Vice Chairman and Chief Legal Officer
Millennium Partners, LP
Simon M. Lorne is vice chairman and chief legal officer of Millennium Partners, L.P., a multi-strategy New York-based hedge fund, with primary responsibility for the development, enhancement and oversight of the internal control environment as well as preparation for and attention to the evolving regulatory environment for hedge funds.
Prior to joining Millennium, he was at Munger, Tolles & Olson LLP, Los Angeles, from 1970 to 1993 and again from 1999 to 2004, serving as partner from 1972. Mr. Lorne's practice focused on corporate transactions (mergers & acquisitions, corporate finance, etc.) and corporate governance issues, particularly special committee and audit committee reviews and examinations.
From 1993 to 1996 he was general counsel for the United States Securities & Exchange Commission (SEC). The general counsel is the SEC's principal legal officer. The office advises the Chairman and Commissioners on all aspects of the Commission's activities, including adoption of corporate finance, mutual fund, securities exchange and broker-dealer rules and regulations; prosecution of enforcement cases; relations with the Congress; etc.
Between 1996 and 1999 Mr. Lorne was managing director, Salomon Brothers and Salomon Smith Barney, New York (now Citigroup Global Markets, Inc.) and held a series of positions within the Salomon entities, beginning with Salomon Brothers, then with Travelers Group after its acquisition of Salomon, then with Citigroup after the Travelers-Citicorp merger to form what is now Citigroup. Activities included serving as head of global internal audit (with reporting to the Audit Committee of the Board); member of the Investment Banking screening committee; and organization of the global Citigroup compliance function.
Mr. Lorne received a J.D. (magna cum laude) from the University of Michigan Law School at Ann Arbor and an A.B. (cum laude) from Occidental College, Los Angeles, California. He is the author of one multi-volume treatise (ACQUISITIONS AND MERGERS: NEGOTIATED AND CONTESTED TRANSACTIONS in the West Securities Law Series), one handbook for corporate directors (A DIRECTOR'S HANDBOOK OF CASES, published by CCH Incorporated) and a number of articles in the popular and legal press. He is also a frequent speaker and lecturer, and has taught at the University of Pennsylvania, University of Southern California, and New York University law schools. Since 1999 he has been co-director of Stanford Law School's Directors' College, the nation's premiere program for the education of corporate directors.