I constantly strive for technical excellence and commercial outcomes that add real value for my clients.

Jon in 60 seconds

Jon has extensive experience in corporate and financial services law, specialising in complex transactions, funds management and investment distribution. Jon also advises on regulatory issues relating to the use of technology in financial services.

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 establishing, buying into, selling and restructuring their businesses.

Jon regularly advises on 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 platform operators and advice providers.

Recently, Jon has advised on the establishment of a fully digital investment platform, the negotiation of a material outsourcing arrangement for a global investment bank and a scheme modernisation project for a leading Australian fund manager. Jon has also recently advised 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 product disclosure statements and the digital provision of financial services. Jon is consulting to the Committee for Sydney and is a regular participant on Financial Services Council working groups.

Qualifications

  • BA (Hons), LLM

    International experience

    Jon previously worked at Clifford Chance in London and Singapore.

Independent Recognition

  • Recognised in Investment Funds by Chambers Asia-Pacific 2016, 2015, 2014, 2013 and 2012
  • Listed as an expert in Funds Management in Best Lawyers 2017, 2016

Industry associations

  • Jon is a regular participant on Financial Services Council working groups

Jon's Recent Experience

Big 4 Australian Bank

Advised the institutional arm of a big 4 retail bank on the structuring and establishment of a registered scheme to be operated as a separately managed account platform. Advised on key structuring considerations, the product disclosure statement and the scheme constitution. Also advised on various arrangements relating to the offer, including digital distribution arrangements for the product.

Big 4 Australian Bank

Advised on the disposal and management buy-out of a funds management business. Advised on deal structuring and the disposal process as well as the requirements for changing the responsible entity of a registered scheme for which the exiting business acted as fund manager. Prepared the principal sale documentation and assisted with negotiation.

Global Fund Manager

Acted on the establishment of the Australian operations of a global property fund manager. Assistance included advice on their application for an Australian financial services licence. Also advised on various related arrangements including the group's investment management arrangements and corporate structure as well as advice on regulatory matters relating to their business.

Global Fund Manager

Assisted a global fund manager on its product disclosure statement transition project from omnibus to shorter form. Advised on the options and different disclosure requirements for the various funds. In addition, provided related advice on areas of regulation which were changing as the project progressed, including the hedge funds classification, privacy laws, fee disclosure and disclosure in relation to custodians.

Global Investment Bank

Advised the wealth management arm of a global investment bank on the engagement of a third party service provider to deliver portfolio management services in relation to individually managed accounts offered by the bank. Assisted with negotiation of the outsourcing agreement and provided associated advices on the managed account arrangements, including the terms of the offering documentation.

Jon's Recent Insights

The Monthly Wrap Up – April 2017

  • 03 May 2017

ASIC updates FAQs on fees and costs disclosureOn 27 April 2017 ASIC updated its FAQs on fees and costs disclosure. The updates are to questions 9 to 13, which concern disclosure of performance fees...

ASIC releases guide on risk management systems – how will responsible entities be impacted?

  • 10 Apr 2017

On 27 March 2017 ASIC released Regulatory Guide 259: Risk management systems of responsible entities (RG 259). RG 259 provides guidance for responsible entities (REs) on how to comply with their AF...

Beware ASIC acts on licensing exemption compliance failures

  • 24 Mar 2017

Earlier this week the Australian Securities and Investments Commission (ASIC) accepted an enforceable undertaking (EU) from three related foreign financial services providers (FFSPs), which include...

THE WRAP - DECEMBER 2016

  • 13 Dec 2016

In this specially-themed edition of The Wrap we consider how innovation as a concept is driving different initiatives in the financial services industry. Innovation has become a commonly ...