Profil
Matthew Bromberg is a member of the firm’s Investment Management Group and Financial, Regulatory and Compliance Practice. Matt advises global investment advisers, banks, broker-dealers, transfer agents, and institutional investors. He has worked with registered investment companies, private funds, bank-maintained collective pools, and commodity trusts. He has deep experience developed in leadership roles with fund sponsors and service providers, establishing and counseling exchange traded investment companies (ETFs), as well as with respect to, mutual fund to ETF conversions and ETF and investment adviser mergers and acquisitions. Matt also assists sponsors and investors with understanding the use and governance of certain investment strategies employing quantitative methodologies, algorithms, and generative AI.
Matt advises clients on the day-to-day aspects of corporate governance and fiduciary responsibility, frequently advising and serving as independent counsel to fund boards. In addition, Matt advises clients on compliance and regulatory matters under the Investment Company Act of 1940, the Investment Advisers Act of 1940, ERISA, and other federal securities laws, as well as related to federal and state registration, Securities and Exchange Commission (SEC), FINRA, and state investigations and enforcement actions, and interpretive and “no-action” letter requests, SEC exemptive orders, and related matters.
Matt has experience with complex operational matters relating to ETF authorized participant arrangements, domestic and global custody, fund administration and administrator sponsored series trusts, managed account platforms, securities lending, clearing and settlement, and related areas, such as decentralized finance. In the FinTech space Matt has been involved in considering the tokenization of securities, resulting in digitally represented ownership of an asset on a blockchain and advising other crypto-focused businesses and regulated financial technology companies, including mobile-first investing platforms and robo-advisers.
Prior to joining the firm, Matt served as the general counsel and chief compliance officer of an investment management firm, where he oversaw all commercial legal and regulatory compliance matters and supported the product development and exchange-listing activities of a thematic ETF product line. He also previously held roles with responsibility for the legal affairs, compliance, and risk management of a global asset servicing company, in connection with its investment fund services business, and he served as general counsel of a wealth management firm supporting its separately managed account, model delivery, wrap fee, and investment funds lines of business.
Concentrations
- Investment advisers, including state and federal registration, exemptions, and compliance programs
- Investment adviser operational and legal risk management and crisis management
- Investment adviser mergers, acquisitions, sales, and corporate governance
- Investment funds, including mutual funds, ETFs, and other companies registered under and private funds and companies exempt or excluded from the Investment Company Act of 1940
- Broker-dealers and trust companies
- Regulation of digital assets and decentralized finance
- SEC examinations and enforcement matters
- Corporate counseling and commercial transactions
- Pension funds and institutional investors
- Asset servicing including institutional trust, custody, transfer agency, fund administration, accounting, global securities lending, and collateral management
- Providing strategy and advice regarding the use of Artificial Intelligence (AI) in investment management
Kompetencje
Doświadczenie
- Represented independent board members to an ETF fund complex focused on dividend growth investing and an ETF focused on replicating the risk-adjusted return characteristics of hedge funds.°
- Supported a dedicated managed account platform in customizing single investor funds as a mechanism through which to invest in hedge funds, providing greater control, transparency, and governance of hedge fund investments.°
- Counseled client concerning registered, exchange listed closed-end fund structures, including leveraged closed-end funds utilizing swaps, options, and forwards to gain desired exposure, as well as in connection with interval fund tender offers.°
- Counseled one of the major corporate trustees of unit investment trusts in connection with fiduciary matters relating to unit investment trust administration.°
- Provided counsel to fund administrator and regulatory services provider in facilitating the conversion of a hedge fund into an open-end mutual fund taking into consideration leverage, diversification, liquidity, and commodity exposure, and seeking to retain prior hedge fund performance.
- Managed multiple proxy solicitations for a large ETF and mutual fund complex.°
- Provided counsel in connection with the acquisitions of asset management businesses, in several transactions.
- Advised global financial services institution on collateral consequences of global regulatory settlement, including as related to DOJ and SEC enforcement proceedings.°
- Advised a fund sponsor in establishing a significant separate account with a sovereign wealth fund for investment in U.S. real estate.°
- Advised several foreign investment advisers on U.S. securities law relating to broker- dealer and investment adviser registration.°
°The above representations were handled by Mr. Bromberg prior to his joining Greenberg Traurig, LLP.
- General Counsel & Chief Compliance Officer, Exchange Traded Managers Group, 2020-2024
- General Counsel, WBI Investments, Inc. and Millington Securities, Inc., 2016-2019
- Senior Managing Counsel and Managing Director, Global Investment Services, The Bank of New York Mellon, 2006-2013, 2014-2015
- Vice President and Counsel, Merrill Lync Investment Managers, L.P. (acquired by BlackRock), 2005-2006
- Assistant General Counsel, Nomura Securities International, Inc., 2000-2005
- Adjunct Professor, Vermont Law School, 2024-Present
Kwalifikacje
- J.D., Brooklyn Law School
- B.A., State University of New York at Albany
- New York