Partner - Financial Services, Banking Regulatory, Technology
With 25 years’ experience of having lived and worked in London, the US (Washington DC), and the Middle East (Qatar), as well as most European countries, Gavin has a formidable international background in his areas of expertise of commercial, financial services, banking regulatory and technology. Gavin was trained and has practised Intellectual Property and Information Technology (IP/IT) in two recognised ‘Legal 500 Tier 1 firms’ (Osborne Clarke and Eversheds) from which he expanded and developed his knowledge and expertise of IP/IT across multiple jurisdictions, and he was fortunate to have been mentored by two of the most significant legal technology experts who are well known amongst the legal community for the last three decades.
In addition, Gavin has 17 years’ experience of financial services, having worked for many of the leading financial institutions from 2004 where he developed a solid understanding of banking regulations and operations. As well as reporting to C level on the impact of FCA regulations and advising on operational measures to mitigate corporate risk, Gavin was responsible for negotiating all high risk, high complex agreements for the various banks to ensure their corporate exposure was mitigated. Gavin has advised numerous well known investment banks on regulation, from advising on the applicable regulation of Brexit with the Lloyds Banking Group and the subsequent restructure by negotiating their Intra-Group Agreements, to heading up the legal function of the Financial Crime Compliance Program for HSBC to ensure regulatory compliance with the requirements of the SEC, and negotiating all complex high value, high risk software technology, AI, big data and algorithmic consultancy programs were delivered on time, at cost and in compliance with the regulations. Gavin was also engaged by Credit Suisse to negotiate their high value, high risk Terms of Business, and he has recently completed a number of compliance reports for the financial arm of two well-known Japanese motor manufacturers based on the requirements of the FCA and CONC consumer credit regulations.
As an overview, Gavin has advised on Consumer Credit Regulations 2010, Consumer Credit Act 1974/2006, Consumer Credit (Total Charge for Credit), Early Settlement Regulations 2004, SMCR, EMIR, MiFIDII, PSD2, BAIT, Financial Crime Compliance, CDD, KYC, AML, Anti Bribery, GDPR, OECD, FATCA, CRS, European Banking Authorities Outsourcing Regulations, PRA, SYSC8 (Outsourcing), EMIR, Basel III, CRDIV (CDR 2013/575) and (Pillar 1 & 2), REMIT, MAD, BAIT, CDR 2017/565 and 1943, PRIFID, MLD4 (Directive 2014/65/EU), and the Financial Services Banking (Reform) Act 2013, German Banking Act, MAR Risk and BA Fin.
Whilst undertaking technical financial services work, Gavin has also heavily advised on technology and software covering both the negotiation and drafting of new proposition agreements as well as advising on the regulatory work at the forefront of technology implementation with companies such as Vodafone, BT and Finastra overseeing and delivering on current market technology and software projects (such as SaaS, PaaS, AI, mobile SIM/voice and data, payment platforms) and all applicable FCA, GDPR and telecom regulations, including new local porting regulations, and mobile switching regulations.
"I had the pleasure of working with Gavin on a number of large, complex solution sales during our time at C&W. Gavin is a very astute, commercially minded lawyer that takes time to understand the opportunity comprehensively before providing very high-quality legal support. Gavin proved himself to be a very capable negotiator and built up an excellent rapport both with his own team and also with the client. From a commercial business case perspective, the very best lawyers are able to discern issues which have material impact and ensure the contract mitigates key risks but also maximise opportunities for growth and future additional profitability. This epitomises Gavin's approach and sets him apart as one of the very best lawyers I have worked with."
Azeem Akhtar, Chief Technology Officer (CTO) at BT Global Services Division
"Gavin. You are one of the most entrepreneurial and pragmatic lawyers I have come across. A rarity in the field of law. Always finding a solution and being a human being not a machine. Thank you for everything. Wishing you well.
Mike Watson, CEO Tube Tech International
" Gavin is a lawyer who is highly commercial and business orientated. I worked with him on a number of large transactions in which he demonstrated a flexible and committed approach. As well as being very strong technically, he was highly pragmatic and his advice and guidance was highly valued. He made a great contribution to the success of major customer negotiations with a very balanced and good humoured communication style and I thoroughly enjoyed working with him.
Neil Miron, Global Strategic Sales Executive at DXC Technology
"As the CEO of a software company, I found myself requiring practical, commercially focused legal advice. Ideally this should be given by someone with a strong appreciation for how large companies think. The icing on the cake would be a procurement background. I was introduced to Gavin Persaud, and found someone with all of the above attributes and with the ability to turn things around quickly. I would have no hesitation in recommending Gavin.
Kerrill Burke, CEO Meritsoft, a Cognizant Company
"Gavin provided me with legal advice and support on a range of deals and negotiations which I managed at Morgan Stanley. Gavin is a commercially astute lawyer who always combines practical legal expertise with commercial insight, with the right degree of pragmatism to get the job done. In addition to his technical knowledge and expertise, Gavin is extremely personable and a pleasure to work with. I would not hesitate to recommend him for any future career opportunities.
Martin Parsley, VP Procurement Morgan Stanley
"Gavin was very helpful and honest. He was always on hand to provide support, help & advice which proved to very accurate indeed! They successfully navigated our company through the entire legal process, ensuring a positive conclusion. They provided a quality, friendly service at a reasonable price. Helpful, honest, accurate, reasonable and they get results - what more can you ask for from a legal firm!
Alex Hearn, Managing Director of The Big A
"We have been utilising Gavin's expertise for over a year. He has provided astute, real-world advice relating to all aspects of company formation and startup. In particular, Gavin composed various contracts concerning IP and deadlock resolution that were exactly what we hoped for at a price we could afford.
Brendan Holmes, Lead Devops Engineer
Financial Services Agreements and Regulations. Consumer Finance Regulated (and non regulated) Agreements, FCA/PRA Regulatory and Compliance Risk & Corporate Governance, Board Secretarial, Company & Commercial, International IP/IT Technology & Software Agreements and Regulation(SaaS, PaaS, AI, Big Data, Blockchain).
- Morgan Stanley, Lloyds Banking Group, Credit Suisse, Toyota Financial Services, Honda Finance Europe
- Qatar Financial Centre Authority
- Cable & Wireless, Vodafone, BT plc
- Osborne Clarke