UK firm Ashurst has strengthened its global markets practice with the hire of Jessica Li as a partner in Hong Kong from Magic Circle firm Allen & Overy, where she was a counsel.

Li specialises in debt capital market transactions, including standalone bond offerings, MTN programme establishment and note issuances, with a focus on China-related markets.

Before joining Allen & Overy in 2013, Li worked with Clifford Chance in the firm’s London and Hong Kong offices.

Li’s hire comes only days after Freshfields Bruckhaus Deringer’s former head of Asia sanctions, Alexander Dmitrenko, joined Ashurst as a partner in Tokyo.

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