MICHAEL M. CHAMBERLIN
Executive Director and Chief Executive Officer
Michael Chamberlin has been the Executive Director of EMTA (formerly the Emerging Markets Traders Association) since January 1994. Previously, he was a corporate partner in the New York law firm of Shearman & Sterling.
At Shearman & Sterling, he was responsible for a wide variety of international financial transactions, including Mexico’s 1989-92 Financing Package under the Brady Plan (on behalf of the Bank Advisory Group for Mexico), many private sector restructurings in Mexico and Venezuela and global and U.S. domestic debt offerings for Petróleos de Venezuela. Among other things, he also represented EMTA (1990-93) in the early development of the secondary trading market for Emerging Markets debt; Citicorp in arranging Nissan’s pioneering 1986 debt/equity swap in Mexico; World Wildlife Fund (1987-93) in financing various conservation projects throughout the developing world; and Amnesty International (1988-93) in producing musical concerts designed to heighten public awareness of human rights issues. Earlier in his career, he worked in Shearman & Sterling’s mergers and acquisitions area (1975-77), served in its London office (1978-80) specializing in Euromarket financings, and was later a member of the Firm’s bank financing group (1980-82), where he concentrated on major energy, project and acquisition financings.
Since 1994, Mr. Chamberlin has directed EMTA’s efforts, on behalf of the Emerging Markets trading community, to promote the orderly development of fair, efficient and transparent trading markets and to help integrate the Emerging Markets more fully into the global financial marketplace. During this time, EMTA has recommended a wide variety of market practices, developed standardized legal documentation for securities, bank loan, derivatives and foreign exchange transactions, sponsored new infrastructure for the EM trading industry, promoted private sector positions in the public debate about the resolution of sovereign financial crises in the Emerging Markets and generally provided a forum for the discussion and resolution of EM issues and problems.
Mr. Chamberlin is a frequent speaker and panelist on the topics of EM trading, finance, investment and risk management. His most recent publications include:
Other publications include: “EMTA 1994-98: The Golden Age of EM Debt Trading?” (EMTA Bulletin 4th Q 2005); “The Pari Passu Clause – What is Fair Treatment?” (EMTA Bulletin 1st Q 2004); “Sovereign Debt Contracts: What Needs to Change?” (EMTA Bulletin 4th Q 2002); “A Casual Observer’s Commentary on the Taylor Proposal and EMCA’s Model Covenants for New Sovereign Debt Issues” (EMTA Bulletin 3rd Q 2002); “Revisiting the IMF’s Sovereign Bankruptcy Proposal and the Quest for More Orderly Sovereign Work-Outs” (EMTA Bulletin 2nd Q 2002); “At the Frontier of Exit Consents,” Journal of the Emerging Markets (Spring 2002); “Burden-Sharing in 2001: Now Is the Time to Reform the Paris Club” (2/13/01); “The Brady Plan – A Decade of Progress,” (EMTA Bulletin 1st Q 2000); “Is Burden-Sharing Being Pushed Too Far?” (EMTA Bulletin 3rd Q 1999); “Clearing the Path Ahead,” Trading Technology 2000, The Securities Institute Yearbook 1999-2000; “Paris Club Asks Pakistan to Reschedule Eurobonds—What is Appropriate G-7 and Official Sector Policy toward Rescheduling Eurobonds?” (EMTA Bulletin 2nd Q 1999); “Emerging Markets Clearing Corporation launched by EMTA and NSCC” in Securities Institute (1999); “The Emerging Markets and the Marketplace,” Journal of Emerging Markets (Spring 1996); “Public Offerings and Trading of Securities of Latin American Issuers in the United States” and “U.S. Private Placements (including Rule 144A Resales) and Non-U.S. Public Offerings by Latin American Issuers” (monographs 1992); “Sovereign Debt Exchanges,” University of Illinois Law Review (1988); and “The Menu of Financing Options in the Private Sector” (monograph 1988).
Born in Omaha, Nebraska, Mr. Chamberlin graduated from Princeton in 1972 with Honors in Economics and from George Washington Law School with Honors in 1975, where he was a Notes Editor for the Law Review. He is admitted to practice law in the State of New York.