LEONARD NG is a partner at Sidley Austin LLP in London. He is a co-head of the EU Financial Services Regulatory group and a member of the firm’s Investment Funds, Advisers and Derivatives and Banking and Financial Services practices. Leonard advises a wide range of financial institutions on UK and EU financial services regulatory issues and has particular experience in advising investment fund managers and other clients on operating under the post-financial crisis regulatory framework. Leonard is a member of the Board of the Managed Funds Association (MFA), the global trade association for hedge funds. He is also a member of the UK Financial Conduct Authority’s (FCA) Legal Experts Group on the AIFM Directive and is a frequent speaker at industry conferences.
Recent representative matters include:
Advising a global investment funds trade association, investment managers and other financial institutions on the implications of, and strategies for dealing with, EU legislation such as the AIFMD, MiFID / MiFID II, EMIR, REMIT, the Short Selling Regulation, Market Abuse Directive / MAD II and the shadow banking regulatory framework.
Advising some of the world’s largest alternative investment fund managers on operating under the new AIFMD regulatory framework.
Advising a global private equity fund manager on the establishment of a new European investment management and advisory platform.
Establishing a number of investment managers and securities firms / broker-dealers in the UK under the UK Financial Services and Markets Act 2000.
Advising one of Europe’s largest banking groups on the securitization risk retention rules under the EU CRD IV / CRR regulatory capital framework.
In addition to UK and EU regulatory matters, Leonard has extensive experience in advising international clients on the Basel regulatory capital framework, as well as assisting EU-based clients assess the implications of U.S. legislation such as the Dodd Frank Act, in conjunction with colleagues in Sidley’s U.S. offices.
Leonard has received acknowledgement from numerous industry ranking guides. These includeChambers UK 2015, in which he is ranked as a “Leading Individual” in Financial Services: Non-contentious Regulatory. Editors of Chambers said, “Leonard Ng of Sidley Austin LLP is very highly regarded by peers and clients alike for his expertise in the non-contentious field.” Sources told the publication, “Leonard can do no wrong. He's first-rate, particularly on various pieces of European legislation and regulation. He's a great technician.”
A year earlier, Chambers UK noted his ability to advise on non-contentious matters in the area of Financial Services—UK-wide. Sources told that publication that Leonard “is incredibly responsive, has great attention to detail, and is very clear and concise in his answers and his advice.”
Leonard was also recognized as a “Leading Lawyer” in the 2014 edition of IFLR1000, with sources telling that publication, "I would say that Leonard is a machine but that wouldn't be fair because doing so would ignore his personal touch and agreeable demeanour. It's a pleasure working with someone who not only knows the way forward every time but also happens to be a really good guy."
In its 2014 edition, Legal 500: United Kingdom recommended “the ‘very credible’ Leonard Ng”in its Corporate and Commercial – Financial Services (Non-contentious/regulatory) category. He was similarly “singled out” in the area of Investment Funds. In addition, he was named a “Best Lawyer” in the 2015 edition of Best Lawyers in the United Kingdom in the area of Financial Services.
Leonard has also been interviewed widely for his thought leadership, including in such national publications as the New York Times’ Dealbook and Financial Times. He has also been featured in numerous industry outlets, including HFMweek, Financial News, Private Equity News, Institutional Investor Magazine and Global Risk Regulator.