Ex-SVB Lawyer Landed Job at Wealth Manager Before Bank Implosion
A attorney who still left SVB Monetary Group just prior to the collapse of its commercial financial institution has landed at Alvarium Tiedemann Holdings Inc., a newly-formed dollars manager for the tremendous rich.
Colleen Graham started off March 6 as world wide basic counsel at Alvarium Tiedemann, in accordance to two folks acquainted with the subject. Her LinkedIn profile also states that she now is effective for the prosperity supervisor.
At Alvarium Tiedemann, Graham has reunited with former Credit Suisse To start with Boston govt Michael Tiedemann, who merged his Tiedemann Advisors LLC with Alvarium Investments Ltd. and Cartesian Growth Corp., a special goal acquisition organization. Graham expended far more than two a long time performing for Credit rating Suisse, its predecessors and affiliates, in accordance to public documents.
Graham’s two previous employers, SVB and Credit rating Suisse, are at the middle of around the world turmoil in the monetary sector.
UBS Team AG introduced Sunday it was acquiring Credit rating Suisse for 3 billion francs ($3.2 billion) in a government-brokered offer to stem contagion as a result of the international economical system. SVB filed for bankruptcy March 17 after depositors in its subsidiary, Silicon Valley Lender, raced to withdraw their dollars next endeavours by the previous mother or father company to shore up its funds.
Graham did not reply to a request for comment.
She was most recently the basic counsel for SVB’s private banking and prosperity management device ahead of leaving final month, in accordance to Graham’s LinkedIn profile. She was hired in 2019 as general counsel for Boston Non-public Fiscal Holdings Inc., which SVB paid $900 million to purchase in 2021.
SVB posted a career opening for Graham’s former common counsel placement prior to the failure of Silicon Valley Financial institution, which was place into a US governing administration receivership a week back. The listing has been up to date to notice that SVB is no more time accepting purposes for the position.
SVB’s previous best in-property law firm, basic counsel Michael Zuckert, is also no extended doing the job for the firm but will proceed to provide products and services to Silicon Valley Bank, in accordance to a March 17 securities filing.
Credit history Suisse
Graham beforehand held a variety of positions for Credit Suisse.
Her part leading a application joint enterprise amongst the Zurich-dependent fiscal giant and information analytics organization Palantir Technologies Inc. eventually place Graham at odds with Credit rating Suisse, which she accused of retaliating in opposition to her in excess of an accounting dispute.
Homburger, a Swiss law company that worked with Credit rating Suisse in that make a difference, is presently advising the lender on its sale to UBS.
Credit Suisse, represented by Latham & Watkins, sued Graham in 2021 in search of to finish an arbitration situation she initiated against the bank. Robert Kraus, a lawyer symbolizing Graham in that litigation in a New York federal court, did not respond to a ask for for remark about its standing.
A Feb. 8 court docket filing in that dispute reveals that Credit history Suisse’s lawsuit against Graham was “voluntarily dismissed” devoid of prejudice towards the defendant.
Alvarium Tiedemann began buying and selling in January on the Nasdaq stock trade subsequent the completion of the very long-delayed blend in between Alvarium, Tiedemann, and Cartesian. Goodwin Procter encouraged Alvarium on that deal, when Greenberg Traurig and Seward & Kissel took the direct for Cartesian and Tiedemann, respectively.
Kevin Moran, a former lawful main for Tiedemann’s company, is now chief operating officer for Alvarium Tiedemann, which has tapped yet another ex-Tiedemann in-home attorney, Whitney Fogle Lewis, to be normal counsel and main compliance officer for US prosperity administration, in accordance to the company’s internet site.