Senior Legal Counsel, Alternatives

Columbia Threadneedle Investments
London, United Kingdom
10 Aug 2022
12 Aug 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About Columbia Threadneedle Investments

You'll find the promise we make to our clients is the same one we make to our employees: Your success is our priority.

Here, you'll find growth and career opportunities across all our businesses. We're intentionally built to help you succeed. Our reach is expansive with a global team of 2,000 people working together. Our expertise is diverse with more than 450 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies and we have the capability to build tailored solutions matched to clients' specific requirements.

Columbia Threadneedle is a people business and we recognise that our success is due to our talented and dedicated people, who bring diversity of thought, complementary skills and capabilities. We are committed to providing an inclusive work environment that supports the diversity of our employees and reflects our broader communities and client-base. We encourage applications from returners to the industry.

We appreciate that work-life balance is an important factor for many when considering their next move so please discuss any flexible working requirements directly with your recruiter.

Job Purpose Statement

Senior Legal Counsel responsible for providing legal support and advice to all areas and in respect of all aspects of the global alternatives business save for direct real estate. The role will require extensive support for the private equities and infrastructure businesses located in EMEA as they expand their global reach as well as the Pyrford and Thames River Capital businesses. The role will involve day to day collaboration with one junior alternatives legal counsel with an opportunity to take on their management depending on how matters evolve. The role will report to the Global Head of Legal for Alternatives and RI.

Role Responsibilities

How you'll spend your time....
  • Provide legal support and advice to private equity business in respect of structuring and launch of new funds, maintenance of existing product including any variations such as extension of fund life, underlying fund or co-investment opportunities, and queries around marketing in line with applicable regulation and governance of the PE business. The role will include supporting the establishment and then maintenance of the Canadian private equity business and associated Canadian private equity product working with local counsel.
  • Providing legal support and advice to the EMEA infrastructure business in respect of maintenance and expansion of the existing Columbia Threadneedle European Sustainable Infrastructure Fund ("ESIF"), CTI's Luxembourg evergreen master-feeder infrastructure fund including any variation to fund terms, underlying investment opportunities working with external counsel on structuring, the effective governance of the fund and the infrastructure business itself, and queries around marketing in line with applicable regulation.
  • Providing legal support and advice to the Pyrford International and Thames River Capital businesses in respect of both segregated mandates and their investment funds (Irish UCITS, UK OEIC and UK listed investment trust) working with other SMEs within Legal.
  • Working with the US legal private funds team reporting to Amy Hackbarth, supporting the CTI alternative capabilities in the US and making appropriate connections with others across the business in EMEA including the Seligman tech investment capability. The role will also involve close collaboration with Amy herself and her team in respect of all aspects of US Bank Holding Company Act conformance as applicable to the CTI alternatives business.
  • Connecting and collaborating on all legal/regulatory aspects of the alternatives business with other stakeholders across the business in particular Tax, Finance, and Compliance (with whom a one GCO approach should be adopted).
  • Work with Compliance to track law and regulation and market standards on a global basis across all relevant alternative asset classes save for real estate and translate all requirements for business partners and indirectly for clients in a way that is easily understandable and practicable and presents a one GCO viewpoint. The role will also involve participation in any regulatory change projects that impact the alternatives business.
  • Working closely with the Global RI Senior Counsel, ensuring that there is required support in respect of embedding RI and associated applicable regulation such as UK SDR and TCFD and EU SFDR across all alternative asset classes other than real estate given this is a strategic priority for the firm i.e. support for product/strategies that hit the alternative/RI "sweet spot". There may other opportunities to support the Global RI Senior Counsel on RI related work that is wider than alternatives.
  • Participate actively in various committees and working groups across the firm and the wider industry including any dedicated CTI alternative

Key Capabilities

To be successful in this role you will have....
  • Ability to review and digest complex alternatives law and regulation with particular focus on EU/UK given the location of the role working with other SMEs in particular tax (so an ability to grasp complex tax implications relating to product structures is essential) It is critical that the incumbent can translate what can be very difficult concepts into language capable of being easily understood by the wider GCO and business including senior leaders.
  • Role requires someone with excellent social interaction and presentational skills, given high alternatives profile in global CTI business and need to interact with senior business leaders and the ability to think strategically in a fast evolving and complex environment. Close ongoing collaboration with other private fund SMEs in GCO in NA is essential - the incumbent must be a true team player willing to share their learnings with others whilst taking on board learnings that others have to offer.
  • Close working and supportive relationship required with the Global Legal Head of Alts/ESG to whom they will report. This will be a collaborative partnership intended to nurture growth for the incumbent and the manager.

Desired Capabilities

If you also had this, it would be great....
  • Candidate must be a qualified lawyer with at least 9 years PQE given the demands of the role e.g., present to and interact with senior leaders in the business and GCO. They must have a decent level of knowledge around UK and EU law and regulation and to have had some experience with alternatives as an asset class although extensive experience is not a necessity

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