Shehan Kamal

Shehan Kamal advises on complex technology, outsourcing and transformation projects, with a particular focus on both customers and suppliers in the financial services and technology sectors.

He acts for leading banks, digital challengers and corporate customers, bringing a balanced perspective on market practice, regulatory expectations and commercial risk. His experience spans outsourcing (including financial services outsourcing), payments and multijurisdictional technology projects, including SaaS, licensing, maintenance, development and complex supply-chain alignment arrangements.

Shehan’s recent work includes advising the Securities Services division of a global bank on the first-generation outsourcing of fund order routing, settlement and safekeeping across multiple hubs and jurisdictions for assets exceeding £300bn; advising a technology supplier to the EBRD on a SAP transformation programme; and supporting a UK digital bank on the replacement of a critical supplier for its retail investment platform serving over 360,000 customers.

He also advises on banking product terms, ensuring contractual and regulatory alignment across the banking supply chain, including upstream supplier compliance with PRA SS2/21, EBA Outsourcing Guidelines, Solvency II, DORA, and downstream customer compliance with the Payment Services Regulations and the Consumer Duty.

Shehan’s in-house experience with a global technology company and secondment experience with multiple financial institutions gives him practical insight into the operational, legal and governance challenges of large-scale transformation. Clients value his calm, strategic approach and ability to translate complex frameworks into clear, actionable advice.

The Legal 500 research team have collated the below:

• Shehan Kamal is well-versed in matters arising at the intersection between tech and financial services, often assisting with the negotiation of commercial agreements

• Shehan Kamal is a very strong Associate. He has a very good understanding of our business and the legal concerns of tech businesses more generally.

• Richard Hill and Shehan Kamal are great to work with - diligent, into the detail and commercial.

The Chambers team have recognised Shehan as an “Associate to Watch” and have stated “Shehan Kamal is recommended for his ability to handle complex technology contract negotiations and agreements.”