Chudozie Okongwu is viewed by sources as a “focused, eloquent and credible” expert. In his reports he is “timely and practical”, and under cross-examination he is “one of the best experts around”.
Dr Chudozie Okongwu is a managing director and the head of NERA’s European finance, litigation and dispute resolution group. He has been retained in numerous matters in the areas of economics, finance, and valuation.
Dr Okongwu has provided expert evidence in venues including the High Court of Justice Chancery Division (UK); the High Court of Justice Business and Property Courts of England and Wales (Technology and Construction Court); Southwark Crown Court (UK); the High Court of Ireland; the Grand Court of the Cayman Islands; and US federal, state, and bankruptcy courts. He has also testified in international arbitrations in various forums, including the International Chamber of Commerce (ICC) International Court of Arbitration and the International Centre for Settlement of Investment Disputes (ICSID), as well as in arbitration proceedings brought under the United Nations Commission on International Trade Law (UNCITRAL) and ad hoc arbitrations. He has given evidence in US domestic arbitration forums including the Financial Industry Regulatory Authority (FINRA) and its predecessor, the National Association of Securities Dealers (NASD); Federal Arbitration; the New York Stock Exchange; the Department of Arbitration; and the American Arbitration Association (AAA). Dr Okongwu is listed in WWL: Arbitration Expert Witnesses and WWL: Consulting Experts.
Examples of Dr Okongwu’s work include: testifying on matters concerning the valuation, trading and risk characteristics of a range of fixed income, equity and derivatives products, and bespoke financial structures; valuing companies and fixed assets in a variety of industries and countries; analysing consequences of the alleged mis-selling of financial products; analysing the effects of mis-marking of fund portfolios on investors; examining forced liquidation of securities positions; and providing valuations of terminated over-the-counter derivative positions. He has been retained on matters concerning allegations of market abuse. He has testified and consulted on subprime and structured finance securities matters.
Dr Okongwu is the lead author of “Credit Derivatives and Mortgage-Backed Securities” in The Handbook of Mortgage-Backed Securities (edited by Frank J Fabozzi, 2016). He has written chapters on damages in financial services arbitrations in both the first and second editions of Global Arbitration Review's The Guide to Damages in International Arbitration (edited by John A Trenor, 2017 and 2018). He is also the lead author of a chapter on causation in a recently published edition of The Investment Treaty Arbitration Review (edited by Barton Legum, 2018) and has authored articles in The Journal of Structured Finance, the International Journal of Finance & Economics and Wall Street Lawyer. He co-authored an econometric study on the impact of securitisation for the American Securitization Forum.
Prior to joining NERA, Dr Okongwu was a member of Banque Paribas’s fixed income emerging markets team in London and New York. Dr Okongwu holds a PhD and an MA in economics from the University of California, Berkeley. His doctoral dissertation focused on the determinants and consequences of volatile portfolio capital flows to emerging market countries.