Financial Services (International Firms) - China
What the team is known for
Ashurst works closely with other offices in its international network to provide a solid cross-border offering. The practice is experienced in handling non-contentious matters but is best known for its skill in contentious issues, often assisting clients with investigations and enforcement actions involving the SFC, the HKMA and the Hong Kong Stock Exchange, as well as internal compliance reviews and reforms. The team makes use of its strong network in Asia to advise on local and international regulatory issues, with an impressive client base drawn from the banking, insurance, asset management and accountancy sectors. Its clients benefit from its ability to offer PRC law advice through its joint operations office with PRC law firm Guantao. Ashurst's key clients include Goldman Sachs, RBC Investment Services (Asia) and Royal Bank of Canada.
Strengths
"They are subject matter experts. They are responsive and able to provide strategic advice to the clients, assisting them in achieving great outcomes."
"The team is experienced, with market insight readily available to share with the clients."
Work highlights
Ashurst acted for RBC Investment Services (Asia) in responding to an SFC inquiry into alleged breaches of the Client Money Rules, and two SFC investigations involving the Client Money Rules and Client Securities Rules.
Notable practitioners
Ben Hammond leads Ashurst's non-contentious regulatory practice in Hong Kong. He assists banks, financial institutions, securities traders and funds with their wide-ranging regulatory needs. "Ben Hammond is very responsive, and articulate in his responses." "He always provides top-notch service."
