Financial Services (International Firms)
Greater China Region Guide 2024 : China
Band 2
Email address
[email protected]Contact number
+9714 313 1700Chambers Review
King & Wood Mallesons boasts a strong presence in Hong Kong and the PRC, ensuring comprehensive advice to clients on a range of matters, including complex regulatory investigations and the development of innovative financial products. The firm offers experience in contentious regulatory matters spanning SFC audits, HKMA investigations and appearances before the MMT. It is especially sought out for guidance on the changing regulatory landscape in Mainland China, including on ESG regulations, and is noted for its retail structured products practice and experience advising fintech clients. King & Wood Mallesons assists a range of virtual asset services providers with virtual banking licences, compliance regimes and regulatory issues relating to online payment systems. The firm counts WorldPay, JPMorgan Chase Bank and Mizuho Bank among its clients.
Work Highlights
- King & Wood Mallesons advised a number of financial institutions, including HSBC, Hang Seng Bank and Chong Hing Bank, on 'Wealth Management Connect'-related regulatory issues.
Strengths
Provided by Chambers
"The KWM team provide clear advice on matters which require navigating uncertain regulatory territory, and are able to advise on actionable recommendations to achieve business objectives in line with the applicable laws."
"The firm has deep subject matter expertise, and can help the client clarify and simplify complex issues and provide insightful solution."
"The KWM team provide clear advice on matters which require navigating uncertain regulatory territory, and are able to advise on actionable recommendations to achieve business objectives in line with the applicable laws."
"The firm has deep subject matter expertise, and can help the client clarify and simplify complex issues and provide insightful solution."
Notable Practitioners
Richard Mazzochi is head of King & Wood Mallesons' financial regulatory team and is highly sought after by clients in the fintech and broader technology sectors for his broad-ranging expertise in regulatory issues and licensing applications.
"He drives his team to achieve very desirable outcomes even under rather unreasonable time frames. He is a practical, professional and client-oriented financial services expert in this field."
"Richard is very experienced, with great commercial acumen, and he always responds in a timely manner."
Minny Siu of King & Wood Mallesons' Hong Kong office maintains a notable practice in the financial regulatory space. She continues to advise virtual banks, fintech clients and other financial institutions on a variety of regulatory issues.
"Minny is great to work with. She gets involved in understanding the issues and provides clear and succinct advice that is actionable to achieve our business objectives."
"She is very experienced and always provides constructive advice. She and her team respond promptly as well."
Urszula McCormack remains a noted adviser in the digital payments space and continues to assist international banks with licensing applications and virtual asset regulatory frameworks, in addition to advising international organisations on policymaking.
"Operating in a world where the law is often unsettled, her ability to find practical solutions sensitive to regulatory and consumer expectations has been integral."
"It's a joy to work with Urszula. She knows how to unmask the technical terminologies in the cyber world and leads you to think like a lawyer in the future!"