Withers KhattarWong LLP, the Singapore office of international law firm Withers, has hired private funds and cross-border investment specialist Daniel Yong as a partner. Yong joins Withers from Morgan Lewis alongside a team of two associates. Yong previously also practiced at Norton Rose and Jones Day.
Yong advises private equity funds, sovereign wealth funds, family offices and corporate clients on a wide range of areas, from regulatory and licensing issues affecting fund managers to fund formation, as well as cross-border M&A and private equity investment transactions in the Asia-Pacific region, including India and China.
Yong's hire in Singapore follows the arrival of a large team of investment funds and real estate investment partners in Withers’ Tokyo and Hong Kong offices in October 2018. The growth of the firm’s funds capabilities in Asia reflects the evolving asset and wealth management landscape in Singapore, as well as the rising trend of private capital participation in significant investment transactions through fund structures.
The Singapore government's efforts to encourage more funds to domicile in the city state comes off the back of private wealth becoming an increasingly popular source of capital and financing. This creates exciting opportunities for Withers with its strong reputation in private wealth, international tax and corporate investment structuring.
Jeremy Wakeham, CEO of Withers' global Business Division, comments, "Working alongside our M&A, capital markets, finance, private client and corporate tax specialists, Daniel will help us guide clients, such as family-owned businesses and investment funds, on funds structuring, taxation, funds formation, and downstream investment activity."