Senior Knowledge Lawyer
Christopher Sullivan is a Knowledge lawyer, providing know-how and thought leadership support for the debt capital markets, securitisation and derivatives teams in London. Christopher provides bespoke training to clients and colleagues, identifies and comments on legal and industry developments, and helps to promote a culture of innovation and knowledge-sharing.
Prior to joining the firm, Christopher was a transactional lawyer in the capital markets practice of a magic circle law firm in London, where he was seconded to the legal and transaction execution teams at two international investment banks. Christopher trained and qualified as an associate in 2005 in the mining finance group at a Canadian law firm in Toronto.
Christopher is experienced in advising financial institutions and companies on legal aspects of multi-jurisdictional debt capital markets transactions. He has worked on whole business securitisations, auto loan securitisations, covered bonds, MTN programmes, mortgage-backed securitisations and structured finance restructurings.
- LL.B., University of Ottawa 2004
- B.A. (International Relations), University of British Columbia, 2001
- European Financial Stability Facility - on the syndicated issuance of €1.5 billion guaranteed fixed rate notes under a €241 billion guaranteed fixed rate MTN programme.
- Barclays Bank PLC - on the establishment of and £750 million issuance under a £5 billion multicurrency note programme by Arqiva Financing plc and on the establishment of a £200 million syndicated liquidity facility as parts of a broader refinancing by the Arqiva Group.
- Barclays Bank PLC - on an update to and US$1 billon issuance under its €25 billion covered bond programme by Swedbank Mortgage AB (publ).
- Citigroup, The Royal Bank of Scotland plc and Banco Santander S.A. - on the refinancing of BAA plc's regulated UK airports, comprising a debt issuance programme (into which BAA's existing US$4.8 billion bondholders migrated), £7.2 billion senior term and revolving credit facilities and a £1.6 billion junior financing all secured over the assets and cashflows of Heathrow, Gatwick and Stansted airports.
- Lloyds TSB Bank plc and other Joint Lead Managers - on an update to and €1.75 billion issuance under a €15 billion global covered bond programme.
- Japanese investment bank - on the disposal of a number of CLO portfolio manager subsidiaries.
- UK investment bank - on a €300 million revolving term loan facility as part of a restructuring of a Swedish mortgage lender.
- A syndicate of investors - on the Bilkreditt 3 securitisation of Norwegian auto loans originated by Santander Consumer Bank AS, which involved the issuance of €670 million and NOK2.2 billion Floating Rate Secured Notes by an Irish vehicle; the transaction was the first public Norwegian auto loan securitisation and the first to attract the new Prime Collateralised Securities (PCS) label.
- Banco Santander S.A. - on the establishment of a £1.3 billion securitisation platform backed by UK retail auto receivables originated by Santander Consumer (UK) plc, representing its first transaction in the UK auto securitisation market.
- French investment bank - on a securitisation of €187 million of Spanish retail auto receivables under a €5.6 billion variable funding note structure funded by an ABCP conduit.
- US investment bank - on a securitisation of US$886 million of UK retail auto receivables, representing the sponsor's first auto securitisation outside of the US.
- UK investment bank - on the restructuring and renewal of a £700 million UK master trust structure backed by UK dealer floorplan auto receivables funded by an ABCP conduit.
- German investment bank and a UK investment bank - on the establishment of and issuance under a €1.2 billion variable funding securitisation structure backed by German retail auto receivables.
- J.P. Morgan Securities Ltd. and The Royal Bank of Scotland plc - on the issuance of £1.3 billion floating rate notes as part of a securitisation by Britannia Building Society of residential mortgages originated by Platform Funding Limited and GMAC-RFC.
- Bank of Ireland Global Markets - on the establishment of a €4.5 billion securitisation backed by residential and buy-to-let mortgages.
- Lloyds TSB Bank plc, J.P. Morgan Securities Limited, Nomura and Barclays Capital - on a £3.4 billion issuance under Lloyds' Arkle Master Trust Programme backed by UK residential mortgage loans.
- The Royal Bank of Scotland plc - on the establishment by Greenock Funding No. 5 PLC of an originator trust securitisation backed by UK residential mortgages.
- Paragon Finance - on various issuances and updates under the Paragon Mortgages and First Flexible UK buy-to-let mortgage securitisation programmes.
- Barrister and Solicitor, qualified in Ontario (Canada) 2005
- Solicitor, qualified in England & Wales 2010
Memberships and activities
- LexisPSL Banking and Finance Consulting Editorial Board
- International Capital Markets Association prospectus and compliance working groups
- International Capital Markets Services Association trustee sub-committee
- Steering committee member of Norton Rose Fulbright's Pride LGBT+ employee network
This session covers current legal and practical issues affecting securitisation transactions..
November 7, 2016
This interactive workshop aims to build a strong foundation for those starting out in the structured finance industry..
November 1, 2016
The compromise text agreed at the end of June 2017 indicates that the new Securitisation Regulation will not be quite as bad as feared..
July 18, 2017
Third country equivalence will only get you so far under the final draft of the Prospectus Regulation, and there will be strings attached..
May 09, 2017