Tom Cochran is a Partner in the Finance Department of the London office of Latham & Watkins and a member of the Structured Finance Practice. He is also a member of the firm’s Opinions & Confirmations Committee.

Mr. Cochran’s experience across asset classes includes advising on transactions collateralized by trade receivables, NPLs, residential mortgage loans, unsecured personal loans, auto loans, credit card receivables, FinTech-related financial assets, corporate loans (CLOs and direct lending), and other esoteric asset classes. The transactions have arisen in the context of portfolio acquisitions, corporate restructurings, broader M&A transactions, as well as ongoing treasury management, each of which have demanded bespoke financing solutions. He has advised on the full breadth of securitization structures from traditional public securitizations to private conduit-funded warehouse financings.

Mr. Cochran has also advised on a number of structured trade and energy related finance transactions, including gas and power financings, commodity receivables securitizations for large energy traders, freight receivables securitizations, inventory and commodity backed structured finance transactions, and structured supply chain finance solutions.

Prior to joining Latham & Watkins, Mr. Cochran was an executive director at Goldman Sachs supporting its securitization and structured finance businesses.

Mr. Cochran’s transactional experience includes advising:

  • J.P. Morgan on a £300 million securitization of unsecured salary-deduction loans originated by Salary Finance
  • Barclays on a novel £700 million financing backed by Supplier of Last Resort energy-related receivables originated by Octopus Energy
  • Tamara, a shopping and payments platform, on a first-of-its-kind US$150 million securitization of buy-now-pay-later receivables originated in The Kingdom of Saudi Arabia
  • Lowell, a leading European non-performing debt purchaser, in connection with a first-of-its-kind rated £300m (GBV) securitization of unsecured UK consumer NPEs
  • J.P. Morgan in connection with a £200 million securitization of credit card receivables originated by New Wave Capital (trading as Capital on Tap)
  • The arrangers on the wholesale restructuring and refinancing of a £400 million private securitization of UK second-lien residential mortgage loans
  • Blackstone on UK aspects of SESAC’s 2022-1 musicroyalty-backed whole-business securitization
  • Startline Motor Finance on its inaugural £292 million UK STS and London-listed auto-loan public securitization
  • Goldman Sachs on its US$150 million receivables securitization for Splitit, a buy now, pay later provider
  • J.P. Morgan as the arranger of a first-of-its-kind €150 million energy receivables securitization established for Public Power Corporation (PPC)
  • DE Shaw on its mezzanine investment in an innovative private financing/securitization for Casavo S.p.A, an Italian PropTech firm 
  • A financial institution in connection with a private securitization of bridging and development mortgage loans
  • Goldman Sachs on its proposed purchase of a €3 billion portfolio of Spanish residential mortgage loans known as Project Prometeo
  • On other portfolio acquisitions of residential mortgage loans and unsecured personal loans (including, through portfolio call options) and associated bridge financing and/or follow-on or “exit” securitization transactions
  • Christofferson Robb & Company on the purchase and financing of a French NPL portfolio from Credit Logement
  • On the establishment of an NPL joint venture platform for a European credit management specialist and third-party investor, as well as multiple private securitizations of unsecured NPLs
  • On delivering global trade receivables securitizations for large chemicals groups*, various commodity traders*, and a global shipping group (with experience in over 30 jurisdictions)
  • J.P. Morgan on a €180 million auto-lease securitization for Autohellas, the largest national franchisee of Hertz International
  • On behalf of leading international banks in connection with a number of UK and South African auto-loan and lease securitizations 
  • J.P. Morgan on a SEK2 billion securitization of Swedish personal loans originated by Resurs Bank
  • On a range of other private personal loan/credit securitizations in the UK, Spain, Sweden, Finland, and other European jurisdictions
  • KKR in respect of financing arrangements relating to the purchase of a £500 million credit card portfolio by Jaja, a UK FinTech lender
  • On a number of other private credit card securitizations, including in the UK and Greece
  • On the structuring and regulatory advice for CLOs and CLO risk retention vehicles 
  • On the wholesale restructuring of a European bank’s ABCP conduit program* 
  • On a range of matters relating to certain central bank funding facilities available under the Bank of England’s Sterling Monetary Framework* 

*Matter handled prior to joining Latham 

Bar Qualification

  • England and Wales (Solicitor)


  • LPC, BPP Law School, London, 2007
  • Graduate Diploma in Law, Oxford Brookes University, 2006
  • BA in Modern History, Magdalen College, Oxford University, 2005