Freshfields loses Hong Kong leader as Sullivan sets up shop

Sullivan & Cromwell has raided Freshfields Bruckhaus Deringer to become the latest Wall St elite firm in recent months to launch a Hong Kong local law practice.

The firm announced today that it will start practising Hong Kong law later this year. It has hired Freshfields Hong Kong office managing partner and former global co-head of capital markets Kay Ian Ng along with Gwen Wong, a counsel at the UK firm.

Both will join Sullivan as partners as soon as the US firm has completed the necessary regulatory measures relating to the start of the Hong Kong law practice.  

Ng will be resident in the Hong Kong office while Wong will be resident in Beijing.

“Sullivan & Cromwell has been deeply committed to the Asia-Pacific region for many decades, with a tightly integrated practice advising clients in their inbound and outbound investments and capital raising activities involving Greater China,” said Sullivan chairman Joe Shenker in a statement.

“Kay Ian’s outstanding reputation in the Hong Kong capital markets and M&A practice areas makes him a natural fit to expand our practice in Greater China. We are equally pleased that Gwen will be joining us in Beijing to strengthen our presence there.”

In recent months Simpson Thacher & Bartlett, Cleary Gottlieb Steen & Hamilton and Davis Polk & Wardwell have all launched Hong Kong local law capabilities.