Partner

Leonard Ng

Banking and Financial Services
Investment Funds
Securities Enforcement and Regulatory

lng@sidley.com

London +44 20 7360 3667

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Leonard Ng Hedge Fund Journal Awards 2019 — Leonard was honored with the “Outstanding Contribution Award” at *The Hedge Fund Journal* Awards.

LEONARD NG is a member of the firm’s Executive Committee and co-head of the UK/EU Financial Services Regulatory group. Based in the London office, Leonard advises a wide range of global financial institutions on complex UK/EU financial services regulatory issues. He has particular experience in advising clients on operating under the regulatory framework established after the last financial crisis, and more recently on Brexit, sustainable finance/ESG, and crypto-asset regulation. Leonard is a past member of the Board of the Managed Funds Association (MFA), the global trade association for hedge funds, and is a frequent speaker at industry conferences.

Leonard has received acknowledgement from numerous industry ranking guides:

Financial News Europe 2022 - Selected as one of Financial News’ Fifty Most Influential Lawyers.
Chambers UK 2023 – Ranked for Financial Services: Non-contentious Regulatory where clients praise “his combination of professionalism, wisdom and commercialism is rare and incredibly valuable.”
The Legal 500 UK 2023 – Recognized as a “Leading Individual” in Financial Services where he is described as an “expert in ESG, sustainable finance, crypto-asset and Brexit-related regulation,” and is also recommended in the area of Hedge Funds.
Who’s Who Legal 2023 – Recognized as Thought Leader in Global Elite, Private Funds, Regulatory and Global Banking Regulation Review.
Chambers UK 2022 – Ranked for Financial Services: Non-contentious Regulatory where clients note “He's a strong technical operator. He has consistently impressed us with his expertise, timeliness, and understanding of the political environment and rule-making process for financial regulation in the UK and EU.”
The Legal 500 UK 2022 – Recognized as a “Leading Individual” in Financial Services where he is described as “an expert in the intersection between EU and UK financial services regulatory law.”
Best Lawyers 2022 – Named in the area of Financial Services and Investment Funds.
Who’s Who Legal 2022 – Recognized as Global Leader in Private Funds, Regulatory, Banking Finance and in Banking Regulatory. In previous editions, he is described as “a great regulatory lawyer” and “at the top of the market.”
Chambers UK 2021 – Ranked as a Leading Individual for Financial Services: Non-contentious Regulatory. Commentators note “He's one of the leading lights in regulation affecting alternative funds. He's a trusted source and can be relied on to provide us with deep coverage of everything we'd need to know.”
Who’s Who Legal 2021 – Recognized as a Though Leader in Banking and Global Banking Regulation Review.
IFLR1000 2021 – Recognized as a Market Leader.

In February 2019, Leonard was honored with the “Outstanding Contribution Award” which was presented at The Hedge Fund Journal Awards.

Leonard has also been interviewed widely for his thought leadership, including in such national publications as the Financial Times, Reuters, Wall Street Journal and New York Times’ Dealbook. He has also been featured in numerous industry outlets, including Bloomberg Briefs, HFMWeek, Financial News, Risk, Private Equity News, Asian Investor, Law360, Institutional Investor Magazine and Global Risk Regulator.

Experience

Recent representative matters include:

Advising Clearlake Capital Group, L.P. in its acquisition of Chelsea Football Club and related affiliates in a consortium co-led with Todd Boehly, Chairman and CEO of Eldridge. The acquisition was named “Private Equity Deal of the Year” at The Deal Awards 2022.
Advising Colliers on the acquisition of a 75% strategic investment in Basalt Infrastructure Partners LLP.
Advising Northwood Investors on the Sale of 20 Gracechurch Street in London.
Advising Fortress Investment Group on the acquisition of Punch Pubs & Co.
Advising Travelex on its financial and operational restructuring.
Advising financial institutions on their post-Brexit operations and the implications of Brexit from a wider strategic perspective.
Advising on the implementation of the new UK Investment Firm Prudential Regime (IFPR).
Advising on the new regulatory framework for sustainable finance/ESG.
Advising on the risk retention framework under the UK and EU Securitisation Regulations.
Advising on the developing UK/EU regulatory framework for crypto-assets, including the proposed EU Markets in Crypto-Assets Regulation.
Advising on other general UK/EU financial services legislation including MiFID II, AIFMD, UCITS Directive, Market Abuse Regulation, Short Selling Regulation, Transparency Directive, EMIR, SFTR, and REMIT.
Primary counsel to a global investment fund trade association and its members on all aspects of UK/EU financial services policy and regulation.
Establishing investment managers and securities firms/broker-dealers in the UK under the UK Financial Services and Markets Act 2000 and providing ongoing regulatory and compliance advice.
Advising on regulatory change in control issues arising out of M&A and restructuring transactions.

In addition to UK and EU regulatory matters, Leonard has extensive experience in advising clients on the international regulatory capital framework, as well as assisting EU-based clients assess the implications of U.S. financial services legislation in conjunction with colleagues in Sidley’s offices in the U.S.

Leonard is a past board member of the Managed Funds Association (MFA).

Credentials

Admissions & Certifications

England and Wales (Solicitor)

Education

The University of Chicago Law School, LL.M., 1997
National University of Singapore, LL.B., 1994 (with honors)