Stephen T. Gannon is a financial services industry leader who has previously served as a senior legal executive at Citizens Financial Bank, Capital One Financial Corporation and Wachovia Securities.
Prior to joining Murphy & McGonigle, Mr. Gannon was most recently Executive Vice President, General Counsel and Chief Legal Officer at Citizens Financial Group, the nation’s 12th largest retail and commercial bank, where he served on the Executive Committee managed and directed all legal, corporate governance, corporate transactions, government relations, regulatory relations and litigation functions for the company. He has spent the last two decades as a counselor, advisor and manager with respect to the highest levels of strategic decision making for several of the country’s largest financial institutions.
Mr. Gannon also has significant experience in leading teams charged with designing and overseeing frameworks and processes to ensure that products, and processes and structures are fully compliant with all applicable laws and regulations to fit within the appropriate strategic goals. Mr. Gannon also has advocated and managed advocacy before the Federal Reserve Board, the OCC, the FDIC, the CFPB and the SEC, where he served as a Branch Chief in the Division of Enforcement. He also has deep expertise in banking and broker dealer regulation, including in connection with numerous public policy issues regarding bank regulatory reform.
Prior to his nearly seven years at Citizens Financial Group, Mr. Gannon served as the Executive Vice-President and Deputy General Counsel at Capital One, overseeing corporate and securities transactions, bank and corporate regulatory issues, litigation, mergers and acquisitions, and other legal and financial affairs. At Wachovia Securities, Mr. Gannon was general counsel of the institution’s retail brokerage group and responsible for building a more than 100-person department. In addition, prior to his in-house corporate service, Mr. Gannon tried dozens of securities arbitrations and related litigation matters to verdict.
In addition to serving on Murphy & McGonigle’s Securities Regulation Practice and Fintech & Blockchain practices, Mr. Gannon will advise the banking industry on regulatory and strategic matters, ranging from public policy and corporate governance to litigation, compliance and administrative actions. He will also focus on helping the industry adapt to and stay on top of the burgeoning fintech space.
Mr. Gannon has held numerous leadership roles in the financial services industry, including serving on the Executive Committee of the SIFMA Compliance and Legal Society; managing the board of The Clearinghouse Association; the U.S. Chamber of Commerce Institute for Legal Reform; and the General Counsel’s Forum for the Bank Policy Institute. In community service, he has served on the Advisory Board, including the Audit and Risk Committee, of the Boston Symphony Orchestra, and as the Central Virginia Market President for Capital One.
Mr. Gannon speaks and writes frequently on topics related to the financial services industry, including the role of FinTechs, digital assets, and cryptocurrency and their evolving impact on the industry.
Interagency Joint Statement on Crypto-Asset Policy and OCC Interpretive Letter Released the Same Day
Blockchain Law Center | (11/24/2021)
DOJ’s New Crypto Task Force – Ten Risks to Look Out For
How Bitcoin Can Favorably Impact Climate Change (Despite What You May Have Heard)
Virginia Bankers Association | (09/28/2021)
Gannon, Richards Outline Bitcoin’s Favorable Impact on Climate Change and the New Tech Behind It
The Jury is In – Blockchain and Cryptocurrencies: They ARE Competitive Advantages
Senator Warren's Letter to SEC Chair Gensler is a Wake-Up Call
Blockchain Law Center | (07/15/2021)
In the News
Basel’s Crypto Capital Plan Could Boast Banks’ Interest in Stablecoin
American Banker | (06/21/2021)
Stephen T. Gannon, Senior Banking Legal Executive, Joins Murphy & McGonigle