Shearman & Sterling capital markets partner Lona Nallengara has been hired as deputy director for legal and regulatory policy in the Securities and Exchange Commission's Division of Corporation Finance.
Nallengara will work on the division’s extensive Dodd-Frank Act rulemakings, as well as focusing on “potential proposals to enhance the U.S. proxy system and initiatives to ease compliance burdens and facilitate capital formation for small business,” according to the SEC.
The Division of Corporation Finance’s mission is to see that investors are provided with material information in order to make informed investment decisions.
“I am delighted that Lona has agreed to join the division at this critical – and very busy – time for the agency,” said director Meredith Cross in a written statement. “His extensive capital markets background coupled with his experience in advising corporate issuers on governance matters and compliance with the federal securities laws will be invaluable to both the division and the commission in fulfilling our mission.”
According to his law firm bio, Nallengara’s experience includes representing Goldman Sachs and Morgan Stanley in connection with the high yield offerings to finance the acquisition of TXU Corp. by Kohlberg Kravis Roberts & Co. and The Texas Pacific Group.
He earned his law degree from Osgoode Hall Law School in Toronto.