WASHINGTON, July 8, 2024
/PRNewswire/ -- Milbank LLP is pleased to announce the
addition of former senior Commodity Futures Trading Commission
official Joshua (Josh) Sterling as a
partner in Washington, D.C. Mr.
Sterling will guide the growth of the firm's Litigation &
Arbitration and Derivatives practice areas, as well as
strengthening the White Collar Defense & Investigations
practice. His practice will focus on regulatory and enforcement
matters relating to derivatives, financial market infrastructure
and cryptocurrency issues.
Mr. Sterling regularly assists major derivatives exchanges,
market participants and fintech enterprises with obtaining
approvals for new product and business initiatives through
engagement with regulators, and by executing on their strategic
business initiatives. He has extensive experience representing
clients in CFTC and Securities and Exchange Commission enforcement
investigations, as well as in examinations of their trading
activities and regulatory compliance brought by National Futures
Association and derivatives exchanges. He has successfully resolved
cases for both corporate and individual defendants.
"We are delighted to welcome Josh to our firm," said Milbank
Chairman Scott A. Edelman. "He has
excelled as a leader both in the public sector as a top official at
the CFTC, and in private practice as a leading practitioner in
commodities and derivatives law. In addition to providing
world-class regulatory counsel, we are confident he will serve the
needs of our clients on the enforcement side of commodities,
derivatives and cryptocurrency matters where our firm
is poised for growth."
Mr. Sterling's client advice is informed by his tenure at the
CFTC, where he served as Director of the Market Participants
Division from 2019–2021. In that role, he oversaw the 3,300-plus
banks, intermediaries and asset managers registered with the
agency—as well as the examination, rulemaking and enforcement
referral programs governing those firms. Mr. Sterling played an
instrumental role in completing the remaining rulemakings required
by the Dodd-Frank Act, as well as in charging and settling several
groundbreaking enforcement actions. For his record-setting
accomplishments at the CFTC, Josh received the Chairman's Award for
Excellence in Management.
"Josh has quickly built a significant client portfolio since his
return to private practice from the CFTC," said George S. Canellos, global head of the
Litigation & Arbitration group. "His skills as a regulatory
counselor and expertise in commodities, futures, and
crypto markets will strongly complement our white
collar and regulatory enforcement practices."
"I look forward to working closely with Josh, particularly in
advising clients on enforcement-related matters," said partner
Nola B. Heller, a member of the
Litigation & Arbitration Group, and co-head of the New York office's White Collar and
Investigations Group. "I'm excited to leverage our combined
experience representing clients in CFTC and SEC enforcement
investigations to both achieve their objectives and to meaningfully
contribute to our firm's growth."
"We are confident that the addition of Josh's recent regulatory
experience and insights will position Milbank well to support
innovation in financial market infrastructure spaces—a key concern
for our clients of our Derivatives practice," said partner
John Williams, head of the firm's US
Derivatives practice.
"I am thrilled to join Milbank, as it will allow me to provide
my clients with regulatory advisory needs with the depth and
stature of the firm's white collar enforcement practice," said Mr.
Sterling. "Being able to operate in both the Litigation &
Arbitration and Derivatives groups opens up a broad spectrum of
opportunities that will greatly benefit our clients, as well as
contribute to the firm's growth."
Mr. Sterling received his JD from the University of Pennsylvania Law School and his BA
from Vanderbilt University, magna cum laude. He is
ranked Band 4 in Chambers Global for Derivatives. Mr.
Sterling also serves as a member of the Capital Markets Strategic
Litigation Advisory Committee for the
United States Chamber of Commerce, as the co-chair of the
Derivatives Subcommittee of Corporation, Finance and Law Community
of the Bar Association of the District of
Columbia, and as a market expert for P.R.I.M.E. Finance, a
dispute resolution and educational foundation based in The Hague.
ABOUT MILBANK
Milbank LLP is a leading international law firm that provides
innovative legal services to clients around the world. Founded in
New York over 150 years ago,
Milbank has offices in Beijing,
Frankfurt, Hong Kong, London, Los
Angeles, Munich,
New York, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank's lawyers collaborate
across practices and offices to help the world's leading
commercial, financial and industrial enterprises, as well as
institutions, individuals and governments, achieve their strategic
objectives. To learn more about Milbank, please
visit www.milbank.com and follow us on
LinkedIn, Twitter and Instagram.
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SOURCE Milbank LLP