Angelyn Lim has joined the international law firm Dechert as a partner in the financial services group.

Angelyn Lim has joined the international law firm Dechert as a partner in the financial services group. Lim, who is based in Hong Kong, was previously at Herbert Smith and Stephenson Harwood & Lo.

'Angelyn's experience in global securities and asset management adds a strong dimension to our services in Asia for investment funds,' say Peter Astleford and Joseph Fleming, who co-chair Dechert's financial services practice of more than 150 attorneys.

Lim specialises in the establishment of private equity, hedge funds, and retail mutual funds and Hong Kong securities law for global and regional asset managers, banks and trust companies.

'Dechert has a top-ranked financial services offering in the US and Europe,' Lim says. 'I am extremely pleased to be part of the expansion into Asia to provide a truly global offering to Dechert clients.'

Lim has been in private practice in Hong Kong for 15 years and has advised a regional development bank in the establishment of offshore funds with overseas counterparties, mainland Chinese interests in the establishment of a USD300m private equity fund, a Japanese asset management group in the establishment of a USD1.5bn umbrella hedge fund, and the largest local independent financial intermediary in Hong Kong in the establishment of a retail fund distribution platform.

She also has advised the local subsidiaries of one of the big four mainland Chinese banks in their restructuring and licensing by Hong Kong regulators and represented Manulife Financial, Axa Rosenberg Investment Management and Value Partners in establishing offshore investment products and their authorisation in Hong Kong for retail distribution.

An international law firm first established in the United States in 1875, Dechert has more than 1,000 lawyers in 18 offices in the US, Europe and now Asia, having established a presence in Hong Kong in January this year and added an office in Beijing last month.

The Hong Kong office, which now has 10 fee earners, focuses on private equity, venture capital and hedge fund formation and investing, capital raising and sales of equity stakes through capital markets offerings, cross-border mergers and acquisitions, and Asia inbound and outbound strategic and financial investments.