DEPARTMENT PROFILE

MinterEllisonRuddWatts

Financial Services

2 ranked lawyersBand 1New ZealandAsia-Pacific 2021 View ranking table
chambers review
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Ranked Lawyers
chambers review
department information
Ranked Lawyers

Chambers Review

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

What the team is known for

Retains its position as an outstanding funds group servicing an impressive roster of New Zealand's major banks, funds managers and investors. Advises across all segments of the market on financial services and regulatory compliance matters as well as fund establishment, investments and restructuring. A leading offering for private equity and venture capital funds, and establishing an impressive depth of expertise in the emerging fintech and cryptocurrency spheres.

Strengths

One client says of the team: "Their customer care is exemplary, and the scope of their expertise means that we can task them with most questions and be comfortable that the response will be what we require."

Another interviewee identifies a number of key strengths: "They have expertise and industry knowledge, their costs are clear, fair and competitive, and they know our business well and are proactive in sharing relevant industry developments."

Work highlights

Advised the Bank of New Zealand on a comprehensive overhaul of its structures and processes for the provision of advice to customers, geared to ensuring compliance with the new financial advice regime inaugurated by the passage of the Financial Services Legislation Amendment Act.

Notable practitioners

Jeremy Muir focuses on the provision of fintech advice and financial services regulation issues, as well as fund establishment and restructuring matters. A client praises him as a source of "expert knowledge in financial services" who "explains regulations very well, gives good, balanced advice and makes time to help when urgency requires."

Lloyd Kavanagh is noted for his "expert insight into complex or grey issues," as well as his "good regulatory contacts and expert knowledge in financial services." He is regularly instructed on a variety of complex regulatory mandates.

Department Information

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Overview

The financial services team is at the forefront of development in this highly regulated and constantly changing sector.

The team are regarded as opinion makers on new regulatory and market developments affecting the financial services sector such as the Financial Markets Conduct Act, the Anti- Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act), and the guidance and approach of the Financial Markets Authority (FMA).

The team regularly advise clients on financial services and regulatory compliance, including the regulatory regimes created by the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act) and the Financial Advisers Act (FAA), the new financial advice regime effected by the Financial Services Legislation Amendment Act, together with the prudential regimes for banks and non-bank deposit takers under the Reserve Bank of New Zealand Act, and life insurers and other insurance companies under the Insurance (Prudential Supervision) Act.



Clients

AIG

AMP

Aon New Zealand

Goldman Sachs

MAS

Next Capital

Sharesies

Trustees Executors

Youi

Financial Services Department

MinterEllisonRuddWatts

firm
Department location

Level 22, PwC Tower

15 Customs Street West

Auckland City

Auckland City

Auckland

New Zealand

1010

View Firm Profile

Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

New Zealand

Financial Services


Jeremy Muir
Band 2
Lloyd Kavanagh
Band 1