Baker McKenzie

FinTech Legal Department

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What the team is known for Baker McKenzie Wong & Leow is one of the most prominent international firms operating in Singapore. They are praised for their broad understanding of such FinTech verticals as virtual currencies, blockchain and robo-advisory services. The firm also has financial and payments expertise and advises a broad range of companies from large global entities to Singaporean startups. Clients make note of their global reach when considering the firm's services.

Strengths"They're pretty responsive with follow-ups, and when you tell them ideas they do try to come back with improvements. They are pretty creative, and I like that."

Work highlights Advised Asia Wealth Platform on its successful application to the Monetary Authority of Singapore for a fund management licence to run a digital wealth management platform. This makes Stashaway the first licensed robo-advisor in Singapore.

Notable practitioners

Stephanie Magnus heads the firm's Financial Services Regulatory and FinTech practice in Singapore. She is praised for her regulatory expertise with regards to digital payments. She is part of a number of regulatory panels and has been recognised as being "deeply involved" in the discussions around payments legislation along with being "very good at marrying traditional financial advice with innovation."