Paul Saltzman, who left his position earlier this year as the head of Deutsche Bank’s Americas global transaction banking, is joining White & Case as a partner in its growing global banking practice in New York.
“I think it’s just an unbelievable opportunity to take what has been a very successful practice and really utilize my skill sets to grow and build an even more successful one,” Saltzman said, praising White & Case’s “global network and its history of representing financial institutions.”
Over the past three decades, Saltzman has built a varied career representing interests in the financial services industry.
A former Skadden, Arps, Slate, Meagher & Flom structured finance associate, Saltzman began his in-house career at American securities firm Kidder, Peabody & Co., now known as PaineWebber. From there he joined the Bond Market Association in 1995 as its general counsel.
After nearly a decade at the international trade group, Saltzman went on to join electronic bond trading platform eSpeed, and investment and financial services groups Ellington Management Group and The Clearing House Association in various senior executive positions.
In May 2015, Saltzman joined Deutsche Bank as vice chairman and executive sponsor to handle its comprehensive capital analysis and review (CCAR), a regulatory process used by the Federal Reserve to assess and supervise banks and other financial institutions.
Known as the “CCAR czar,” Saltzman then transitioned in 2017 to become Deutsche Bank’s vice chairman and Americas head of global transaction banking, before leaving the lender in March of this year.
Since then, Saltzman said, he’s been contemplating his next step, ultimately deciding to return to the practice of law, where his career began.
“I thought a law firm was a good platform to leverage [my] experience and really get the breadth and the scope [of exposure] that really wouldn’t happen if I worked for any one particular institution,” Saltzman said.
In his new role at White & Case, Saltzman will work with banks and other financial services firms and their boards on regulatory and supervisory issues, as well as other legislative, transactional and compliance matters. He said he’s particularly eager to work with clients as they navigate the emerging field of financial services technology.
“There’s no question that there’s a digital transformation happening in the industry, [and] how those emerging technologies will be viewed by both regulators and the regulation is going to be an important part of our growing practices,” Saltzman said.
“Given my experience at Deutsche Bank, running regulatory remediation, dealing with a host of supervisory issues, I think that’s going to be a cornerstone of my practice representing boards and banks trying to navigate the complicated regulatory framework,” he added.