Ashurst has boosted its Asian banking and finance practice with the hires of Fangda Partners partner Eric Tan and Allen & Overy (A&O) counsel Daniel Lau.

Tan specialises in acquisition finance, cross border lending, structured finance and other banking matters.

He worked at Linklaters as a counsel for four years before joining Fangda Partners in 2016 as a partner. Prior to both of those roles, he worked in the leveraged finance team at Standard Chartered Bank.

Lau joins from Allen & Overy’s Beijing office, where he advised on a wide range of debt related transactions such as structured and acquisition finance, real estate finance, project finance and syndicated loans. He has significant experience working with financial institutions and corporates in financings for China outbound investment and acquisition by Chinese companies.

Lau was promoted from associate to counsel in 2015 as part of a 33-strong international cohort of lawyers.

Ashurst Hong Kong managing partner Joshua Cole said: “Greater China continues to be a key region in terms of driving growth. Ashurst has an exceptional profile and a strong relationship with major banks and financial institutions in the region. Eric and Daniel will enhance our ability to offer exceptional client service in the region.”

These are the most recent hires for the firm in the region since the arrival of White & Case partner Damien Whitehead last month, who moved to the firm’s finance practice in Hong Kong. Whitehead was a member of the firm’s financial restructuring & insolvency team in Asia for White & Case and prior to that, he was the head of restructuring & insolvency (Greater China) for Herbert Smith Freehills.