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Jenner & Block LLP is pleased to announce that Timothy A. Karpoff, former director of the U.S. Treasury Department's Office of Financial Institutions Policy, has joined the firm as a partner in our D.C. office. He will be a member of the firm’s Government Controversies and Public Policy Litigation Practice.
Tim joins the firm after serving five years with the Obama administration, primarily in the financial services regulatory space. In his most recent role with Treasury, he served as a senior policy staffer responsible for financial services reform priorities.
“We are delighted that Tim will be joining the firm,” said Jenner & Block Managing Partner Susan C. Levy. “His far-reaching experience collaborating with senior staff at numerous regulatory agencies like the CFTC, FDIC, Federal Reserve, OCC and SEC on policy matters will be a tremendous value-add.”
In Tim’s role as director, he oversaw significant parts of the Obama administration’s development of polices following passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. He worked on issues of bank capital and bank resolution, including how non-banks would be regulated at the federal level and how institutions should be regulated for liquidity. He also worked on cross-border issues, as well as the structural regulation of asset managers, bank holding companies and financial market utilities.
“Tim’s experience in the Obama administration will offer clients the counsel they seek in cutting-edge areas such as regulatory reform of OTC derivatives markets, banks and bank holding companies, asset managers, and high-frequency/algorithmic trading,” said David W. DeBruin, managing partner of Jenner & Block’s DC office.
Before joining Treasury, Tim served for more than two years as counsel to Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission (CFTC). In that role, Tim was involved in developing what would become Title VII of the Dodd-Frank Act, implementation of new rules, as well as oversight of the CFTC’s enforcement efforts from the Chairman’s office. He represented the CFTC on the Financial Stability Oversight Council’s (FSOC) steering committee, regularly negotiating with counterparts at the U.S. Securities and Exchange Commission, Federal Reserve and other agencies.
“There is a large—and growing—demand for regulatory advice,” said Thomas J. Perrelli, chair of Jenner & Block’s Government Controversies and Public Policy Litigation Practice. “Tim’s arrival allows us to offer hedge funds, private equity funds, and futures and commodity market participants counseling and representation in regulatory/compliance matters and enforcement actions. In addition, Tim’s knowledge of the bank regulatory space, will be a great help to both buy-side and sell-side clients. He is an energetic entrepreneur who we are confident is a great fit for the firm.”
Tim said of his arrival to Jenner & Block: “The firm has a reputation for representing a wide variety of financial institutions. I look forward to helping the firm expand its footprint in this regard."
Tim graduated with honors from the University of Chicago Law School. He previously clerked for the Hon. James G. Carr, Chief Judge of the U.S. District Court, N.D. Ohio.