Paul Weiss has hired a partner from O’Melveny & Myers to co-chair its financial services group. 

Bank regulatory lawyer Jarryd Anderson, who previously held senior in-house roles at Wells Fargo and TD Bank, has joined the firm as a partner in its corporate department. He is based in Washington DC and New York.

“We are thrilled to welcome Jarryd to our partnership,” said Paul Weiss chairman, Brad Karp. “He is highly regarded across the banking industry for his understanding of the financial services regulatory landscape, and he will be a wonderful resource to the firm and our clients.”

Anderson has joined the firm after a year at O’Melveny, before which he practised at WilmerHale and spent a combined six years at Wells Fargo and TD. Earlier he was a policy advisor to the board of governors of the Federal Reserve System, helping to implement aspects of the Dodd-Frank Act and the agency’s post-crisis recovery and resolution planning framework.  

Anderson advises US and non-US banks, other financial institutions, asset managers and fintech companies on M&A, governance and regulatory, supervisory and enforcement matters, Paul Weiss said. He regularly advises on issues arising under the Dodd-Frank Act, the Bank Holding Company Act and the Change in Bank Control Act and according to his biography on the firm’s website has worked with clients including Google and Apollo Global Management. 

Anderson also co-led an O’Melveny team that earlier this year advised the independent directors of First Republic on the troubled bank’s purchase by JPMorgan. 

He will serve as co-chair of Paul Weiss’s financial services group alongside New York-based partner Anastasia Peterson. 

Peterson, who has also worked on numerous matters for Apollo Global Management, said Anderson’s expertise would boost Paul Weiss’s ability to counsel clients on their most complex financial regulatory matters. 

“I couldn’t be more excited to co-lead the group alongside him, delivering to our clients the nuanced, commercial advice they look to us to provide,” she added. 

Anderson’s hire follows Paul Weiss’s eye-catching private equity raid on Kirkland & Ellis in September that saw it hire 12 partners from the firm in London and the US and open a new office in Los Angeles. Going the other way, it lost a trio of deals partners in New York to Sidley Austin earlier this week and in August saw the head of its London office, Alvaro Membrillera, defect to Kirkland. 

Meantime another US firm that boosted its regulatory offering recently was K&L Gates, which hired the co-chairs of Baker McKenzie’s North American financial regulation and enforcement practice, Jennifer Klass and Amy Greer, in New York in August.