Mr. Joseph P. Belanger provides consulting and litigation support to the financial services industry. As a principal in The Brattle Group’s litigation and finance practice, he has provided testimony and litigation support in a number of financial services litigations relating to both standard of care and industry custom and practice. He has testified on appropriate bank lending practices, the role and responsibility of custodians, administrators and trustees, and risk management due diligence processes. Mr. Belanger has also consulted on risk management best practices.
He has experience creating and growing commercial lending, risk-based and hedge fund administration businesses and implementing effective risk management programs. His capabilities include commercial lending, hedge fund and offshore fund administration, custody, oversight of risk management and compliance programs, trusteeship, and the application of investment portfolio risk tools for traditional and hedge fund asset classes.
Mr. Belanger spent more than 25 years at State Street Corporation, where he was part of the executive management team in Alternative Investment Solutions, a leading service provider to institutional investors, hedge funds, and private equity funds. During that time, he spent 12 years as a senior vice president and division head with responsibility for State Street’s commercial lending services, Cayman offshore and alternative fund administration services, and global risk services business units. Earlier in his career, Mr. Belanger was responsible for Investor Services Risk Management with oversight for the documentary, fiduciary, credit counterparty, operational, anti-money laundering, and reputational risk exposures accompanying trustee, custody, accounting, administration, and transfer agency services provided by State Street worldwide.
Led a consulting engagement to redesign the credit and counterparty guidelines and risk approval authorities for a €6 billion European bank in order to incorporate best practices in measuring and monitoring counterparty risk.
United States of America v. BNP Paribas SA; BNP Paribas North America; BNP Paribas Houston Agency; and Jovenal Miranda Cruz
Provided confidential report and deposition testimony in United States District Court for the Southern District of Texas regarding bank supervisory, due diligence and monitoring responsibilities for commercial loans supported by a U.S. Government guaranty.
John Dugan et.al. v. Lloyds Bank, PLC and David Osmena et.al. v. Lloyds Bank PLC
Provided confidential report and deposition testimony in United States District Court for the Northern District of California addressing commercial lending custom and practice in the administration of loan agreement contractual terms and conditions.
Dellway et.al. v. National Asset Management Agency, Ireland and the Attorney General of Ireland
Provided affidavit testimony and additional litigation support before the Irish Supreme Court and the High Court, Commercial. Addressed lending custom and practice, the nature of long-standing banking relationships, and the role of reputation in lending decisions.
Pasha S. Anwar, et al vs. Fairfield Greenwich Limited, et al
Provided confidential rebuttal report and deposition testimony in United States District Court for the Southern District of New York addressing the customary and contractual duties and responsibilities of securities custodians.
Weavering Macro Fixed Income Fund Limited (In Liquidation) v PNC Global Investment Servicing (Europe) Limited now known as BNY Mellon Investment Servicing (International) Limited
Provided expert advice regarding customary and contractual duties and responsibilities of a fund administrator in service to a Cayman domiciled hedge fund in a matter before the High Commercial Court Ireland.
Boldwater Credit Opportunities Fund I L.P. et.al. v. Derivatives Portfolio Management, L.L.C. et.al.
Provided expert advice and deposition testimony relating to the role and responsibility of hedge fund administrators, the contractual obligations typically contained in administration agreements, the administrator’s performance under the agreement, investor perceptions of operations risk, and the incentives contained in earn-out purchase agreements.
James W. Bradshaw, et al, v. Stephen E. Maiden, et. al. In the State of North Carolina, County of Mecklenburg, General Court of Justice, Superior Court Division, No.: 14 CVS 1445
Primeo Fund (In Official Liquidation) Plaintiff and 1) Bank of Bermuda (Cayman) Limited, 2) HSBC Securities Services (Luxembourg) SA Defendants in the Grand Court of the Cayman Islands Financial Services Division Case No. FSD 30 of 2013 – AJJ
Regions Bank, et.al., Plaintiffs v. Nexbank Securities, Inc. Defendants and Comerica Bank, Plaintiff in Intervention v. Regions Bank et.al. In the District Court Dallas County, Texas, 101th Judicial District Case No. DC-13-146298
Bradley Willcox, Frank Dominick, and Michele Sherie Dominick v. Loyds TSB Bank, PLC, et al. United States District Court District of Hawai’i CV 13-00508 ACK-RLP
Lloyds TSB Bank PLC v. Michael Joseph Kilroy and Michael J. Kilroy Cross Complainant v. Lloyds TSB Bank, PLC Superior Court for the State of California County of Riverside Case No. INC1202040
United States of America v. BNP Paribas SA; BNP Paribas North America; BNP Paribas Houston Agency; and Jovenal Miranda Cruz United States District Court for the Southern District of Texas Civil Action No. 4:11-cv-3718; deposition testimony.
Pasha S. Anwar, et al vs. Fairfield Greenwich Limited, et al United States District Court for the Southern District of New York Master File No. 09-cv-118 (VM); deposition testimony.
John Dugan, Aurora Dugan, and Mathew Tapscott, Rika Olson, and Jason Ray, each individually and on behalf of all others similarly situated v. Lloyds Bank, PLC and David Osmena and Patricia Hogan Osmena each individually and on behalf of all others similarly situated v. Lloyds Bank PLC United States District Court for the Northern District of California Case No. C 12-02549 WHA, Consolidated: No. 12-cv-02937 – WHA (NJV); deposition testimony.
American Arbitration Association, New York, New York, confidential arbitration testimony.
Dellway et.al., v. National Asset Management Agency, Ireland and the Attorney General of Ireland, The Supreme Court and the High Court, Commercial, Ireland, affidavit testimony
Boldwater Credit Opportunities Fund I L.P. et.al., v. Derivatives Portfolio Management, L.L.C. et.al., Commonwealth of Massachusetts Superior Court Civil Action No. 08-3708-BLSI, deposition testimony
Milan Italy Civil Court, confidential affidavit
American Arbitration Association, New York, New York, confidential report and testimony
Mr. Belanger holds the Chartered Alternative Investment Analyst (CAIA) designation.
Washington University, Olin School of Business, M.B.A. in Finance and Accounting
Ripon College, B.A. in Economics