Eric Stupp
Office:
Brandschenkestrasse 90
8027
City:
Zurich
State:
Zurich
Country:
Switzerland
Tel:
+41 58 261 50 00
Fax:
+41 58 261 50 01

Questions and Answers:

Who's Who Legal Thought Leaders - Switzerland

Eric Stupp heads Bär & Karrer’s financial services department and co-heads the internal investigation and cross-border proceedings team. His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters, enforcement proceedings and on M&A transactions. He regularly advises financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. He was a member of Bär & Karrer’s management committee for eight years. He has been listed as one of Switzerland’s leading banking lawyers by IFLR 1000 2016 and Who’s Who Legal, and is listed as a leading lawyer in The Legal 500 in the “Hall of Fame” category.

DESCRIBE YOUR CAREER TO DATE

I studied law at the University of St Gallen, Switzerland, and the University of Chicago, USA. I am admitted to the bar in Switzerland. I started my career as a junior lawyer in law firm and as a clerk in a court in St. Gallen. 

In 1994, I joined the law firm Bär & Karrer Ltd and was elected to partner in 1999. I started at the firm as an M&A and capital markets lawyer. The majority of my clients have been financial institutions, so that I focused more and more on the regulatory issues such clients are regularly exposed to. I later became head of the firm’s banking practice group, which covers legal matters relating to financial institutions such as banks, asset managers and insurance companies, financial products, and financial services.

Since 2011, I have advised a number of financial institutions in the context of enforcement actions initiated by the US Department of Justice, the Department of Financial Services in New York, and other authorities in Switzerland and abroad.

I serve as a board member of a select number of Swiss companies, such as Goldman Sachs Bank Ltd and UBS Swiss Financial Advisors Ltd.

WHAT DO YOU ENJOY MOST WORKING IN THE BANKING AREA?

Banking is a highly regulated area with many pitfalls. As a consequence, there is an intensive dialogue between the client and its lawyers. This allows outside lawyers to gain a deep insight into the business activities of various financial institutions with access to senior management. 

Furthermore, Switzerland is a major player in the world of banking so that there is often an international component to the questions raised. As a consequence, the banking team of Bär & Karrer is in regular contact with major law firms in other countries, which allows for an interesting exchange of ideas and thoughts with outside legal counsel in other countries.

HOW WOULD YOU CHARACTERISE THE DEVELOPMENT OF THE PRIVATE BANKING SECTOR IN SWITZERLAND OVER THE PAST FIVE YEARS? 

Swiss private banking has been subject to a tectonic shift: Since the 1990s, Swiss banking secrecy has come under heightened scrutiny by foreign governments, as it has been perceived as a tool to avoid paying taxes in their respective countries. In 2009, UBS entered into a landmark cross-border settlement with the US Department of Justice. As of today, approximately 100 Swiss financial institutions have entered into a settlement with the US authorities; FATCA and the automatic exchange of information with various countries have become reality. This has changed the private banking landscape in an unprecedented way. A large number of foreign banks closed or sold their Swiss subsidiaries. As a consequence, we have been very busy in helping clients adapting their organisations to the new realities. 

In the past two years, fintech initiatives have been an interesting field for the banking practice to leverage its know-how into new innovative business concepts and helping promoters to set up a compliant structure for such financial service firms.

WHAT IS THE HIGHLIGHT OF YOUR CAREER SO FAR?

There is not one highlight, but I am very pleased that I could be part of the substantial development of the firm’s banking practice. In particular, I am pleased that we have become a recognised player for not only classical banks, but also other financial institutions such as insurance companies, family offices and more recently fintech firms.

Furthermore, the fact that I am a trusted adviser for major clients who come to me with some of their most delicate legal issues gives me a lot of professional satisfaction.

WHAT ADVICE WOULD YOU GIVE TO YOUNGER PRACTITIONERS WHO HOPE ONE DAY TO BE IN YOUR POSITION?

I recommend that you should be true to yourself. And do not run for the quick buck – trust is the most valuable asset a lawyer has to offer. This takes time, and confidence from the client that you are not taking advantage of the sometimes difficult or even miserable situation the client is exposed to.

Biographies:

Who's Who Legal Banking: Regulatory

Eric Stupp heads Bär & Karrer's financial services department and co-heads the internal investigation and cross-border proceedings team. He is based in Zurich and has been a partner since 2000.

His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters, enforcement proceedings and on M&A transactions. He is also co-head of the newly formed fintech practice group of the firm and advises clients in connection with the issuance of cryptocurrencies and other forms of tokens.

In recent years, he has regularly advised financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. In particular, he has assisted clients in numerous proceedings initiated by the US Department of Justice, the New York Department of Financial Services and other US and European authorities.

Eric Stupp is a regular speaker at expert conferences addressing these matters. He was a member of Bär & Karrer's management committee for eight years. He is the vice-chairman of the board of directors of Goldman Sachs Bank AG, Zurich and a member of the boards of other financial and non-profit institutions.

WWL says: Eric Stupp is praised extensively by peers in Switzerland for his regulatory expertise in the banking sector, particularly when it comes to cross-border investigations and enforcement proceedings.​

This biography is an extract from Who's Who Legal: Banking which can be purchased from our Shop.

Who's Who Legal Banking: Finance

Eric Stupp heads Bär & Karrer's financial services department and co-heads the internal investigation and cross-border proceedings team. He is based in Zurich and has been a partner since 2000.

His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters and enforcement proceedings. He is also co-head of the newly formed fintech practice group of the firm and advises clients in connection with the issuance of cryptocurrencies and other forms of tokens.

In recent years, he has regularly advised financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. In particular, he has assisted clients in numerous proceedings initiated by the US Department of Justice, the New York Department of Financial Services and other US and European authorities.

Eric Stupp is a regular speaker at expert conferences addressing these matters. He was a member of Bär & Karrer's management committee for eight years. He is the vice-chairman of the board of directors of Goldman Sachs Bank AG, Zurich and a member of the boards of other financial and non-profit institutions.

WWL says: Eric Stupp is a distinguished practitioner in the Swiss market who focuses his first-rate practice on advising both financial institutions and regulators on banking-related investigations, regulation and M&A transactions. 

This biography is an extract from Who's Who Legal: Banking which can be purchased from our Shop.

Who's Who Legal Switzerland - Banking

Eric Stupp heads Bär & Karrer's financial services department and co-heads the internal investigation and cross-border proceedings team. He is based in Zurich and has been a partner since 2000.

His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters, enforcement proceedings and on M&A transactions. He is also co-head of the newly formed fintech practice group of the firm and advises clients in connection with the issuance of cryptocurrencies and other forms of tokens.

In recent years, he has regularly advised financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. In particular, he has assisted clients in numerous proceedings initiated by the US Department of Justice, the New York Department of Financial Services and other US and European authorities.

Eric Stupp is a regular speaker at expert conferences addressing these matters. He was a member of Bär & Karrer's management committee for eight years. He is the vice-chairman of the board of directors of Goldman Sachs Bank AG, Zurich and a member of the boards of other financial and non-profit institutions.

WWL says: Eric Stupp is held in high esteem as “a real banking regulatory expert”. He impresses peers with his notable roster of “top-notch clients”.

This biography is an extract from Who's Who Legal: Switzerland which can be purchased from our Shop.

Who's Who Legal Switzerland - Business Crime Defence

Eric Stupp heads Bär & Karrer's financial services department and co-heads the internal investigation and cross-border proceedings team. He is based in Zurich and has been a partner since 2000.

His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters, enforcement proceedings and on M&A transactions. He is also co-head of the newly formed fintech practice group of the firm and advises clients in connection with the issuance of cryptocurrencies and other forms of tokens.

In recent years, he has regularly advised financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. In particular, he has assisted clients in numerous proceedings initiated by the US Department of Justice, the New York Department of Financial Services and other US and European authorities.

Eric Stupp is a regular speaker at expert conferences addressing these matters. He was a member of Bär & Karrer's management committee for eight years. He is the vice-chairman of the board of directors of Goldman Sachs Bank AG, Zurich and a member of the boards of other financial and non-profit institutions.

WWL says: The exceptional Eric Stupp draws praise from commentators for his adept handling of cross-border and internal investigations across the financial services sector.

This biography is an extract from Who's Who Legal: Switzerland which can be purchased from our Shop.

Who's Who Legal Business Crime Defence: Corporates

Eric Stupp heads Bär & Karrer's financial services department and co-heads the internal investigation and cross-border proceedings team. He is based in Zurich and has been a partner since 2000.

His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters and enforcement proceedings. He is also co-head of the newly formed fintech practice group of the firm and advises clients in connection with the issuance of cryptocurrencies and other forms of tokens.

In recent years, he has regularly advised financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. In particular, he has assisted clients in numerous proceedings initiated by the US Department of Justice, the New York Department of Financial Services and other US and European authorities.

Eric Stupp is a regular speaker at expert conferences addressing these matters. He was a member of Bär & Karrer's management committee for eight years. He is the vice-chairman of the board of directors of Goldman Sachs Bank AG, Zurich and a member of the boards of other financial and non-profit institutions.

WWL says: Eric Stupp is well known in the Swiss market for his first-rate work handling internal investigations and enforcement proceedings for clients across the financial sector.

This biography is an extract from Who's Who Legal: Business Crime Defence which can be purchased from our Shop.

Who's Who Legal Switzerland - Capital Markets

Eric Stupp heads Bär & Karrer's financial services department and co-heads the internal investigation and cross-border proceedings team. He is based in Zurich and has been a partner since 2000.

His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters, enforcement proceedings and on M&A transactions. He is also co-head of the newly formed fintech practice group of the firm and advises clients in connection with the issuance of cryptocurrencies and other forms of tokens.

In recent years, he has regularly advised financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. In particular, he has assisted clients in numerous proceedings initiated by the US Department of Justice, the New York Department of Financial Services and other US and European authorities.

Eric Stupp is a regular speaker at expert conferences addressing these matters. He was a member of Bär & Karrer's management committee for eight years. He is the vice-chairman of the board of directors of Goldman Sachs Bank AG, Zurich and a member of the boards of other financial and non-profit institutions.

WWL says: Eric Stupp is an "excellent" lawyer who is recognised for his expansive financial expertise.

This biography is an extract from Who's Who Legal: Switzerland which can be purchased from our Shop.

Who's Who Legal Capital Markets: Debt and Equity

Eric Stupp heads Bär & Karrer's financial services department and co-heads the internal investigation and cross-border proceedings team. He is based in Zurich and has been a partner since 2000.

His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters, enforcement proceedings and on M&A transactions. He is also co-head of the newly formed fintech practice group of the firm and advises clients in connection with the issuance of cryptocurrencies and other forms of tokens.

In recent years, he has regularly advised financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. In particular, he has assisted clients in numerous proceedings initiated by the US Department of Justice, the New York Department of Financial Services and other US and European authorities.

Eric Stupp is a regular speaker at expert conferences addressing these matters. He was a member of Bär & Karrer's management committee for eight years. He is the vice-chairman of the board of directors of Goldman Sachs Bank AG, Zurich and a member of the boards of other financial and non-profit institutions.

WWL says: Eric Stupp is a go-to adviser with extensive experience in the field. He works with major banks and financial services companies and is extremely knowledgeable on regulatory matters and high-value transactions.

This biography is an extract from Who's Who Legal: Capital Markets which can be purchased from our Shop.

Who's Who Legal Switzerland - Construction & Real Estate

Eric Stupp heads Bär & Karrer's financial services department and co-heads the internal investigation and cross-border proceedings team. He is based in Zurich and has been a partner since 2000.

His practice focuses on advising banks, insurance companies, asset managers and other financial intermediaries on regulatory matters, enforcement proceedings and on M&A transactions. He is also co-head of the newly formed fintech practice group of the firm and advises clients in connection with the issuance of cryptocurrencies and other forms of tokens.

In recent years, he has regularly advised financial institutions and regulatory bodies in connection with internal investigations on cross-border issues. In particular, he has assisted clients in numerous proceedings initiated by the US Department of Justice, the New York Department of Financial Services and other US and European authorities.

Eric Stupp is a regular speaker at expert conferences addressing these matters. He was a member of Bär & Karrer's management committee for eight years. He is the vice-chairman of the board of directors of Goldman Sachs Bank AG, Zurich and a member of the boards of other financial and non-profit institutions.

WWL says: Eric Stupp is a widely respected name in construction and real estate transactions and serves as a key adviser to financial institutions on cross-border matters.

This biography is an extract from Who's Who Legal: Switzerland which can be purchased from our Shop.

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