Jon is a leading corporate and financial services lawyer, specialising in complex transactions, funds management and investment distribution.
Jon provides advice to leading Australian and international financial services clients on the full range of corporate, commercial and regulatory issues facing these businesses. He has considerable experience advising them on significant strategic initiatives including cross-border transactions, entering the Australian market, acquisitions, disposals and restructuring of their businesses.
Jon also regularly advises on day-to-day funds management issues including fund structuring, disclosure, investment management and outsourcing arrangements. He has particular expertise in the area of investment distribution and has advised on key projects for financial institutions in the areas of platforms and advice.
Recently, Jon advised a global fund manager on the establishment of $2bn and $5bn fund-of-one registered schemes as part of the expansion of its Australian business. Jon has also advised on the establishment of a fully digital investment platform, the negotiation of material outsourcing arrangements for a global investment bank and a scheme modernisation project for a leading Australian fund manager. Jon's experience also includes advising on the establishment of the Australian operations of a global diversified financial services business, including regulatory and corporate issues related to its expansion.
Jon's clients value his advice on recent law reforms, including around fees and costs disclosure (RG 97) and the incoming product design and distribution obligations. Jon is a regular participant on Financial Services Council working groups and has experience working with ASIC and Treasury on material law reforms.
ASIC has today extended relief for certain foreign financial services providers (FFSPs) in sufficiently equivalent regulatory regimes from the requirement to hold an Australian financial services licence (AFSL) when providing financial services to wholesale clients. .
September 21, 2018
ASIC has today published the findings of its independent expert’s review of the fees and costs disclosure regime. The expert’s report is here. .
July 05, 2018