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Clifford Chance has ramped up recruitment efforts in Luxembourg with a second partner hire so far this year, taking on magic circle rival Linklaters’ funds partner Emmanuel-Frédéric Henrion this time.
Henrion joins Clifford Chance as a partner in the investment funds practice in Luxembourg. This is the firm’s second lateral partner hire in the European financial centre, following the hire of tax partner Geoffrey Scardoni earlier this month from DLA Piper.
Henrion was previously a partner in Linklaters’ Luxembourg office, where he spent 16 years and was most recently the leader of its Luxembourg asset management practice. He is particularly experienced in undertakings for collective investments in transferable securities (UCITS), structured funds and derivatives.
“Luxembourg is the second largest investment fund centre in the world, and its importance is steadily growing,” said Mark Shipman, Clifford Chance global funds and investment management sector partner.
“We look to significantly increase the scale of our Luxembourg operations,” he added.
The appointment of Henrion will push the total number of Clifford Chance’s partners in Luxembourg to nine.
In September 2018, Clifford Chance revamped its leadership lineup in Luxembourg, creating a senior partner role for the office in what appears to be a strategic Brexit play. Partner Steve Jacoby will take up his role as office managing partner in May this year – just over a month after the UK’s exit from the European Union on 29 March – while Christian Kremer will become the magic circle firm’s first Luxembourg senior partner.
A number of global firms have recently launched into Luxembourg or expanded its team there. Ashurst, for example, opened in Luxembourg in October 2018 with the hire of two partners from Loyens & Loeff’s Luxembourg office.
Last week, Dechert hired Ashurst’s counsel Marianna Tothova as a partner in a bid to boost its investment management practice in Luxembourg.
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