The global law firm Jones Day announces that Joshua (Josh) Sterling has joined the Firm's Financial Markets Practice as a partner in its Washington Office.
Mr. Sterling comes to Jones Day after serving as Director of the Markets Participant Division of the U.S. Commodity Futures Trading Commission (CFTC), the principal regulator of the global derivatives markets. In that role, he oversaw the examination, oversight, and enforcement referral programs for 3,300 banks, intermediaries, and asset managers regulated by the Division. Mr. Sterling worked closely with the Commission's enforcement division with respect to charges filed against, and structured settlements offered to, regulated companies in a number of precedent-setting matters. At Jones Day, he will advise clients on enforcement, advisory, and transactional matters relating to financial markets activities.
"Josh will be an effective advocate for our global derivatives market clients, if they are asked to respond to investigations by the CFTC, the SEC, derivatives exchanges, and other regulatory authorities," said Jayant (Jay) Tambe, who co-leads Jones Day's Financial Markets Practice. "Additionally, he will be a trusted resource for clients seeking practical advice on how the CFTC and other financial regulators will approach key priorities in the Biden Administration, including financial innovation, climate change, financial market resiliency, and regulatory enforcement. I look forward to his contributions and enthusiastically welcome him to Jones Day."
During his tenure at the CFTC, Mr. Sterling initiated 35 rule actions and orders that were completed and approved by the agency, and issued more than 25 relief letters and advisories to market participants. At Jones Day, he will represent clients in the financial services, fintech, energy, agriculture, and other industries.
"Josh comes to Jones Day at a very compelling time, with a new administration in Washington and a global economy working through the challenges of a global pandemic," added Noel Francisco, Partner-in-Charge of Jones Day's Washington Office. "His arrival at Jones Day sends a very clear message that our Firm remains committed to providing clients access to the best talent in the legal industry. He will be a great addition to what is already a very impressive practice and office, and I welcome him to Jones Day."
Mr. Sterling's experience in government regulation and enforcement is enhanced by nearly two decades of advising financial services clients as a partner in private practice with a Washington-based law firm, prior to joining the CFTC. He is a graduate of the University of Pennsylvania Law School and Vanderbilt University.