Gordian Capital has hired Phakawee Phatiwet as In-House counsel. Phatiwet was most recently an Assistant Director in the Financial Markets Development Department at the Monetary Authority of Singapore (MAS).
She holds two Master’s degrees, one a Master of Laws (Honours), International Economic Law and the second a Master of Laws, Private and Business law, as well as a Bachelor of Laws (Honours).
After a short stint at Allen & Overy, she joined the Securities and Exchange Commission of Thailand (SEC) where she worked as a Legal Officer (Securities Regulation Department) developing policies and drafting regulations regarding fund management, securities and capital market intermediaries as well as participating in the working group for the enhancement of Thai Commercial Laws. Subsequently, she served as an Executive Officer (International Relations Centre) at the SEC where she participated in the strategic planning team, taking part in various collaborative frameworks between regulatory authorities including the ASEAN Collective Investment Scheme (ASEAN CIS) and Asia Region Funds Passport (“ARFP”) as well as contributing to enhancements of the ASEAN CIS MoU and drafting the ASEAN Professional Mobility MoU.
Phakawee also represented the SEC in international capital market forums and initiatives such as the ASEAN Capital Markets Forum (ACMF) as well as organising and managing training programmes focusing on capacity building for over 100 financial regulators in ASEAN, liaising with international stakeholders and preparing relevant training materials.
At the MAS, she contributed to the launch of the Variable Capital Companies (VCC) framework by preparing public consultation papers and subsidiary legislation, reviewing general and technical feedback, putting forward recommendations, promoting industry’s adoption, as well as working towards enhancements of the framework. Phakawee also managed the highly successful VCC pilot programme by defining its relevant scope, details, processes and time frame as well as liaising with key stakeholders including lawyers, tax advisors, fund directors, fund administrators and a number of C-level executives from fund management companies which as a result launched 20 investment funds as VCCs. She also participated in other policy developments including the fund’s market access strategy (fund passporting initiative and mutual recognition of funds). Part of her role included conducting assessments of applications under the VCC pilot programme, the VCC grant and the tax incentive schemes. Phakawee is a Thai native speaker, fluent in English and an intermediate French speaker.
Gordian Capital, which participated in the VCC pilot programme, has subsequently, on behalf of non- Singapore based clients, structured and launched a number of VCCs and is recognised as a market leader in the space.
Established in 2004 by capital markets professionals and alternatives industry veterans active in Asia since the 1980s, Gordian Capital is Asia’s leading institutional quality, independent fund platform specialist. Initially launching its first operating subsidiary in Singapore in 2005, the group now has a regulated presence in Singapore, Japan and Australia and is registered with US SEC as a Registered Investment Adviser. Its investor base is comprised primarily of institutional investors, private banks, pension funds, DFI’s, SWF’s Ultra High Net Worth Individuals and Family Offices.
“As we grow our business, it’s important for us to also grow our human capital,” says Stanley Howard, Director of Gordian Capital Limited and Chairman of Gordian Capital Singapore Pte. Ltd. “Phakawee brings a wealth of knowledge of policy having worked with not one but two Asian regulators”.
Mark Voumard Director of Gordian Capital Limited and CEO of Gordian Capital Singapore Pte Ltd, says: “Our deep experience since 2005 in launching over 100 fund vehicles, 30 SPV’s and managed accounts as well as a number of VCC’s will be further strengthened with the engagement of Phakawee who was a key member of the MAS team that introduced the VCC to the market and is a practioner who will bring an informed legal opinion to our business.”
Phatiwet says: “With my recent experience working for the MAS, developing key policies for enhancing Singapore’s value proposition as a fund management and domiciliation hub, combined with my international legal background, I am excited to be able to contribute to the growth of Gordian Capital, a well-established market leader in the fund space”.
Gordian Capital’s Fund Platform currently offered in both Singapore and Tokyo is designed for experienced investment professionals. Gordian provides a regulated, physical and operational fund infrastructure wherein it handles the business and operational management of each fund, allowing the investment professionals on our platform to concentrate on investing. We cater to both liquid (long only, equity long short, global macro, CTA and private credit) and illiquid (Private Equity Venture Capital and Real Estate) strategies. Structures that Gordian has formed include unit trusts, corporate vehicles, limited partnerships, flow-through vehicles, managed accounts and multi-currency funds.
Gordian Capital’s Fund Solutions offering provides institutional-quality asset managers, General Partners, corporates & families with a means to access investment opportunities via regulated & tax efficient investment vehicles that are structured and operated on its platform. These vehicles include special purpose vehicles, flow through structures, Singapore or other jurisdiction domiciled funds and various other customised investment schemes. Gordian Capital structures and operates investment vehicles that allow clients to execute their investment strategies, primarily with a focus on Asian markets, in a flexible, timely and both tax and cost-efficient manner.