Ray Ibrahim
  1. Partner

Mr. Ibrahim is a partner in Davis Polk’s Corporate Department, practicing in the Derivatives and Structured Products Group. He has extensive experience in the development and execution of new and innovative financial products across all asset classes. His practice focuses on:

  • Over-the-counter derivative solutions, ranging from financing and repurchase transactions to hedging strategies

  • Mandatory and optional convertible securities issued in the capital markets (including related derivative transactions)

  • Equity-, credit- and commodity-linked products, including synthetic exchangeable securities offered under registered and non-registered platforms

  • Margin loans and affiliate “back-levered” equity positions in significant stakes of publicly traded issuers

  • Cash, synthetic and other tailored securitizations and structured transactions in connection with risk, accounting and capital relief management

  • Development and disclosure of customized, algorithmic indices and investment strategies offered through swaps or registered and unregistered securities offerings

Mr. Ibrahim is also counsel to Citigroup, Inc. and Credit Suisse AG on their registered structured products platforms. As structured products counsel, he routinely advises on SEC, FINRA and other regulatory and transactional matters related to structured products.

Work Highlights

Innovative Transactions
  • The first TDECS equity units consisting of a forward contract and an amortizing preferred security
  • The largest structured margin loan on a publicly traded underlying security ($3 billion against 67% of shares outstanding)
  • The first convertible preferred equity units, which received the IFR’s “Structured Equity Deal of the Year” award
  • The first structured borrow facility to support convertible debt, which received IFLR’s “Deal of the Year” award
  • The first equity-linked liquidity facility along with related call spread and credit- and equity-linked notes offerings
  • The first common stock offering and related call spread repurchase transaction

Recognition

Mr. Ibrahim is recognized as a leading capital markets lawyer in various industry publications:

  • Chambers Global – "Leading Individual, Band 1" Capital Markets, Derivatives
  • Chambers USA  – "Leading Individual, Band 1" Capital Markets, Derivatives
  • IFLR1000 

Professional History

  • Partner, 2006-present
  • Associate, 1998-2006
  • Law Clerk, Hon. Collins J. Seitz, U.S. Court of Appeals, Third Circuit, 1997-1998

Bar Admissions

  • State of New York

Education

  • A.B., Brown University, 1993
    • magna cum laude
    • with honors
  • J.D., University of Virginia School of Law, 1997
    • Editor, Virginia Journal of International Law
    • Editor, Virginia Law Review