Phillip J. Azzollini focuses his practice on private offerings of asset-backed securities, including the representation of issuers, placement agents and portfolio managers. Other areas of concentration include representation of buyers and sellers of financial assets, and buyers and sellers in repurchase agreement transactions. Phil has represented public companies, investment advisers and private equity funds in transactions involving many different categories of asset-backed securities, including mortgage-backed securities, collateralized loan obligation securities and student loan securities. He has also represented clients in transactions involving the re-packaging of asset-backed securities.

Phil was listed as a “leading individual” by Chambers Global and Chambers USA in Capital Markets: Structured Products and recognized by interviewees as “an excellent lawyer, smart and bright” and commended for his client service skills, keen attention to detail and understanding of accounting in addition to the law. The Legal 500 US notes that Phil is recognized as being “very knowledgeable about the CLO space, in terms of both legal and market knowledge.” He is also listed in the Expert Guide to the World’s Leading Banking, Finance and Transactional Law Lawyers. Prior to joining SRZ, Phil was a certified public accountant with the audit group at Coopers & Lybrand LLP. He received his undergraduate degree, cum laude, from Pace University in 1988, and his J.D. from Fordham University School of Law, where he was an editor of the Fordham Law Review, in 1995.

Representations

Representation of hedge fund clients and public companies in connection with the purchase and sale of various portfolios of loans and leases secured by a variety of assets including light trucks, recreational vehicles, manufactured homes, information systems and mortgages.

Publications

“U.S. CLOs: The End of U.S. Risk Retention for Collateral Managers?” The International Comparative Legal Guide to: Securitisation 2018 (Global Legal Group) (co-author)

“Introduction to Securitization,” Banking & Finance Module of Lexis® Practice Advisor, February 2014

“Learning the Basic Legal Framework of a Securitization Transaction,” Banking & Finance Module of Lexis® Practice Advisor, February 2014

“Understanding the Major Parties and Documents in a Securitization Transaction,” Banking & Finance Module of Lexis® Practice Advisor, February 2014

“Types of Credit Support in Securitization Transactions,” Banking & Finance Module of Lexis® Practice Advisor, February 2014

“Conducting the Closing in a Securitization Transaction,” Banking & Finance Module of Lexis® Practice Advisor, February 2014

“SEC Proposal on Prohibition Against Conflicts of Interest in Certain Securitizations,” SRZ Client Alert, Sept. 22, 2011 (co-author)

“On the CLO Horizon — Regulations Expected to Impact CLOs,” The International Comparative Legal Guide to: Securitisation 2011 (Global Legal Group) (co-author)

Speaking Engagements

“The Return of CLOs: Changes That Matter to Managers and Investors,” SRZ Audio Conference Series, July 2011

“U.S. Mortgage, CDO, Synthetics and Consumer ABS Markets,” SRZ Investors and Issuers Program, April 2007

Distinctions

  • Chambers Global
  • Chambers USA
  • Expert Guide to the World’s Leading Banking, Finance and Transactional Law Lawyers (Structured Finance and Securitisation)
  • Lawyers Alliance for New York 15 Year Circle Honoree
  • The Legal 500 US

Prior Experience

  • Coopers & Lybrand (Audit Group)    
    • Certified Public Accountant, 1988-92