Top derivatives lawyer goes to work for the government

A leading derivatives lawyer has joined a new division of the US SEC, according to a recent announcement by the US regulator. Adam Glass, who co-headed Linklater’s US structured finance and derivatives practice until last month, has become co-chief counsel at the SEC’s division of risk strategy and financial innovation.

The unit was set up in September as part of the regulator’s efforts to beef up its monitoring of risk. It brings together several previously separate functions, including the office of economic analysis and the office of risk assessment. In September, former academic Henry Hu was appointed as director of the unit which, according to the SEC, will carry out sophisticated analysis that integrates economic, financial, and legal disciplines.

Glass, who has worked extensively in the field of credit derivatives for several years, joined Linklaters in 2004. Before that, he was a partner at Sidley Austin, and before that at Orrick Herrington & Sutcliffe.