Nicholas Watmough
Senior Associate Corporate & Finance
Languages
English
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Overview
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Experience
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Credentials
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Insights and events
Legal500, 2024Jennifer O’Connell and Nicholas Watmough are both a pleasure to work with, supportive and effective.
Nicholas Watmough is a senior associate in the Debt Capital Markets practice, advising financial institutions, asset managers, funds and corporates across a broad range of complex transactional and advisory finance matters, with a particular emphasis on derivatives and structured products.
The extensive experience that Nicholas brings to his role spans a wide spectrum of financial products and structures, although he frequently advises on transactions involving funded derivative products and other structured debt securities, unfunded derivatives across the range of asset classes (rates, equities, credit, funds, indices, FX, commodities and others), structured hedging for securitisations and private funding structures, loan finance and projects, risk-transfer and synthetic securitisation structures, repurchase and securities lending transactions, and bespoke finance structures that utilise a derivative element.
Legal500, 2024Jennifer O’Connell and Nicholas Watmough are both a pleasure to work with, supportive and effective.
Representative experience
Advising Goldman Sachs International on the addition of structured note functionality to its secured note programme, as well as annual updates to the programme and issuances thereunder.
Advising a German bank on a €500,000,000 secured loan from a US investment bank using a total return swap structure.
Advising for a global infrastructure group on the establishment of a €100,000,000 margin loan facility with a leading Canadian bank.
Advising a Bermudan insurer on its reinsurance arrangements with a German-based reinsurance group, implemented by way of a total return swap.
Advising a leading US bank on a secured structured note issuance referencing a basket of SPAC underlyings.
Advising a supranational financial institution on various US$ loan facilities made available to African sovereigns, structured as cross-currency swaps.
Advising a leading US investment bank on issuances under its repack programme, focusing on transactions involving more complex underlying assets (eg CLNs, Cayman fund units or index-linked warrants).
Advising a UK financial services entity on an SRT transaction with a German insurer over a portfolio of equity release mortgages with no negative equity guarantees, structured as a put option.
Advising a French Investment bank on the annual update of its structured notes and certificates programme and on various drawdowns under the programme.
Advising a UK bank and a Spanish bank as joint swap counterparties for a £290,000,000 loan facility provided to a UK healthcare group.
Advising a French Investment bank on various structured note issuances under its notes, warrants and certificates programme.
Advising on the addition of preference share linked securities to the structured securities programme of a leading French investment bank.
Advising a Saudi investment group on a US$200,000,000 margin loan from a leading French investment bank structured using an equity swap and an equity forward.
Advising Natixis as swap counterparty on a €320,000,000 securitisation of Belgian consumer credit loans originated by Buy Way Personal Finance through a Luxembourg securitisation vehicle.
Advising a US investment fund on hedging for its forward flow arrangements with various originators of mortgage receivables.
Advising NATS plc on the hedging elements of its £1,600,000,000 debt refinancing.
Advising a supranational financial institution on the commodity hedging for various USD loan facilities to African sovereign borrowers.
Advising ENRA Specialist Finance on the hedging for its various RMBS securitisations.
Advising a Middle Eastern bank on the hedging provided to a UK borrower in respect of an Islamic finance-compliant Murabaha facility that was converted from a conventional loan facility.
Advising a French bank on the addition of actively managed securities to its structured securities programme.
Credentials
- Graduate Diploma of Legal Practice, The College of Law Australia, 2005
- Bachelor of Laws with Honours (LLB), The University of Melbourne, 2004
- B. Eng in Software Engineering, The University of Melbourne, First class honours, 2004
- Solicitor, England and Wales
- Attorney, New York
- Solicitor, New South Wales