Jenny Cieplak

New York
  • 1271 Avenue of the Americas
  • New York, NY 10020
  • USA

Jenny E. Cieplak advises financial services clients on a range of corporate, intellectual property, and regulatory issues arising in fintech and other technology transactions.

Ms. Cieplak provides broad-based corporate counsel to financial institutions, infrastructure providers, start-ups, and newly created consortiums. She advises clients on collaborative arrangements between users and creators of market infrastructure initiatives designed to transform sectors of the financial industry, including joint development, investment, and governance agreements. Ms. Cieplak’s insights into the process of technology development, the needs of financial industry users as well as the legal issues surrounding the creation of new technologies provide clients with a unique skill set and perspective.

Her work includes advising on:

  • Complex joint ventures, including matters focused on entity formation, ownership structure, corporate governance, intellectual property ownership and use, and exit strategies
  • Collaborative technology development arrangements, including joint development agreements, the use of open source software, and joint ventures
  • The implementation of new technologies, such as blockchain and distributed ledgers, and the development of innovative products, such as virtual currencies and blockchain-based assets
  • The technology agreements that are key to a company’s life cycle, from procurement, development, licensing, and hosting arrangements to M&A and exit transactions
  • The management of the IP and technology aspects of mergers and acquisitions, financings, capital markets, and other corporate transactions
  • The creation, operation, governance, and sale of electronic trading platforms, exchanges, swap execution facilities, clearinghouses, and data repositories

Ms. Cieplak’s experience includes advising:

  • A consortium of banks, including ABN AMRO Clearing, Bank of America, Barclays, Citi, Credit Suisse, Goldman Sachs, J.P. Morgan, Morgan Stanley, and UBS, in the creation of a Newco and the acquisition by such Newco of FIA Tech from The Futures Industry Association
  • Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, and Morgan Stanley in the creation of DirectBooks, a new platform to optimize the issuance process for fixed income instruments
  • R3 on creating both its enterprise licensing structure and a framework for operating business networks using its blockchain-inspired technology*
  • R3 and a consortium of global financial institutions in their initial collaborative exploration of distributed ledger and blockchain technology, followed by representation of R3 in the largest-ever investment in a distributed ledger technology provider, with investment from 44 global institutions*
  • Goldman Sachs and its wholly owned subsidiary SIMON Markets, an electronic platform for the distribution of structured investment products, in the sale of an equity stake in SIMON to Barclays, Credit Suisse’s NEXT Investors, HSBC, J.P. Morgan, Prudential, and another global bank*
  • BlackRock as a development partner with Intercontinental Exchange to create a centralized industry platform to facilitate creation and redemption orders for exchange-traded funds*
  • FXSpotStream — a multibank FX price aggregation service in which Bank of America Merrill Lynch, BNP Paribas, Citi, Commerzbank, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, and UBS act as liquidity providers — on a variety of matters as outside general counsel*
  • Goldman Sachs and its wholly owned subsidiary REDI, an electronic trading platform, in the sale of an equity stake in REDI to Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel, and Lightyear Capital*
  • Thirteen leading investment banks in a prepaid fee arrangement with a third party to fund the build-out of a swap data repository*
  • Eight leading commercial and investment banks in their investment in a data exchange, and accompanying restructuring regarding privacy and third-party technology service provider arrangements*
  • ICAP and its wholly owned subsidiary Traiana in the sale of an equity stake in Traiana to Bank of America Merrill Lynch, Barclays, Citi, Deutsche Bank, J.P. Morgan, Nomura, and Royal Bank of Scotland*
  • The Green Exchange — a designated contract market owned by a consortium including the Chicago Mercantile Exchange, Morgan Stanley, Goldman Sachs, J.P. Morgan, and other major market participants — on a variety of matters as outside corporate counsel, including in connection with its sale to the Chicago Mercantile Exchange*
  • Leading financial industry participants (including Citadel, Goldman Sachs, Morgan Stanley, ICAP (now CME/NEX), and another leading bank, in numerous strategic investments and acquisitions, such as:
    • ICAP (now CME/NEX) in its investment in and eventual acquisition of Enso Financial Management, a provider of innovative portfolio reporting and data analytics services for hedge funds and asset managers*
    • Citadel in its investment in Small Exchange*
    • Goldman Sachs in its joining ELX Futures, a new fully electronic futures exchange, as a founding partner*
    • Morgan Stanley in its investment in Kensho Technologies*

*Matter handled prior to joining Latham

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