Elena L. DALY
Elena L. Daly is an independent legal expert and adviser specializing in sovereign debt management matters for over 30 years, with an unusually rich transatlantic experience at the intersection of law, business, and innovative finance.
Ms. Daly is the founder and Principal of EM Conseil, https://emconseil.net/, an independent consultancy based in Paris, France. EM Conseil provides strategic and legal risk assessment advice to institutional clients on sovereign debt management matters, debt conversions, fixed income and private equity investments, workouts of distressed financial investments, as well as best practices in governance and compliance.
Elena Daly has advised the International Committee of the Red Cross on a rapid disbursing debt conversion mechanism she designed for expediting the flow of humanitarian relief in affected countries.
During her career Ms. Daly served in General Counsel, strategy and risk-related senior positions at Citigroup, Fortress Group and Nomura International PLC. She advised the NYSE board on international issues.
Ms. Daly started her legal career at Sullivan & Cromwell (1991-1993) and Cleary Gottlieb (1993-2000) in New York and London. A member of New York Bar and a US citizen, she graduated from UC Berkeley School of Law (LL.M.) and Moscow State University School of Law (J.D.) and wrote her Ph.D. dissertation at Columbia University (Harriman Institute).
Elena Daly is a frequent public speaker, and contributing author to the expert volume Sovereign Debt Management (Oxford University Press, 2014), Debt Conversion for Humanitarian and Climate Impact (ICRC, 2023) https://www.icrc.org/en/publication/4712-debt-conversion-humanitarian-and-climate-impact, and Turning Debt into Food (Forbes-Africa, 2024)
https://forbesafrique.com/transformer-la-dette-en-nourriture-part-i/
https://forbesafrique.com/transformer-la-dette-en-nourriture-part-ii/
https://stockholminitiativeforfoodsecurity.org/index.php/2024/10/20/turning-debt-into-food/
Ms. Daly has served as Lecturer in Law at Stanford Law School (2025) and Visiting Lecturer at Stanford Law School, the Center for Commercial Law Studies at Queen Mary University of London, HEC Paris and SciencesPo.
