Jones Day has hired financial markets partner Colin Rice in Singapore to strengthen its global derivatives team, particularly in Asia.
The firm was currently completing an important assignment in Cambodia and working on other projects in the region, particularly in Vietnam, Alban Caillemer du Ferrage, Jones Day’s financial markets practice chair for the EMEA (Europe, the Middle East and Africa) and APAC (Asia-Pacific) regions, told Asia Business Law Journal.
“Colin [Rice’s] arrival will provide us with new resources in the time zone for these highly visible assignments, which are crucial for the growth of these countries and the global derivatives market,” added Caillemer du Ferrage.
Rice joined the firm from Norton Rose Fulbright where he was a partner for nine years. Before that, he served as a director at Credit Suisse, a Swiss global investment bank for two years. Rice has deep experience advising global investment banks, asset managers, funds and service providers on a broad range of financial markets transactions (in both conventional and Islamic forms), with a focus on over-the-counter derivatives, structured products, structured finance transactions, repos and securities lending.
He would lead the firm’s derivatives capabilities across the APAC, said Sushma Jobanputra, partner-in-charge of Jones Day’s Singapore office.
For years, the market had developed complex structures, either from combinations of equity derivatives or of repo and credit derivatives, that allowed financial instruments to replicate financing transactions economically, said Jobanputra.
She said these structures often offered high prudential performance and preferential treatment in distressed or bankruptcy scenarios.
Rice’s arrival would enable Jones Day to deploy these techniques for the firm’s clients in Asia, added Jobanputra.
