Biography: Banking

Mr Douglas is a partner in Davis Polk's financial institutions group, heading the firm's bank regulatory practice and focusing on bank restructuring and resolutions and other issues arising from the current banking and financial crisis. He has been involved in some of the most difficult and sensitive matters during the crisis, including advising the boards of directors of Indymac and Bank United, counselling Citigroup with respect to FDIC matters, advising various parties on the fallout from the failure of Washington Mutual and advising various private equity firms on proposed investments in troubled or failed banks.

He was appointed general counsel of the Federal Deposit Insurance Corporation in 1987 and continued in that capacity through 1989. This was a period of unprecedented stress on the financial system, and he was involved in the major bank failures and restructurings of the late 1980s, participated in the landmark Financial Institutions Regulatory Reform and Restructuring Act of 1989 and assisted in the organisation of the Resolution Trust Corporation.

His work highlights include leading the recapitalisation of Sterling Bank ($725 million in new capital infused by Warburg Pincus and TH Lee) and Synovus ($1.1 billion in new capital); TH Lee's $525 million recapitalisation of First Banc Corp of Puerto Rico, and assisting in the acquisition of Alostar Bank of Commerce by four private equity funds; Wachovia Corporation's acquisition of CoreStates Financial Corp, First Fidelity Bancorporation and Westcorp; and Bank of America's strategic alliance and outsourcing venture to provide electronic bill payment and presentment, involving a $500 million equity investment. He has also represented a consortium of 18 of the nation's largest banks and a technology company to form the largest provider of home banking services; six major international banks and a card association in the formation of a major global payments processing company; CheckFree Corporation in obtaining direct access to the major funds transfer systems, allowing it to move over $2 billion each business day; and one of the world's largest asset management companies in the formation and subsequent acquisition of a series of national trust banks.

Mr Douglas has been listed in numerous guides to the world's leading business lawyers, including: Chambers USA: America's Leading Lawyers for Business; Woodward/White's The Best Lawyers in America; Euromoney's Expert Guide to the World's Leading Banking Lawyers; Law Business Research's Who's Who Legal – The International Who's Who of Banking Lawyers; and The Financial Times' Who's Who Legal International (Banking). He was named 'Lawyer of the Year' in Washington DC Financial Services Regulation Law by 2012 Best Lawyers. He was also named to the 'BTI Client Service All-Star Team', a group of 113 lawyers recognised for exceptional service to Fortune 100 clients.

He held the position of director, at the Financial Services Volunteer Corporation, a non-profit organisation assisting countries as they work to develop strong banking and capital markets systems; in that capacity, he has advised the governments of Russia, Indonesia and Egypt, among others.

He is a member of the Financial Markets Tribunal, Dubai Financial Services Authority and the executive committee, University of North Carolina Law School's Banking Law Institute. He is also a member of the executive committee, Rising Star Outreach, a non-profit organisation assisting those affected by leprosy in India.

He has been partner at Davis Polk from 2009 to the present.

Biography: Capital Markets

Mr Douglas is a partner in Davis Polk's financial institutions group, heading the firm's bank regulatory practice and focusing on bank restructuring and resolutions and other issues arising from the current banking and financial crisis. He has been involved in some of the most difficult and sensitive matters during the crisis, including advising the boards of directors of Indymac and Bank United, counselling Citigroup with respect to FDIC matters, advising various parties on the fallout from the failure of Washington Mutual and advising various private equity firms on proposed investments in troubled or failed banks.

Mr Douglas was appointed general counsel of the Federal Deposit Insurance Corporation in 1987 and continued in that capacity through 1989. This was a period of unprecedented stress on the financial system, and he was involved in the major bank failures and restructurings of the late 1980s, participated in the landmark Financial Institutions Regulatory Reform and Restructuring Act of 1989 and assisted in the organisation of the Resolution Trust Corporation.

Mr Douglas is regarded as one of the leading bank insolvency lawyers in the nation.

His work highlights include advising Wachovia Corporation in its acquisition of CoreStates Financial Corp, First Fidelity Bancorporation and Westcorp; Bank of America in a strategic alliance and outsourcing venture to provide electronic bill payment and presentment, involving a $500 million equity investment; a consortium of 18 of the nation's largest banks and a technology company to form the largest provider of home banking services; six major international banks and a card association in the formation of a major global payments processing company; CheckFree Corporation in obtaining direct access to the major funds transfer systems, allowing it to move over $2 billion each business day; and one of the world's largest asset management companies in the formation and subsequent acquisition of a series of national trust banks.

Mr Douglas has been listed in numerous guides to the world's leading business lawyers, including: Chambers USA: America's Leading Lawyers for Business; Woodward/White's The Best Lawyers in America; Euromoney's Expert Guide to the World's Leading Banking Lawyers; Law Business Research's The International Who's Who of Banking Lawyers; and The Financial Times' Who's Who Legal International (banking).

Mr Douglas was also named to the BTI Client Service All-Star Team, a group of 113 lawyers recognised for exceptional service to Fortune 100 clients.

Mr Douglas is the director of Financial Services Volunteer Corp, a non-profit organisation assisting countries as they work to develop strong banking and capital markets systems; in that capacity, he has advised the governments of Russia, Indonesia and Egypt, among others. He is a member of Financial Markets Tribunal and Dubai Financial Services Authority, as well as a member of the executive committee of the University of North Carolina Law School's Banking Law Institute. Mr Douglas is also a member of the executive committee of Rising Star Outreach, a non-profit organisation assisting those affected by leprosy in India.