Sumit is a Partner in our UK Financial Regulation Group. He advises on all aspects of financial services legislation and regulation. Sumit’s client base includes global and regional investment banks, asset managers, market makers, insurers, private equity houses and FinTech companies. He advises on the full range of regulatory issues including licensing, ongoing conduct of business issues, regulatory change implementation, product categorisation, governance within financial institutions, market misconduct and AML. In particular, he has advised financial institutions on wide-ranging UK and EU regulatory change projects, including on the implementation of MiFID II, MAR, the Senior Managers and Certification Regime, the ring-fencing regime (on which he was seconded to a major retail bank for six months) and the second European Payments Services Directive.
Sumit has been heavily engaged in the FinTech area, having advised a number of clients on innovative financial service offerings including robo-advice, crypto-related structures and initial coin offerings.
Sumit also provides support to the firm’s transactional teams on the regulatory aspects of M&A, corporate finance and banking transactions.
Sumit regularly helps the industry prepare responses to regulatory consultations and assists with lobbying on issues of industry concern.
In addition to his UK experience, Sumit spent 6 years as head of our Hong Kong financial regulation group.
Sumit is a qualified solicitor in both England and Wales and Hong Kong.