Shearman & Sterling appoints partners for its Fintech Foundry
Shearman & Sterling has appointed partners Jennifer D. Morton and Mark Chorazak to lead its Fintech Foundry as part of its regular cycling of responsibility of firm initiatives.
Morton and Chorazak will lead the law firm’s efforts to develop partnerships with a range of stakeholders working in the fintech space including financial institutions, technology providers and regulators.
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Morton and Chorazak succeed Donna Parisi, the firm’s global head of financial services and founder of Shearman’s Fintech Foundry.
“This is a unique initiative that has made incredible progress since its launch in 2018,” said Parisi. “We’re proud to have built a strong network of innovators and entrepreneurs, creating an environment where collaboration and creativity fuels innovation. The combined experience of both partners, including Jennifer’s experience in securities and broker-dealer regulations and Mark’s understanding of banking regulations, will allow the team to continue its work with financial institutions and investors around the world.”
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The new fintech leadership team is focused on driving the program’s mission to support innovators, entrepreneurs and investors working to shape the financial services landscape.
“As the US regulatory environment for fintechs and AI continues to evolve, it’s a very interesting time to be in the space, advising financial institutions and fintechs on how they can realize their business strategies while ensuring compliance with the law,” said Morton.
“The integration of artificial intelligence into existing systems and capabilities presents enormous opportunities for financial institutions and fintechs,” said Chorazak.
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