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Alexander McMyn Joins White & Case as a Partner in Singapore

Global law firm White & Case LLP has expanded its Global Banking Practice with the addition of Alexander (Xander) McMyn as a partner in Singapore.

“Singapore is the key financial hub in the Southeast Asian bank finance market, which has matured significantly in recent years with a marked increase in sophisticated financial sponsor activity,” said White & Case partner Eric Leicht, who leads the Firm’s Global Banking Practice. “Xander’s addition sends a clear signal that White & Case is determined to continue growing its role advising clients across Asia-Pacific on their most important financing transactions.”

McMyn has more than a decade of experience in Asia-Pacific and is recognized as a leading lawyer in the region’s finance market. He advises creditors, sponsors and borrowers on a wide range of transactions and has a particular focus on key investment destinations such as India, Indonesia and Australia, as well a thorough knowledge of other emerging Asia-Pacific markets. McMyn’s breadth of experience in the region is reflected in the variety of structures with which he is familiar – clients turn to him for advice on event-driven, structured and limited-recourse financings as well as commodities-related investments. Recently, a significant amount of McMyn’s work has involved the reassessment and restructuring of transactions that have not performed in the current environment. He joins White & Case from Hogan Lovells, where he was a partner, and brings nearly 20 years of experience.

“Xander is a leading lawyer with a substantial reputation in the Asia-Pacific finance market and strong relationships with key financial institutions in Singapore and across the region,” said White & Case partner Baldwin Cheng, Regional Section Head, Asia-Pacific Corporate, Finance & Restructuring. “Xander adds materially to our Asia-Pacific banking team, which is tier one ranked in Greater China and Japan, and he will play a particularly important role as we continue leveraging our capabilities in Southeast Asia.”

White & Case partner Eric Berg, Head of Asia-Pacific, said: “Xander’s arrival is a further demonstration of our ongoing pursuit of the Firm’s strategic growth priorities in Asia-Pacific. A combination of lateral additions and internal promotions have added ten new partners in the region over the past year, and these lawyers have strengthened our strategically key disputes, finance and M&A practices in Australia, China, Japan, Hong Kong and Singapore.”

Hogan Lovells reports rise for equity partners

Partners at transatlantic firm Hogan Lovells increased their profit share in the last calendar year, the firm’s latest results indicate. Profit per equity partner rose 4% to £1.035m in the year ending 31 December 2018, up from £996,000 in 2017.

The firm did not provide an overall pre-tax profit figure. Revenue rose from £1.581bn to £1.596bn – a 0.9% increase. Calculated in US dollars, profit per equity partner was $1.381m, up from $1.283m. Revenue was $2.11bn, up from $2.037bn.

Chief executive Steve Immelt said the firm expects an ’increasingly volatile global economy’ in the year ahead, with trade tensions and uncertainty caused by political instability such as Brexit creating a slow-down effect.

He added: ‘Having broken through the $2 billion revenue barrier in 2017 we have consolidated that position with further growth of just over 4% of revenue in 2018, as well as higher increases in revenue per lawyer and profits per equity partner.’

Barbara Angus appointed EY Global Tax Policy Leader

EY announces the appointment of Barbara Angus to the role of EY Global Tax Policy Leader. The EY global tax policy network of professionals advises companies and engages with governments on the development and implementation of policy initiatives in more than 140 jurisdictions across the globe. Based in Washington, DC, Barbara will focus on engagement with key policymakers and clients globally.

Barbara was previously Chief Tax Counsel for the Committee on Ways and Means of the U.S. House of Representatives, where she played an integral role in the development of the Tax Cuts and Jobs Act of 2017 (TCJA), the most significant change to the US tax code in more than 30 years.

Kate Barton, EY Global Vice Chair – Tax, says:

“Today’s shifting tax landscape requires new levels of agility and preparedness as countries around the world undertake tax reform. Barbara’s deep knowledge of international tax law and direct hand in shaping the current US tax code give her a unique perspective to help clients comply with and apply the complexities of the laws in a rapidly changing global landscape. I’m thrilled to welcome Barbara back to EY at this time of incredible change.”

Congressman Kevin Brady (R-TX), the lead Republican on the House Ways and Means Committee, says:

“Few in Washington match Barbara’s intelligence, leadership and work ethic. Her efforts changed history, helping us create a tax code that works for families and Main Street businesses. I am so thankful for her guidance and friendship these past three years and wish her all the best in this next chapter – she will be missed dearly by our Committee.”

Barbara Angus, incoming EY Global Tax Policy Leader, says:

“Following US tax reform, as governments face revenue pressures in an ever-changing global economy, tax policy is being debated in jurisdictions around the world. It is critically important for companies to be actively engaged as developments play out across the countries where they do business. I am excited about the opportunity to be part of the global EY network, providing coordinated support to clients as they participate in the global tax policy dialogue and prepare for shifts in the global tax environment.”