WongPartnership has acquired a three-partner boutique funds practice, and in a separate senior hire, appointed shipping veteran Ian Koh from local rival Drew & Napier to spearhead its new shipping & international trade practice.
Colin Chan, Goh Boon Ming and Vincent Chan, joint founders of Chan & Goh, have come on board just as the funds battle between Singapore and other financial centres in Asia starts to heat up.
“There are over 600 financial institutions operating in Singapore, servicing the Asia Pacific region. Riding on the economic growth, we would like to make further inroads into advising on the wide array of financial products and services – in particular, in the area of funds management, capital markets, exchange traded funds, real estate investment trusts and business trusts,” said Rachel Eng, WongPartnership’s managing partner.
The firm is just as keen to build its shipping practice. Ian Koh, who was a director in-charge of Drew & Napier’s shipping & international trade business group, will now lead the firm’s shipping & international trade practice and joins the firm as a litigation and arbitration partner. His practice involves disputes in sale of goods, commodities, oil and trade finance.
With the latest hires, WongPartnership has 90 partners and a total of over 250 lawyers making it the 2nd largest domestic law firm in the Lion City.ALB
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