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Securities and Derivatives

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SEDA Experts

Securities &

Derivatives.

Former senior executives who ran global practices at both commercial and investment banks. Our experts covered instruments such as equities, fixed income, credit and interest derivatives as well as options, futures and warrants. Our experts have solid knowledge and experience in trading platforms, exchanges, central clearing as well as exchange traded instruments (ETFs).

PRACTICE AREA  · EXPERT WITNESS & CONSULTING

Related Experts

About this practice

PRACTICE OVERVIEW

Our experts have provided opinions and testimony on high-stake matters involving issues related to exchanges operational issues, policy and procedures, best market practices and regulatory requirements, as well as disputes in connection with central counterparty clearing, warrants agreements, interest rate and credit default swaps, trade secrets, equities and fixed income trading, among other issues.

Our practitioners bring direct experience as senior traders, heads of trading desks, and derivatives specialists across global markets — enabling credible and authoritative testimony on complex securities and derivatives disputes.

We cover the full spectrum from exchange-traded to OTC markets, including equity and fixed income trading, listed and OTC derivatives, structured products, securities lending, and prime brokerage arrangements.

WHY SEDA

Former global heads of equity, fixed income, and derivatives trading at Goldman Sachs, Deutsche Bank, and other leading institutions — direct transactional and market expertise.

Deep expertise in OTC derivatives documentation (ISDA), central counterparty clearing, exchange rules, market microstructure, and securities lending — across global markets.

Experience in warrants, interest rate and credit default swaps, trade secrets, equities and fixed income trading, and best execution obligations.

SUB-PRACTICE  AREAS

Areas of expertise

01

OTC Derivatives & ISDA

Related: Alternative Asset Classes · Risk Management

02

Exchange Operations & CCP Clearing

Related: Algorithmic Trading · Risk Management

Expert testimony on OTC derivatives transactions, ISDA master agreement interpretation, close-out netting, credit support annexes (CSA), and disputes arising from termination events.

Expert opinions on equity and fixed income trading practices, best execution obligations, market impact, securities lending, prime brokerage, and short-selling disputes.

03

Equity & Fixed Income Trading

Related: Algorithmic Trading · Capital Markets

Analysis of exchange operational issues, exchange rules, central counterparty clearing obligations, margin disputes, and the obligations of clearing members in CCP default scenarios.

04

Structured Products & Warrants

Related: Alternative Asset Classes · Financing

Expert testimony on structured notes, warrants, convertible securities, and other equity-linked products — including pricing, documentation disputes, and issuer obligations.

Related Experts
Joanne M. Hill

Joanne M. Hill

Bio

Managing Director

Joanne has over 30 years of experience in investment strategy and asset management with a focus on index and quantitative products, derivatives, and exchange traded products (ETFs and ETNs). She has been instrumental in the growth and expansion of the ETF industry.

Former 

ProShares - Head of Institutional Investment Strategy

CFA Institute Research Foundation - Chair and Board Member

Peter U. Vinella, Ph.D.

Peter U. Vinella, Ph.D.

Bio

Managing Director, Advisor to the Board

Peter U. Vinella has more than 35 years of experience in the financial industry as a consultant and as an executive with leading financial institutions and government agencies. Mr. Vinella has extensive testifying experience acting as an expert for both plaintiff and defendant over more than 40 engagements.

Former 

Berkeley Research Group - Managing director

Wilmington Trust Conduit Services, LLC - President and CEO

Todd Hohman

Todd Hohman

Bio

Managing Director

Todd Hohman has over 25 years of experience in financial markets, specializing in algorithmic and systematic trading and execution across equities, options, futures, and ETFs, with expertise in high-frequency trading, dark pools, central risk books, trading automation, risk management, and payment for order flow.

Former

Goldman Sachs - Head EMEA One Delta Trading and Execution, Co-Head Global Systematic Trading. Head Global Quant Vol

Louise Pitt Brindle

Louise Pitt Brindle

Bio

Senior Advisor

Louise Pitt Brindle is a credit expert with 27 years of experience, specializing in global financial institutions. She most recently served as Principal and Head of Research at RPIA and previously held senior roles at Goldman Sachs, with expertise spanning fixed income, corporate credit, ESG, and private debt.

Former

RPIA - Principal Head of PM Research

Goldman Sachs - Vice President

Bradley Ziff

Bradley Ziff

Bio

Managing Director

Bradley Ziff is a world class expert in counterparty and credit risk, the LIBOR transition and issues surrounding central clearing as a risk mitigant. Over the past thirty years, Brad has led multiple global benchmarking projects focusing on different aspects of capital and financial markets.

Former

FTI Consulting - Managing Director

ISDA - Chief Executive 

Fidelio Tata, Ph.D.

Fidelio Tata, Ph.D.

Bio

Managing Director

Dr. Tata is an internationally recognized expert in financial markets and the investment industry with nearly thirty years of experience. He is a full-time Professor of finance at the International School of Management in Berlin. He is also a publicly appointed and sworn expert for German courts, providing independent opinions on securities, derivatives, and digital assets.

Former

Berlin School of Economics and Law - Professor of Finance

Zeb Consulting - Senior Consultant

Société Générale - Managing Director, Head of U.S. Interest Rate Strategy

RBS - Managing Director, Chief Rates Derivative Strategist

HSBC - Senior Vice President, Head of Interest Rate Derivatives Strategy


Howard Yaruss

Howard Yaruss

Bio

Managing Director

Howard Yaruss is an accomplished real estate expert, serving as an Adjunct Professor at New York University and as an expert witness in mortgage, financial guaranty, and title insurance matters. He previously held senior leadership roles at Radian Group Inc., including Executive Vice President, General Counsel, and Chief Responsibility Officer.

Former

Radian Group Inc. - Executive Vice President, General Counsel, Corporate Responsibility Officer

Assured Guaranty, Ltd. - Vice President, Assistant General Counsel

Timothy J. Davies

Timothy J. Davies

Bio

Managing Director

Timothy J. Davies is a global equities and investment management expert with more than 25 years of experience managing institutional equity portfolios across Australia, China, Asia, Europe, and North America.

Former

Ellerston Capital - Portfolio Manager

Holon Global Investments - Director of Research


Benedict Roth

Benedict Roth

Bio

Managing Director

Benedict's expertise spans counterparty credit risk, market risk and financial engineering, with a focus on traded risk, emerging infrastructures, and the interaction between risk, regulation and business strategy.

Former

Zodia Markets - Chief Risk Officer

Bank of England - Chief Risk Officer, Ministry of Housing, Communities and Local Government


Alexander J. Matturri

Alexander J. Matturri

Bio

Managing Director

Alex Matturri is the former Chief Executive Officer of S&P Dow Jones Indices, where he led the organization’s transformation from a primarily U.S.-focused equity index business into a global index provider operating across asset classes and distribution channels.

Former

S&P Dow Jones Indices - Chief Executive Officer, Executive Managing Director

Northern Trust Asset Management - Senior Vice President

John Hardt

John Hardt

Bio

Managing Director

John has 40+ years of experience in global financial markets, with senior leadership roles in treasury, risk, and capital markets. Based in New York and London, he has worked across retail, wholesale, and investment banking, including as Group Corporate Treasurer of Lloyds TSB Group and in senior roles at UBS, Goldman Sachs, and Citigroup.

Former

Citigroup - Risk Identification Lead, Enterprise Risk Management

Goldman Sachs - Managing Director

UBS - Managing Director and Head of Capital Optimization



Barbara Mullaney Pendrill

Barbara Mullaney Pendrill

Bio

Managing Director

Barbara is a seasoned financial services executive with extensive expertise in retail financial services and regulatory engagement. In a career that spanned the globe, she held senior roles in derivatives, structuring and latterly retail banking that gave her extensive insight into areas such as retail structured products, margin lending, disclosures and suitability.

Former

Arthur Anderson - Auditor

Citigroup - MD, Global Head of Relationship Management & Business Development

Dylan Roy

Dylan Roy

Bio

Managing Director

Dylan Roy is a fixed income expert with a 30-year career spanning foreign exchange, rates, and risk management. After a decade trading interest rate products globally, he held senior roles at UBS, including Americas Head of FX, Rates and Credit, and later Global Co-Head of Fixed Income Trading.

Former

UBS - Managing Director, Global Co-Head of Fixed Income Trading

UBS - Americas Head of Foreign Exchange, Rates, and Credit

Shiva Bavamala

Shiva Bavamala

Bio

Managing Director

Shiva Bavamala has more than 24 years of experience in finance and banking, specializing in market risk, counterparty risk, credit derivatives, OTC markets, OTC derivatives, and advanced financial modelling. He is the former Head of European Corporate Credit at Barclays Bank and has held senior roles across global financial institutions.

Former

IHS Markit - Consultant

Barclays Bank - Head of European Corporate Credit


Philip A. Olesen

Philip A. Olesen

Bio

Managing Director

Philip Olesen is a global credit sales and trading professional with over 25 years of leadership and expertise in credit trading, risk management, and investment banking. With a distinguished career primarily at UBS Investment Bank, he has been involved in all credit products including bonds, loans, CDS and structured credit products including correlation risk.

Former

UBS Investment Bank - Managing Director, Global Head of Credit Trading

Managing Director, Head of Global Correlation

Managing Director, Global Risk Manager - Credit

Reza Dibadj

Reza Dibadj

Bio

Managing Director

Professor Reza Dibadj is a recognized expert in corporate and securities law, antitrust, financial regulation, and complex litigation, with a professional career spanning three decades.

Former

University of San Francisco School of Law -  Professor, Marshall P. Madison Chair, Dean’s Circle Scholar, Associate Professor

University of California, Berkeley School of Law - Lecturer-in-Residence, full-time faculty; Visiting Professor

Edward Wilson

Edward Wilson

Bio

Managing Director

Edward Wilson is an expert in derivatives, capital and liquidity oversight, and prime services. He has served as Chief Risk Officer and Managing Director at leading global financial institutions, with responsibility for firmwide risk frameworks, balance sheet strategy, clearing and margin methodologies, and complex trading platforms.

Former

Global Atlantic Financial Group - Managing Director, Chief Risk Officer

Goldman Sachs & Co., New York - Managing Director, Global Head of Prime Services Risk, , Head of Global Liquidity Products


Kenneth Tananbaum

Kenneth Tananbaum

Bio

Managing Director

Kenneth Tananbaum has over 35 years of experience in trading and investing, with deep experience in derivatives, convertible securities, and capital structure strategies. His work includes managing money for third party investors through multiple market cycles, including periods of market stress.

Former

Norcap Investment Management - Board of Managers & Portfolio Manager

Palisade Capital Management - Consultant


Robert MacLaverty

Robert MacLaverty

Bio

Managing Director

Robert MacLaverty provides financial, economic, and testifying expert services to leading law firms, investment banks, pension funds, endowments, and foundations.

Former

Berkeley Research Group, LLC - Managing Director

Credit Suisse - Vice President

John Feeney, Ph.D.

John Feeney, Ph.D.

Bio

Managing Director

Dr. Feeney has over 35 years in trading and management roles in financial markets across most asset classes. He has worked for National Australia Bank, Commonwealth Bank, Citibank and Macquarie Bank. Over this time, he has traded and managed interest rate derivatives, foreign exchange, traded credit, commodities and funding businesses.

Former

National Australia Bank - Head of Conduct, Corporate and Institutional Bank

Commonwealth Bank of Australia - Head of Trading

Rubin Rajendram

Rubin Rajendram

Bio

Managing Director

Rubin Rajendram has 25+ years of global experience in quantitative finance, derivatives trading, risk management, and model development. His expertise spans interest rates, FX, credit, inflation, and equity derivatives, with a focus on exotic and hybrid products and advanced analytics. He has worked across major financial centers including Singapore, Sydney, New York, London, and Hong Kong.

Former

Goldman Sachs - Executive Director

Deutsche Bank - Director

Royal Bank of Scotland - Head, Rates + FX Index Trader/Structurer Head, USD and EUR Rates Exotics

Tim Davies

Tim Davies

Bio

Managing Director

Tim Davies is a seasoned foreign exchange and derivatives expert with over 25 years of global experience across financial markets. He brings deep expertise in the structuring, advisory, sales, and trading of FX and FX derivatives, combined with a strong background in treasury risk management.

Former

Comonwealth Bank of Australia - Director of FX Structuring

Lloyds Bank - Director of FX Structuring

Stephen Laughton

Stephen Laughton

Bio

Managing Director

Stephen Laughton has 25+ years of experience in interest rate products, derivatives, and government bond trading. He specializes in structured products, valuation, risk, and regulation, with deep expertise in benchmark rate construction including LIBOR, SOFR, EONIA, and OIS.

Former

ABN AMRO, London and Tokyo - Managing Director, Global Head of Rates Options & Exotics Trading

Royal Bank of Scotland London - Managing Director, Co-Head of Fixed Income Run-off and Recovery

Commerzbank London - Managing Director, Head of Financial Market Services

Kevin M. Murphy

Kevin M. Murphy

Bio

Managing Director

Kevin Murphy has spent over 30 years in financial markets and is an acknowledged expert in equity markets, risk and structured products. He is presently a partner at Sachs Capital Group Asset Management overseeing Trading, Risk and Product Development after leadership roles at several global investment banks.

Former

Barclays Capital - Managing Director, Global Equities Head of Risk, Capital and Platforms

Global Head of EFS Solutions Business


James O'Connor

James O'Connor

Bio

Senior Advisor

Mr. O’Connor has over 30 years of experience in global financial markets, with unique expertise in prime brokerage, inventory management, securities lending, repo, asset-based financing, and liquidity and counterparty risk management. His career spans senior leadership roles at major investment banks and asset managers across North America, Europe, and Asia.

Former

Aperture Investors LLC - President, Chief Operating Officer

Och-Ziff Capital Management - Head of Business Management, Head of Portfolio Finance

Goldman Sachs - Managing Director

Peter Selman

Peter Selman

Bio

Managing Partner

Peter Selman has over 25 years of experience in the finance industry spanning global equities and derivatives, as the former Head of Global Equities at Deutsche Bank, and the Co-head of Global Equity Trading at Goldman Sachs.

Former

Deutsche Bank  - Global Head of Equity 

Goldman Sachs - Co-Head of Global Equity Trading 

Rakesh Manani

Rakesh Manani

Bio

Partner - Head of Asia Pacific

Mr. Manani brings nearly 30 years of experience in asset management, capital markets, derivatives and institutional financing. Throughout his career at Goldman Sachs, he held senior positions across Europe, Asia and Australia, advising and working with leading asset managers, hedge funds, pension funds, sovereign wealth funds and institutional investors.

Former

Goldman Sachs - Member, Goldman Sachs Australia & New Zealand Operating Committee, Head of Asset Management Client Business, Australia & New Zealand


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