Schulte Roth & Zabel is pleased to announce the addition of Martin Schmelkin as a partner in the firm’s Employment & Employee Benefits practice in New York.

Marty has nearly 30 years of experience in employment law, with a particular focus on employment and employee benefits issues for investment managers. He joins SRZ from Jones Day, where he was a partner. Prior to that, he spent 15 years as a Managing Director and Associate General Counsel at Goldman, Sachs & Co., where he focused on employment law, giving him a deep understanding of the complex issues faced by clients in the financial services industry.

Marty represents clients in all aspects of employment law, including counseling on recruitment, hiring, employment agreements, compensation, and promotions, as well as disciplinary and termination activity, advising on litigation strategy, coordinating the implementation of policies and programs across multiple global jurisdictions, and leading workplace training programs. He also has a wealth of experience with diversity, equity and inclusion policies and programs, including the interplay with Environmental Social Governance (ESG) reporting. Marty’s clients include hedge funds, private equity firms, asset managers and investment banks.

“I am thrilled to join the premier law firm serving the private funds industry and an employment practice that has tremendous experience, depth and breadth in all facets of employment counseling and litigation,” said Marty. “Investment managers have a unique set of challenges in terms of employment issues, given market instability and continued demand for high-performing talent. I look forward to collaborating with my new colleagues and providing the counsel and clarity our clients demand.”

“There is tremendous need for employment counsel that intimately understands the private funds space,” said Mark Brossman, co-head of SRZ’s Employment & Employee Benefits Practice. “Marty’s extensive background and varied experience will allow us to continue to address the complete range of interconnected issues facing investment managers today.”

“Many of our Investment Management partners have known Marty for years through his engagement and stature in the industry,” said David Efron, co-managing partner of SRZ and Investment Management Group partner. “He has a well-earned reputation as an adviser and problem solver, and is one of the leading employment attorneys in the private capital space. We look forward to working with him to propel our clients’ ambitions and allow them to maximize their opportunities.”

Marty received his undergraduate degree from the Cornell University School of Industrial and Labor Relations (ILR) and his J.D. from New York University.

On Oct. 11, 2022, Schulte Roth & Zabel submitted comments to the U.S. Securities and Exchange Commission the Commodity Futures Trading Commission on the agencies’ proposed amendments to Form PF. 

The Form PF Proposed Rules would change both the timing and manner of presenting information in the form, as well as drastically increasing the amount of new data and information to be gathered, calculated and reported.

SRZ’s letter comments on specific questions asked by the Commissions and makes specific suggestions to streamline the new reporting requirements and provide useful information to the regulators.

SRZ is carefully following the development of new rules affecting private investment fund managers and invites continued dialogue on these matters.