Private Banking and Wealth Managers

Overview

Hong Kong is a leading private banking and wealth management centre that boasts access to a broad and deep market of high net worth individuals seeking to improve returns on their assets but also to protect their assets. Since the global financial crisis in 2008, the standards of investor protection have continued to tighten year after year, creating an increasingly challenging operating environment for wealth managers.

We provide comprehensive advice on a wide range of corporate, regulatory, and tax issues in relation to the establishment of wealth management operations, the development of new wealth management products, and the marketing of wealth management products and services. Clients from this industry frequently seek our advice to minimize regulatory risks, particularly with respect to conduct of business requirements, and to manage regulatory relationships with the Securities and Futures Commission and the Hong Kong Monetary Authority.

Experience

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  • Co-counsel to a Fortune Global 200 financial institution in a USD80 million spin-off of its global private wealth management operations

  • Lead counsel to a Fortune Global 200 bank on its acquisition of a Hong Kong private client financial advisory business

  • Advising a leading Swiss private banking group with assets under management in excess of 350 billion Swiss Francs in connection to Hong Kong regulatory issues related to dealing in listed index options

  • Advising Hong Kong asset managers in highlighting risks and recommendations in advance of SFC inspections

  • Advising a private wealth management group in Asia in connection with an SFC investigation regarding suitability and record keeping

  • Advising and representing a Greater China focused private wealth management group in connection with an SFC investigation as to whether or not the real estate investment arrangements marketed by the client constituted a collective investment scheme under the Securities and Futures Ordinance

  • Advising a SFC licensed multi-family office with an SFC investigation in connection with alleged lack of internal controls and non-compliance with client mandate

  • Co-counsel to a Fortune Global 200 financial institution in a USD80 million spin-off of its global private wealth management operations

  • Lead counsel to a Fortune Global 200 bank on its acquisition of a Hong Kong private client financial advisory business

  • Advising a leading Swiss private banking group with assets under management in excess of 350 billion Swiss Francs in connection to Hong Kong regulatory issues related to dealing in listed index options

  • Advising Hong Kong asset managers in highlighting risks and recommendations in advance of SFC inspections

  • Advising a private wealth management group in Asia in connection with an SFC investigation regarding suitability and record keeping

  • Advising and representing a Greater China focused private wealth management group in connection with an SFC investigation as to whether or not the real estate investment arrangements marketed by the client constituted a collective investment scheme under the Securities and Futures Ordinance

  • Advising a SFC licensed multi-family office with an SFC investigation in connection with alleged lack of internal controls and non-compliance with client mandate

Awards

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  • Corporate INTL Magazine

    Regulatory Law Firm of the Year in Hong Kong

    Financial Services Regulatory

  • Chambers & Partners

    Leading Practice

    Financial Services Regulatory

  • Chambers & Partners

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    "Recommended Practice"

    Financial Services Regulatory

  • IFLR 1000

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Market-Leading Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Leading Lawyer

    Financial Services Regulatory

  • Asialaw Leading Lawyers

    Market-Leading Lawyer

    Financial Services Regulatory

  • Asialaw Profiles

    Outstanding Practice

    Financial Services Regulatory

  • IFLR 1000

    "Positively Ranked"

    Financial Services Regulatory

  • IFLR 1000

    Highly Regarded Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Well Regarded Lawyer

    Financial Services Regulatory

  • Corporate INTL Magazine

    Regulatory Law Firm of the Year in Hong Kong

    Financial Services Regulatory

  • Chambers & Partners

    Leading Practice

    Financial Services Regulatory

  • Chambers & Partners

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    "Recommended Practice"

    Financial Services Regulatory

  • IFLR 1000

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Market-Leading Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Leading Lawyer

    Financial Services Regulatory

  • Asialaw Leading Lawyers

    Market-Leading Lawyer

    Financial Services Regulatory

  • Asialaw Profiles

    Outstanding Practice

    Financial Services Regulatory

  • IFLR 1000

    "Positively Ranked"

    Financial Services Regulatory

  • IFLR 1000

    Highly Regarded Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Well Regarded Lawyer

    Financial Services Regulatory

Insights