Rick Grove is a Partner and the Chief Executive Officer of Rutter Associates LLC, the New York based financial markets risk management consulting firm. Rutter Associates’ consulting practice encompasses a wide range of financial markets risk management and valuation advisory work for financial institutions, corporations and regulators in North America, Europe, Asia and the Middle East. In addition to managing Rutter Associates, Mr. Grove’s own practice focuses on derivatives and structured credit products. He has acted as a consultant and expert on a variety of disputes being mediated, arbitrated or litigated in New York, London, Hong Kong and Singapore.
Mr. Grove has spent over 25 years working in the financial markets, as both an investment banker and a lawyer. From 1997 to 2001, he was the CEO of the International Swaps and Derivatives Association (ISDA). Following ISDA and before joining Rutter Associates, Mr. Grove was a Managing Director at Bank of America, co-managing the Global Commodity Derivatives Group. Prior to joining ISDA, he worked as a marketer in the fixed income and derivatives businesses at Paribas Capital Markets and headed the Financing Desk and the Fixed Income Syndicate Desk in New York. Mr. Grove originally joined Banque Paribas as General Counsel of Paribas Corporation after practicing capital markets, mergers & acquisitions and general corporate law with Cravath, Swaine & Moore in New York and London.
Mr. Grove is currently Senior Advisor to the American Bar Association’s Task Force on Financial Engineering for Economic Development and is a member of the panel of experts of P.R.I.M.E. Finance, the financial markets dispute resolution service based in The Hague. He has served on the CFTC’s Global Markets Advisory Council and the World Bank’s Financial Markets and Development Conference Advisory Board. Mr. Grove has chaired ISDA’s U.S. Regulatory Committee and has testified about the derivatives markets before the U.S. Senate and U.S. House of Representatives. He has served on ISDA’s panel of experts for credit event determinations.
Mr. Grove authored “Valuation in the context of derivatives litigation” in the April 2011 issue of the Oxford University Capital Markets Law Journal and a chapter entitled “Overview of Derivative Products” in International Financial Disputes: Arbitration and Mediation (published March 2015 by Oxford University Press). He has taught classes on derivatives, structured credit products and risk management at New York University, Princeton University, the Practicing Law Institute in New York, the Bank of China Institute for International Finance in Beijing and law firms in New York and London. Mr. Grove has conducted training sessions on the economics of financial markets transactions for the justices of the Delaware Supreme Court and Delaware Chancery Court and the justices of the Singapore Supreme Court.
Mr. Grove is a member of the International Institute for Strategic Studies (IISS) in London, the bar of the State of New York, the American Bar Association’s International Section and the International Advisory Committee of EcoPeace/Friends of the Earth Middle East. As a member of the IISS, Mr. Grove has recently hosted briefings for financial markets participants on (1) geo-political and security issues in East Asia and South East Asia (in Singapore), (2) the conflicts in Syria and Iraq (in New York), (3) the role of the United States Dollar in global political and economic affairs and the prospects for the Chinese Renminbi to play a similar role (in New York), (4) the conflict between Russia and Ukraine (in New York) and (5) the Iran nuclear negotiations (in New York).
Mr. Grove received his J.D. magna cum laude from Harvard University, where he was an editor of the Harvard International Law Journal, and his A.B. summa cum laude from Princeton University where he was enrolled in the Woodrow Wilson School of Public and International Affairs.