Michele Navazio
Biography
Michele (Miki) Navazio is a partner in the Finance Practice Group and co-chair of the Derivatives Practice Group in Haynes Boone’s New York office. Miki represents hedge funds, asset managers, private equity firms, mutual funds, institutional investors and corporate end-users in derivatives, structured products and repo transactions. He structures, documents and negotiates over-the-counter derivatives and related trading arrangements, including credit default swaps and total return swaps used to obtain synthetic or leveraged exposure to a wide range of underlying assets.
Miki advises buy-side clients in connection with derivatives transactions and trading matters, including regulations that affect the derivatives markets. His work includes helping clients structure and negotiate complex trading arrangements, address derivatives regulatory requirements, manage liquidity and margin obligations through tools such as margin lockups, and assess counterparty credit risk, including through triparty swap margin segregation arrangements. Miki’s derivatives and finance experience spans structured credit and asset repack transactions, CDS, total return swaps across loan, bond and equity underliers, variance swaps, exotic OTC options, interest rate, FX and commodity derivatives, ISDA master agreements and collateral arrangements, tri-party custody arrangements, prime brokerage, futures and swap clearing agreements, derivatives/PB intermediation, repurchase agreements, ABS forward transaction agreements, securities lending agreements and master confirmations.
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- "Narrowing the Digital Divide – Recent CFTC and SEC Guidance on Cross-Border Activities and Technology/Interface Providers and Impact on Digital Asset Markets," co-author, 2026 edition of International Comparative Legal Guide – Derivatives, July 9, 2026.
- "U.S. Treasury Repo Clearing: The Countdown is ON!," co-author, Haynes Boone Client Alert, June 29, 2026.
- “Making Treasury Clearing Efficient,” panelist, ISDA Treasury Forum, New York, NY, June 11, 2026.
- “No-Action for the Holidays: Assessing the CFTC’s Flurry of Relief,” panelist, New York State Bar Association – Derivatives and Structured Products Law Committee, February 5, 2026.
- “U.S. CFTC’s Cross-Border Regulation of Derivatives,” co-author, Futures and Derivatives Law Report (Thomson Reuters), Volume 46, Issue 2, February 2026.
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Education
- J.D., Fordham University School of Law, 2003
- B.A., Music, Wesleyan University, 1982
Admissions
- New York
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What types of clients do you work with in derivatives and structured finance matters?
I represent hedge funds, asset managers, private equity firms, mutual funds, institutional investors and corporate end-users. My practice is particularly focused on buy-side clients involved in derivatives transactions, trading matters, structured products, and TRS and repo repack facilities.
What kinds of derivatives transactions do you help clients structure and negotiate?
I help clients structure, document and negotiate over-the-counter derivatives and related trading arrangements. That includes credit default swaps, total return swaps, variance swaps, exotic OTC options, interest rate, FX and commodity derivatives, ISDA master agreements, collateral arrangements and master confirmations.
How do you help clients manage margin, liquidity and counterparty credit risk?
I advise clients on trading structures and documentation designed to address liquidity and margin obligations, including margin lockups. I also help clients evaluate and address counterparty credit risk, including through margin segregation and lock-up arrangements.
What experience do you bring to derivatives regulatory matters?
I advise buy-side clients on regulations affecting the derivatives markets. My work includes helping clients develop strategies to comply with derivatives regulatory requirements in connection with complex trading arrangements and related documentation.
CFTC and SEC Digital Asset Guidance: Key Takeaways from Navazio, Sung and Ivey's ICLG 2026 Chapter
August 31, 2026