Mark is a senior consultant in the Financial Services & Markets Department, having been one of the founding partners of the department. He was formerly Head of the firm's Financial Products and Payments Group and Vice-Chair of our Brexit Working Group.
He advises on a broad range of financial services and markets issues including securities trading, clearing, settlement, payments, derivatives, custody, insolvency, banking, FinTech and financial product development. Mark has particular expertise in advising the operators of systemically important financial market infrastructure, including payment systems, central securities depositories and central banks.
He has been consistently recognised over the past 15 years or so as a leading individual in the financial services and markets space. He was inducted to The Legal 500's "Hall of Fame" in 2018, which aims to highlight individuals "who have received constant praise by their clients for continued excellence and law firm partners who are at the pinnacle of the profession". In 2020, he was also recognised by Chambers and Partners UK as a "Senior Statesperson" for Financial Services (Non-Contentious) Law and Payments Law.
Mark has a market-leading reputation for advising on complex, innovative and paradigm-shifting financial market infrastructure projects of systemic importance. He has previously led the firm's work on the legal, regulatory and contractual models underpinning the provision of real-time delivery-versus-payment facilities for the UK and Irish securities markets (for which his team was "highly commended for innovation" in the Financial Times Innovative Lawyers Awards), the dematerialisation of the UK's money markets (for which his team won 'Corporate Team of the Year' in The Lawyer Awards) and the new UK payment system for the image processing of cheques and other paper instruments.
Mark was the Chair of our Conflicts Committee and, in that capacity, played an active role in the firm's continuing delivery of legal services tailored to serving the best interests of existing and prospective clients.
Mark is an active member of the Financial Law Committee of the City of London Law Society and chairs its intermediated securities sub-committee. He is an erstwhile member of the FMLC's Financial Market Infrastructure Scoping Forum. He remains a key participant in various expert working groups appointed by the FMLC and HM Treasury to advise on a diverse range of financial markets issues, including the regulation of financial market infrastructures, cryptoassets and distributed ledger technologies; securities laws; market disruption; settlement finality; conflict of laws; and financial collateral.
He is also a contributor to Yeowart & Parsons on The Law of Financial Collateral. Chambers identifies Mark as a Band 1 expert in its directory, describing him as "bringing a pragmatism to the table", "deeply intellectual" and "deeply knowledgeable". He is listed as a "market leader" in the IFLR1000 and is recognised in the Best Lawyers directory (which lists lawyers exclusively on the basis of recommendations from peers).