Andy is a well-regarded partner in our Financial Services team. He undertakes a wide range of general financial services work, as well as advising on fund formation and operation and securities law issues. His broad range of clients include asset managers, investment fund managers, non-financial sector institutions and private banks.
Andy's focus is on the establishment, management and winding up of investment funds, advising on the regulatory aspects of the sale and purchase of regulated firms. Non-financial sector institutions such as charities, universities and schools turn to him for advice on the impact of financial services legislation on their businesses. He also advises issuers and investors on securities regulation.
He has particular expertise in advising investment fund managers on the impact of the Alternative Investment Fund Managers Directive (AIFMD), including, capital requirements, leverage, relationships with administrators, depositaries and fund marketing. He also regularly advises private banks, investment managers and fund managers on general Conduct of Business issues including the Market Abuse Regulation (MAR) and FCA and PRA prudential requirements. He also advises on issues arising on the sale and purchase of regulated firms, including the FCA's Change in Control Regime.
Andy has a particular interest in fintech and has advised on the establishment of several fintech-based products and services. He also has significant expertise in advising on outsourcing arrangements in the financial services sector.
Andy has a strong knowledge of the issues that arise around capital-raising, with a focus on social investment, charities and education, and covering the scope of regulation, structuring and marketing. He often advises on note issues via the Model X note purchase agreement.