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Preeta Bansal Joins HSBC London as General Counsel Email this page
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Preeta Bansal, the former general counsel and senior policy adviser at the United States Office of Management and Budget, has joined HSBC London as global general counsel for litigation and regulatory affairs. She will report to Stuart Levey, who served as Treasury undersecretary for terrorism and financial intelligence from 2004 to 2011, according to law.com.
Bansal joins the bank as it contends with ongoing government investigations over alleged widespread anti-money laundering compliance failures, as well as issues related to the LIBOR interest rate fixing scandal, law.com reported. At the White House, she advised the Obama administration on financial regulatory reform. She holds a seat on the 10-member council of the Administrative Conference of the United States, a public-private partnership that advises on making improvements to the regulatory process. Bansal joined the White House in 2009 after five years at Skadden, Arps, Slate, Meagher & Flom LLP in New York.

The Harvard Law School graduate also worked at Gibson, Dunn & Crutcher and Arnold & Porter, according to her bio data on the Academic Conference of the United States website.

Bansal also served as the solicitor general of the State of New York from 1999 to 2001 and helped supervise 600 attorneys in the New York attorney generalís office. While in private practice from 2003 to 2009, she served as a commissioner of the bipartisan United States Commission on International Religious Freedom, serving as chair in 2004-05.

Raised in Lincoln, Neb., Bansal was a visiting professor of constitutional law and federalism at the University of Nebraska College of Law in 2002-03. She was a law clerk to Justice John Paul Stevens of the United States Supreme Court, counselor in the Department of Justice and a special counsel in the Office of the White House Counsel.

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