Chris McGarry

Partner, London

Biography

Overview

Chris McGarry advises arrangers, issuers and investors on securitisations including collateralised loan obligations, consumer asset-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities and esoteric asset classes such as commodities and whole-business securitisations. Chris served as a Knowledge Partner to the G20 Sustainable Finance Study Group and in this role co-authored the G20 white paper on sustainable finance the main recommendation in which has been adopted by the ECB with effect from 2021. Chris is also partnering with UN Women to develop innovative financing structures aimed at financing the delivery of gender equality by 2030. 

Bars and Courts
Solicitor, England and Wales
Education
LLB
University of Edinburgh
LPC & PGDL
BPP Law School
Languages
English

Experience

Representative transactions include advising:

  • Arrangers and managers on >50 EUR CLOs. Recent transactions include advising:
    • Morgan Stanley as arranger and initial purchaser of a refinancing of €260.8 million Class A-1 Notes issued by Oak Hill European Credit Partners V DAC for Oak Hill Advisors (Europe), LLP. 
    • Goldman Sachs International as arranger and placement agent of the €436.2 million reset of St. Paul's CLO II DAC for Intermediate Capital Managers Limited.
    • BNP Paribas as arranger and initial purchaser of the €407.5 million new issue of BNPP AM EURO CLO 2019 for BNP Paribas Asset Management.
    • Morgan Stanley as arranger of Toro European CLO 6 for Chenavari Credit Partners.
    • BNP Paribas as arranger of BNPP AM Euro CLO 2019
    • Bank of America Merrill Lynch as arranger of St Pauls CLO XI for ICG.
    • Morgan Stanley as arranger of OZLME VI CLO for Och-Ziff.
    • Credit Suisse as arranger of Euro-Galaxy VII for PineBridge.
    • Greensledge/NatWest as arranger of Crosthwaite Park for GSO.
    • BNP Paribas as arranger of Carlyle Euro CLO 2019-1 for Carlyle.
  • Zodiac Holdings, LLC and Nucleus Investments, LLC as risk retainers in respect of the CMBS notes issued by ERNA S.R.L.
  • The Bank of England and The People's Bank of China in our capacity as Knowledge Partner to the G20 Sustainable Finance Study Group responsible for developing new global rules for sustainable CLOs and securitization.
  • Amigo Holdings PLC on the establishment of their GBP200 million guarantor loan securitisation programme.
  • Trafigura on the establishment of the world's first "true sale" commodities securitisation programme financing crude oil and refined metals inventories in jurisdictions across Europe, the Middle East and Asia-Pacific.
  • The Government of Ghana on the establishment of the E.S.L.A energy levy securitisation programme.
  • Barclays on the securitisation aspects of Shop Direct Funding plc's debut Senior Secured Notes offering.
  • Bank of America Merrill Lynch and Morgan Stanley as arrangers on Lloyds Bank's credit card securitisation programme.*
  • Bank of America Merrill Lynch and Deutsche Bank as the arrangers of the first Irish credit card securitisation for AIB.*
  • Trafigura on the only publicly rated and traded global trade receivables securitisation programme.*
  • Virgin Media on the establishment of the first UK handset loan securitisation.*
  • Virgin Media on the establishment of the world's first Receivables Financing Notes programme.*
  • Shop Direct on their UK consumer receivables securitisation programme.*
  • Europcar on their pan-European rental fleet securitisation.*
  • Kensington on their RMBS programmes.*
  • Jerrold Holdings / Together on the establishment of their RMBS programme.*

*Matters worked on prior to joining White & Case

Awards and Recognition

The Lawyer Hot 100 2020 – Chris McGarry

Legal 500 2019 "Leading Individual for securitisation" 

Winner STANDOUT deal in 'accessing new markets and capital' 
FT Innovative Lawyers Awards Europe 2018 

Individually "Commended" 
FT Innovative Lawyers Awards Europe 2018

Winner Commodity Trading Company Deal of the Year
TXF Awards 2018

Winner Best Deal
Trade Finance Awards 2018

Winner Best Deal
Global Trade Review Awards 2018

Winner Structured finance and securitisation deal of the year 2018
IFLR Asia

Shortlisted for Finance Team of the Year 2018
The Lawyer

Shortlisted for Finance Team of the Year 2018
Legal Business

Winner Finance Team of the Year 2017
Legal Business 2017*

Winner High Yield Deal of the Year 2017
IFLR 2017*

Shortlisted for Structured finance and securitisation deal of the year 2017
IFLR 2017*

Shortlisted for Structured finance and securitisation team of the year 2017
IFLR 2017*

*While at a previous firm