Mark Steffensen is an accomplished General Counsel and former SEC regulator with a distinguished career spanning over three decades in global financial services. Known for his proactive, solution-oriented approach, Mark has earned a reputation as a trusted advisor to C-suite executives, boards, and senior leaders across complex legal, regulatory, and compliance issues. His experience and leadership in both public and private sectors make him an invaluable asset for any organization seeking to navigate today’s challenging regulatory landscapes.

As General Counsel for HSBC US, Mark played a pivotal role in transforming and guiding the bank’s U.S. operations through numerous challenges. Leading a team of over 225 attorneys and para-professionals across multiple jurisdictions, Mark streamlined legal operations, reduced annual legal expenditures by over $150 million, and implemented advanced legal technologies that improved efficiency and service delivery. His leadership extended beyond legal issues; he advised on corporate governance, strategic divestitures, and helped the organization mitigate regulatory exposures and resolve critical matters, including deferred prosecution agreements and AML/BSA compliance issues.

Mark’s strategic insight was instrumental during the 2008 financial crisis, where he advised on high-stakes counterparty risk management issues, notably helping HSBC avoid taking government financial support. While at Morgan Stanley, he supported the firm’s sales and trading business, covering rates, FX, and structured financial products. His knowledge of hedge funds, structured transactions, and complex credit risk played a crucial role in his work, enabling the firm to appropriately manage its risks while leveraging his skills to drive positive outcomes in challenging financial environments.

Beyond his corporate responsibilities, Mark has actively contributed to public service within the legal profession. His dedication to justice and diversity is reflected in his roles with the NY Courts Permanent Commission on Access to Justice. In addition, he has been recognized with the Business Law and Leadership Award from Lawyers Alliance for New York and the Corporate Leadership Award from the Asian American Bar Association of New York, underscoring his commitment to fostering inclusivity and equity within the legal community.

Mark’s professional journey is grounded in both academic and practical excellence. Holding a J.D. (with distinction), an MBA, and a BBA (Accounting) from the University of Iowa, he also studied at Georgetown University Law Center. He began his career in corporate law at Vedder Price and Davis Polk gaining experience in capital markets, complex financial transactions, and the regulation of financial institutions. His early experience at the SEC honed his ability to shape, enforce, and navigate regulatory policies effectively.

Mark’s contributions extend into the nonprofit sector, where he actively supports organizations focused on educational equity and community development. As a board member of Horizons National, the Boys & Girls Club of New Rochelle, and the Iowa Law School Foundation he has demonstrated his commitment to advancing educational opportunities for all.

A thought leader within financial services, Mark served as a board and executive committee member of SIFMA, the trade organization supporting investment banks and broker-dealers and has spoken extensively on issues such as board governance, litigation management, financial regulation and strategic risk management. His insights have been invaluable to clients, stakeholders, and peers, making him a respected figure in the financial services industry. His motto—“Empowering organizations through integrity, strategy, and expertise”—reflects his core values and dedication to aid organizations and emerging professionals thrive sustainably and responsibly.

Character:

Mark is recognized for his integrity, dedication, and inclusivity, qualities that have fostered trust and respect from colleagues, clients, and industry leaders. His commitment to ethical leadership and public service demonstrates a core value of empowering others and promoting equitable solutions.

Knowledge:

With an extensive understanding of financial services, regulatory compliance, and corporate governance, Mark brings unparalleled expertise to complex legal challenges. His experience spans both public and private sectors, positioning him as a valuable advisor in high-stakes environments.

Strategic:

Mark excels at aligning legal functions with organizational goals, driving impactful and cost-saving initiatives that support long-term success. His ability to anticipate challenges and proactively manage risk has made him a key strategic partner to senior leadership.

Communication:

Known for his clarity and ability to simplify complex issues, Mark communicates effectively with boards, C-suite leaders, and cross-functional teams. His approach ensures informed decision-making and enhances collaboration across all levels of the organization.