Michelle Lombardo is counsel in the nationally ranked Investment Management Practice Group.
Investment Management. Michelle has extensive experience representing and counseling mutual funds and their boards. Michelle provides advice to her clients on all areas of the day-to-day management of mutual funds, including under the Investment Company Act and other federal securities laws, as well as general business matters. She has experience with many mutual fund structures including multiple series trusts, master-feeder funds and multiclass funds. Michelle has been involved in organizing numerous new portfolios and new classes for her clients. Michelle also has experience in mutual fund mergers and has overseen several mutual fund major reorganizations.
Michelle has worked for an in-house investment adviser's legal department, where her primary duty was to counsel the operational, fund accounting, product and compliance departments on day-to-day investment advisory and investment company matters. During her time in-house, Michelle also worked on transactional matters, including negotiating separate account agreements with large pension plans.
Michelle has extensive experience in various anti-money laundering laws and regulations and has written numerous articles in the area. She also has substantial experience in drafting, reviewing and providing advice on compliance policies and procedures for investment advisers and investment companies.
In General. Michelle graduated from Villanova University cum laude in 1988 and with an master's in 1991, both political science degrees. She received her law degree from Villanova University School of Law in 1997. Michelle was a member of Villanova's Law Review and Moot Court board. She was admitted to the Pennsylvania Bar in December 1997. Prior to joining Drinker Biddle, Michelle was a clerk to the Honorable J. Sydney Hoffman of the Pennsylvania Superior Court. She is a member of the American and Philadelphia Bar Associations.
Publications
11/6/2008, Five Areas for Board Focus in the Current Credit Environment
Fund Directions
Michael Malloy, Michelle Lombardo
12/14/2007, Fallout From Credit Crunch: Heightened Scrutiny of Adviser Security Valuation
The Investment Adviser's Counsel
Michael Malloy, Michelle Lombardo
12/29/2003, Business Week Special Advertising Feature: Financial Industry Firestorm
Point-of-Law
Michelle Lombardo, Michael Malloy
7/1/2003, Treasury Issues New Anti-Money Laundering Rules for Mutual Funds, Investment Advisers and Commodity Trading Advisors
Investment Adviser's Counsel
Michelle Lombardo, Michael Malloy
4/1/2003, USA Patriot Act Update: Agencies Report to Congress and Treasury Proposes Suspicious Activity Reports for Open-End Investment Companies
Investment Adviser's Counsel
Michelle Lombardo, Michael Malloy
1/6/2003, Treasury Proposes Anti-Money Laundering Programs for Private Funds; Sharing of Information and Correspondent Accounts for Foreign Shell Banks also Spotlighted
Investment Adviser's Counsel
Michelle Lombardo, Michael Malloy
10/12/2002, Reading the Rights of the Patriot Act
Joshua Deringer, Michelle Lombardo, Michael Malloy
10/7/2002, Treasury Implements the USA Patriot Act: Focus is on Customer Identification, Due Diligence for Certain Foreign Accounts and Suspicious Activity Reports for Broker/Dealers
Investment Adviser's Counsel
Michelle Lombardo, Michael Malloy
7/8/2002, Recent Rules Provide Guidance on Anti-Money Laundering Programs, Due Diligence for Foreign Accounts and Suspicious Activity Reports by Broker-Dealers
Investment Adviser's Counsel
Michelle Lombardo, Michael Malloy
4/17/2002, THE USA PATRIOT ACT: New Responsibilities for Institutions in the Financial Industry
Investment Adviser's Counsel
Michelle Lombardo, Michael Malloy
Speaking Engagements
5/7/2009, ICI's General Membership Meeting Legal Forum
"New Avenues of Disclosure Liability for Mutual Funds, Advisers and Boards"
Joshua Deringer, Gregory Miller, Michelle Lombardo Washington, DC
8/14/2007, Investment Adviser Regulation: An A to Z Workshop
Diana McCarthy, Michelle Lombardo New York, NY
11/30/2006, Investment Adviser Regulation: An A to Z Workshop 2006
Diana McCarthy, Michelle Lombardo New York, NY
9/13/2004, Fall Compliance Conference
Michelle Lombardo Philadelphia, PA
8/24/2004, Countdown to Compliance Seminar
"Trading Policies & Procedures to Put You in Compliance"
Michelle Lombardo, Michael Malloy Philadelphia, PA