Legg Mason

Senior Legal Counsel

HK-HK
Req. #
2017-2570
Division
Legal
Position Type
Regular

Position Overview

Legg Mason is seeking a skilled lawyer to join our team in Hong Kong. As Senior Legal Counsel, you would report to the Head of Legal Asia and be responsible for protecting Legg Mason’s legal interests and position, and managing all legal matters, including relationships with external counsel and, where necessary, regulators in North Asia (in particular Hong Kong, Macao, South Korea and PRC).   

Key Responsibilities & Duties Include, but not Limited to

Product Registration and Distribution

  • Advising, preparing and submitting applications to regulators in relation to the establishment and/or registration, and ongoing maintenance, of local and/or cross border funds in North Asia (in particular, Hong Kong, Macao, South Korea and PRC.
  • Liaising with overseas offices and external parties where necessary to assist with product establishment, registrations and the maintenance thereof.
  • Where applicable, preparing constitutive and offering documentation (i.e., trust deeds, prospectuses, information/offering memoranda, etc) and ancillary documents for mutual funds.
  • Drafting, negotiating and preparing agreements with banks and intermediaries (including distribution agreements, terms of business and investment-linked insurance contracts) in relation to the offer of mutual funds.
  • Ensuring all documentation in relation to offering activities comply with applicable regulatory requirements.
  • Providing legal advice and support to the sales, client servicing, marketing, PR and product functions responsible for funds distribution on such matters as: (i) the structuring, establishment, registration and maintenance of products; (ii) entering into new markets; (iii) marketing initiatives and materials; and (iv) necessary ancillary documentation.

General corporate and shared services matters

  • Handling and/or advising on all corporate matters, including (but not limited to) legal vehicle governance and company secretarial matters, the licensing/registration of entities and/or individuals, products, insurance and intellectual property rights in the region.
  • Providing legal advice and support to fellow corporate shared services functions, including Compliance, Finance, HR, IT and Operations, including drafting, negotiating, and reviewing third party service contracts, vendor agreements, confidentiality agreements and intra-group service level agreements.
  • Handling all litigation matters, and instructing and liaising with external counsel in relation to such matters as appropriate.
  • Advising and providing training to the business in relation to new regulations and laws in the region, as well as other international laws applicable to Legg Mason’s business.
  • Collaborating closely with other legal teams within Legg Mason’s or affiliate managers’ international offices on global initiatives and other matters (e.g. Group IP, Group Litigation, Mergers and Acquisitions, Global Fiduciary Platform, etc.).
  • Advising and assisting with any corporate acquisitions, structuring/re-structuring, mergers and other related matters as appropriate.

Investment management and institutional matters

  • Where applicable, providing legal advice and support to the investment management teams of affiliate managers.
  • Where applicable, assisting in drafting, negotiating and/or reviewing investment management related agreements in relation to both intra-company arrangements and assisting with affiliate managers with institutional client mandates, e.g. IMAs, sub-advisory agreements, sub-delegation agreements, SLAs, etc.
  • Providing legal advice and support to the sales, marketing and client servicing teams in their dealings with both existing and potential clients, on such matters as: (i) marketing activities; and (ii) associated documentation and/or correspondence.

Ideal Qualifications and Experience

  • Qualified lawyer in a common law jurisdiction with at least 5 years’ PQE, of which should include a minimum of 2 years’ relevant in-house experience.
  • General asset management and SFC fund authorization experience required.
  • Solid understanding of Hong Kong and international legal and regulatory framework.
  • Must be able to take ownership and act independently; be responsible, meticulous and able to work under pressure.
  • Proactive, confident, creative and a team player.
  • Fluency in both written and spoken English, Cantonese and Putonghua essential.
  • Good interpersonal and communication skills.

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