 After working at several law firms in his early career, Auerbach was named Partner at McDermott, Will & Emery (1991-1992) and then served as Branch Chief, Assistant to the Associate Chief Counsel of the Internal Revenue Service (1992-1994).Auerbach launched his banking career at Morgan Stanley (1995-1997) as Principal (Co-Head) of a joint venture between the firm’s Derivatives & Debt Capital Markets groups and went on to become Managing Director and Head of Structured Capital Markets at Barclays Capital (1997-1999).After working in the Debt Capital Markets and Credit Derivatives units at Goldman Sachs, Auerbach joined Goldman’s Special Situations Group in December 2003.