Sidley Austin hired Antony Bryceson as counsel in the investment funds, advisers and derivatives practice in its London office.
Bryceson will focus his practice on advising clients on prime brokerage, custody, securities lending, repurchase and OTC derivatives trading agreements as well as structured transactions involving derivatives (such as swaps on baskets of hedge funds or hedge fund indices and pre-paid forward transactions).
He will work closely with the firm’s funds, structured finance and derivatives practices in London, and with Sidley's prime brokerage practice in the U.S. to offer integrated New York and English law capability in relation to prime brokerage and trading documentation issues to Sidley’s global client base.
Bryceson was previously with Simmons & Simmons, where he led the group which advised end-user clients (in particular hedge funds) on prime brokerage, derivatives and trading documentation, and asset protection issues. Bryceson has consistently been rated as a leading individual by both Chambers and the Legal 500.
Sidley has been expanding its global funds practice. The new appointment follows the hires of partners Bruce Gardner and David Hinds as well as counsel Barry Breen in 2008.
Gardner advises on all aspects of the structuring and operation of hedge funds and other alternative investment products.
Hinds advises on tax matters relating to fund structuring, aside from advising on fund-related transactions.
Breen advises clients on the structuring and operation of hedge funds, and illiquid, hybrid and UCITs structures.
“Antony has a leading reputation in the field of prime brokerage and trading documentation, structured transactions and related derivatives work for hedge funds and other market users," Gardner said. "Antony will work closely with our existing funds team and with our established structured finance and derivatives practices in London. As part of our global platform, Antony will also work with our existing prime brokerage practice in the U.S. to provide dual New York and English law capabilities to our hedge funds clients in Europe, the U.S. and Asia.”
‘‘Sidley is a world class firm with a very strong reputation in both the investment funds and finance fields," Bryceson said. "I believe that, together with colleagues in the U.S. and Asia, the London practice will be able to offer clients a genuinely integrated global capability. I am delighted to be joining such a strong team, and I look forward to playing my part in the expansion of the practice.”