating the complex world of bank regulations. Her experience encompasses advising various banks and tech firms on multifaceted supervisory and regulatory topics, including payments and intricate transactional frameworks.

Bornfreund complements this expertise perfectly with his extensive tenure at the Federal Reserve Board, where he served as an attorney within the Legal Division. His practice primarily focused on providing legal guidance to banks and non-depository financial institutions, navigating them through the procedures of a highly- regulated environment that continues to evolve.

Of her new role, Barrage expressed excitement about co-leading Morrison Foerster’s Digital Assets practice, noting that this office would focus on the increasingly topical issues around digital asset activities, enforcement matters, and the burgeoning cooperation between banks and fintech companies. “Clients are interested in how to not only comply with current regulations but also to innovate within the regulatory frameworks,” she emphasized. Her dual capability to advise clients on regulatory matters while delivering practical solutions makes her a tremendous asset to the firm.

In his role, Bornfreund will counsel clients on a variety of compliance and transactional issues, providing thorough guidance on capital and liquidity requirements, permissible activities, and risk management associated with third-party vendors. His ability to dissect regulatory frameworks and offer insights into operational considerations will be invaluable for clients trying to navigate these pressures from different angles.

Jeremy Mandell, co-chair of Morrison Foerster's Financial Services Group, praised the new partners as exceptional additions to the firm. He noted the distinct combination of their private and public practice experiences will greatly benefit clients—especially those working at the intersection of conventional financial services and emerging technology sectors.

Meanwhile, Jeff Silberman, co-lead of the firm’s Fintech practice, declared that the arrival of Barrage and Bornfreund reinforces Morrison Foerster's position as a leader in fintech law. “Our clients will stumble upon valuable support regarding online, app-based, and digital financial products,” he remarked.

With a robust history in the financial services realm, Barrage and Bornfreund are anticipated to be key players as Morrison Foerster strategically strengthens its capabilities in providing comprehensive legal services across financial sectors, particularly in fintech. Barrage's acknowledgment in industry publications and her extensive speaking engagements underscore her thought leadership role in the banking discussion at a national level, having contributed to essential legislative understandings of digital asset legislation as well.

Bornfreund, echoing this sentiment, conveyed his eagerness to merge his banking agency knowledge with the firm’s established legacy. “I'm here to provide significant insights to help client endeavors in regulatory, transactional, and compliance matters,” he stated, shining light on his previous experiences and current enthusiasm for facilitating growth and compliance in the fintech landscape.

As Morrison Foerster continues to navigate the demands of evolving fintech environments, the introductions of Barrage and Bornfreund signal a robust commitment to enhancing their clients' abilities to establish strategic, agile responses to dynamic markets in financial services, thereby maintaining their position at the forefront of industry advancements and regulatory changes.

Topics Financial Services & Investing)

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