Robert Daniell Senior Counsel

Senior Counsel

DD +44 (0)20 7849 2807 T +44 (0)20 7831 9222 Email Robert Download vCard

Rob specialises in derivatives, securities finance and prime brokerage. He has considerable experience of trading, custody, brokerage and clearing agreements for derivative products, repos / stock lending and physical commodities.

Rob advises brokers and buy-side clients across a wide range of asset classes, and on the associated regulations and issues of market practice.

Rob advises investment and hedge funds, banks, pension funds and insurers, high-net-worth individuals and corporates on a broad range of documents and transactions. These include equity and credit derivatives, OTC derivative clearing and exchange-traded derivatives, prime brokerage, repo and securities lending, custody, margin financing, FX and commodities.

Prior to joining Macfarlanes, Rob worked for investment banks in London for 17 years, most recently for UBS, where he was a Managing Director and Head of the European Equity Derivatives and Prime Brokerage legal teams. Prior to UBS, Rob worked for Nomura International and Lehman Brothers; and for the New Zealand Securities Commission prior to arriving in the UK.

Rob has been involved in contributions on numerous regulatory initiatives, including OTC derivatives clearing, short-selling, safe custody, client money and shadow banking. Rob has been the lead drafter of a number of industry-standard OTC derivatives template documents that are now widely used by market participants.

Expertise

Derivatives and Trading

Recent work

Collateral requirements

Advising a large number of asset managers and brokers on the implementation of collateral requirements for OTC derivatives.

Implications of clearing derivatives

Advising asset managers on the implications of clearing derivatives and how to manage the risks in the clearing process.

Securities Financing Transactions Regulation

Advising asset managers on the requirements of the Securities Financing Transactions Regulation for their stock loan, repo and cash finance transactions.

Restricted Asian markets

Advising a major institutional fund manager on legal implications of derivative products adapted for restricted Asian markets.

Liquidity enhancement derivatives

Advising a major UK broker on liquidity enhancement derivatives.

Regulated firm

Advising a regulated firm on the implications and course of action to take with stakeholders following regulatory action being taken against employees.

Equity derivative transactions

Advising a leading fund manager on structured emerging market equity derivative transactions.

See all

What people are saying

The UK Legal 500 2023

In depth