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Fund Industry

The fund industry forms a significant part of Charles Russell Speechlys' Financial Services practice.

Our clients include fund managers, investment and asset managers, depositaries and trustees, custodians, administrators and investors as well as other service providers to the industry such as analysts and IT providers. Our clients range from international financial institutions to independent firms who provide wealth management services and family offices, and senior executives.

We have significant experience on the formation and restructuring of investment funds and on their banking and financing requirements.  Our aim is to work with the manager from launch to winding up, advising on the implementation of the fund strategy and any issues that may arise during the fund’s lifetime.

Our lawyers have a wide understanding of the business environment in which the service providers to the fund industry operate. Our lawyers are able to advise firms on financial services regulation, ensuring that our clients operate in a compliant fashion, and assisting in matters such as conduct risk, corporate governance and compliance.  We also have significant experience of advising on mergers and acquisitions and restructuring businesses across the fund industry.

In recent years the focus of the FCA has turned increasingly to the role of executives within the industry. There are now detailed rules and principles regarding how executives must conduct themselves and how they are to be paid. Charles Russell Speechlys regularly advises firms and senior executives in the fund industry on employment, LLP membership, remuneration and incentive issues.

Increasingly, the fund industry is reliant on outsourcing including the provision of IT solutions. Our highly respected Commercial team is experienced in advising on such arrangements.

Inevitably disagreements arise in business whether this is with the PRA or FCA or a commercial dispute. We work closely with clients in these situations always conscious of the wider implications to a firm’s reputation.


Corporate restructuring

Acted on the restructuring of a wealth manager converting from a corporate to an LLP.


Advised a fund manager on a systems outsourcing project.

Regulatory investigation

Advised a financial institution on a section 166 investigation and negotiating a settlement with the regulator.

Senior executive dispute

Acted for a senior executive and business owner in a dispute with the firm regarding loss of executive, employee and shareholder rights and other remuneration entitlements.

AIFM Directive

Advising fund managers, boards of directors and depositaries on implementing the AIFM Directive.