Tax issues on stake sales and investment into managers: structuring, pitfalls and steps to take now
About
Rob specialises in derivatives, securities finance and prime brokerage. He has considerable experience of trading, custody, brokerage and clearing agreements for derivative products, repos / stock lending and physical commodities.
Rob advises brokers and buy-side clients across a wide range of asset classes, and on the associated regulations and issues of market practice.
Rob advises investment and hedge funds, banks, pension funds and insurers, high-net-worth individuals and corporates on a broad range of documents and transactions. These include equity and credit derivatives, OTC derivative clearing and exchange-traded derivatives, prime brokerage, repo and securities lending, custody, margin financing, FX and commodities.
Prior to joining Macfarlanes, Rob worked for investment banks in London for 17 years, most recently for UBS, where he was a Managing Director and Head of the European Equity Derivatives and Prime Brokerage legal teams. Prior to UBS, Rob worked for Nomura International and Lehman Brothers; and for the New Zealand Securities Commission prior to arriving in the UK.
Rob has been involved in contributions on numerous regulatory initiatives, including OTC derivatives clearing, short-selling, safe cus
Experience
- Advising a large number of asset managers and brokers on the implementation of collateral requirements for OTC derivatives.
- Advising asset managers on the implications of clearing derivatives and how to manage the risks in the clearing process.
- Advising asset managers on the requirements of the Securities Financing Transactions Regulation for their stock loan, repo and cash finance transactions.
- Advising a major institutional fund manager on legal implications of derivative products adapted for restricted Asian markets.
- Advising a major UK broker on liquidity enhancement derivatives.
- Advising a regulated firm on the implications and course of action to take with stakeholders following regulatory action being taken against employees.
- Advising a leading fund manager on structured emerging market equity derivative transactions.