ABOUT US

Independent. Insightful. Globally connected.

About Flat98 Strategies

Flat98 Strategies exists to help institutions make high-stakes decisions with clarity, precision, and foresight. We operate at the intersection of regulation, finance, market structure, and international policy—advising clients whose success depends on anticipating change rather than reacting to it.

Our work is grounded in deep experience across banking, derivatives, securities regulation, capital markets policy, and cross-border trade. Clients rely on us when the issues are complex, the stakes are high, and discretion matters.

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When it comes to Flat98 Strategies, the issues that we face and our dedication to offering a more effective solution are at the core of our business.

Our Approach

Independent Judgement

  • We provide unvarnished analysis and strategic guidance informed by regulatory knowledge and market experience.

Clarity in Complexity

  • We translate dense policies, evolving rules, and global developments into actionable insights for boards and executives.

Results with Discretion

  • Our work is confidential, impact-focused, and designed for long-term institutional advantage.

Team

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Justin M. Underwood, Founder & Managing Principal

Justin is a policy strategist and capital markets advisor with deep experience in bank regulation, derivatives, market structure, and international financial policy. His career includes leadership roles across key financial institutions, regulatory affairs organizations, and cross-border business councils.

He has advised national policymakers, banks, investment managers, trade associations, and multinational companies navigating high-stakes regulatory and market issues. Justin’s background includes:

  • Designing policy strategies for complex capital markets issues, including derivatives risk, liquidity, collateral, and systemic market structure.

  • Leading regulatory advocacy and capital markets analysis for financial institutions and industry groups.

  • Supporting cross-border trade and investment strategies—including U.S.-Africa economic engagement.

  • Helping boards and senior executives interpret regulatory developments, model impacts, and communicate effectively with stakeholders.

Justin holds an MBA and an MA in Government from Johns Hopkins University. A commitment to clarity, precision, and global perspective shapes his advisory work.

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Why us?

Our Vision

To lead with credibility and openness to bring about positive change and successful advocacy on a global scale.

Our Mission

At Flat98 Strategies, we use rigorous research, analysis, and communication to give our clients unmatched insights and advocacy. We adhere to the principles of integrity in negotiating regulatory and legislative landscapes to make every choice and action effective and right.

The four essential values of our organization are honesty, accuracy, credibility, and openness. We follow these standards to ensure our research and products are reliable and respected. We promote informed participation and effective advocacy by upholding the highest ethical standards and developing confidence through transparent processes. These beliefs help us make a difference for our clients and communities and bring about good change.

Our Values