Locke R. McMurray

Locke McMurray's practice focuses on derivatives, securitization, and other financial products and spans the full spectrum of transactional, regulatory, and dispute resolution matters.

Locke regularly counsels foreign and domestic banks, swap dealers and other financial institutions, financial market utilities (FMUs), investors, and corporate clients on regulatory matters, transaction structuring and documentation for swaps, repos, and exchange-traded futures. He has significant experience with the generation and trading of carbon credits and with capital relief transactions involving credit default swaps and credit-linked notes.

Locke additionally analyzes financial transactions from a litigation perspective, particularly in relation to derivatives termination and valuation questions, the Uniform Commercial Code, fraudulent conveyances, and the rights and obligations of various securitization deal participants, including investors, collateral managers, trustees, and swap counterparties. He has rendered many legal opinions on a variety of netting, legal isolation, and secured transaction matters and was a founding member of Jones Day's LIBOR (London Interbank Offered Rate) transition team.

Prior to Jones Day, Locke served as global legal head for fixed income and equity derivatives, rates trading, and securitized products at Merrill Lynch; as regional head for the Americas for the sales and trading and investment banking platform at BNP Paribas; and as global head of derivatives legal at the Lehman Brothers Chapter 11 bankruptcy estates. He also participated in a foundational study for the United States government of public key infrastructure in the early 1990s and in multiple global legal reform efforts.