Ant Financial Legal Counsel

“Ant Financial has always attached great importance to regulatory compliance,” Chen Leiming, senior vice president of Ant Financial, said in the statement. “The addition of seasoned practitioners such as Jonathan Zhou will further strengthen our legal compliance team, helping the company do business in accordance with the law globally and serve global consumers as well as small and micro businesses.” License our cutting-edge legal content to develop your thought leadership and build your brand. Fangda worked with Wachtell, Lipton, Rosen & Katz and Sidley Austin to represent Ant in the sale of a 33% stake in 2018 to Chinese e-commerce giant Alibaba Group Holding Ltd. The deal gave Alibaba direct ownership of Ant, which uses the cloud platform and offers financial services such as mobile and online payment processing, money market funds, credit ratings, consumer credit and wealth management. In his resignation letter, Zhou wrote that for China`s legal services industry, “external lawyers can determine how fast the industry can go, while in-house lawyers determine how far the industry can go.” In this role, Mr. Zhou will be responsible for the company`s legal and compliance functions. He will report directly to Mr. Leiming Chen, Senior Vice President, who oversees the legal, compliance and anti-money laundering functions at Ant Financial. Fangda Partners recently announced that Jonathan Zhou, the company`s founding partner and head of the executive committee, will step down, while a statement from Ant Financial says he will act as general counsel for legal and compliance matters. We celebrate success, excellence and innovation in advocacy in the UK.

Alibaba, the parent company of Ant Financial, has close ties to Fangda. On its two lists in the United States and Hong Kong, Fangda acted as legal counsel in the People`s Republic of China. Jonathan Zhou is considered one of the leading lawyers for capital market transactions and mergers and acquisitions. Chen said in a statement that Zhou`s addition will strengthen Ant`s legal and compliance capabilities. Zhou will help Ant “further facilitate the development of our global business in accordance with relevant laws and regulations and enable us to better serve consumers and small and micro enterprises around the world,” Chen said. Ant Financial Services Group, a Chinese fintech company formerly known as Alipay, has appointed Jonathan Zhou as general counsel. Benjamin Bai, former Vice President and Head of Intellectual Property and International Litigation at Ant Group, recently joined Digital Asset Trading Company Amber Group as Chief Legal Counsel. Ant Financial Services Group, a subsidiary of Alibaba Group, has announced that Jonathan Zhou will soon join the company as general counsel. Mr. Zhou graduated from Fudan University in 1993 with a Bachelor of Business Law. Over the past 20 years, he has advised various well-known clients in China and around the world on several high-profile issues.

He is widely recognized as one of the leading lawyers in financial markets and M&A transactions. In 2012, Mr. Zhou received Chambers Asia`s Outstanding Contributions to the Legal Profession Award, one of many awards he has received over the years. He has worked closely with Ant Financial and Alibaba Group. Zhou is one of the founding partners of Fangda Partners, a Shanghai-based law firm he founded in 1994 and which has gradually become one of the most profitable in mainland China. Fangda, which has about 600 lawyers, has long been the legal advisor to Ant, which has been touted as the world`s leading fintech company with a valuation of $150 billion. At Ant, Zhou will be responsible for the company`s legal and compliance functions, according to a statement announcing his hiring on Wednesday. He will report to Leiming Chen, a former partner of Simpson Thacher & Bartlett in Hong Kong, who joined Ant in 2016 as general counsel. Chen, now Senior Vice President at Ant, oversees the company`s legal, compliance and anti-money laundering functions. Ant is not the only Fintech company to cut off in-house legal assistance during a turbulent time for global financial markets caused by the coronavirus pandemic.

Innovative technology provider Ant Financial Services Group today announced that Jonathan Zhou, founding partner of Fangda Partners, a leading Chinese law firm, will soon join the company as general counsel. Corporate Partner – City Based – international law firm Top Tier US law firm – Leveraged Finance Lawyers – Asscoiates and Counsel. To continue reading, select one of the following options: News & Analytics for the knowledgeable compliance or audit manager. First month free, then $499 for an annual membership Bloomberg Law reported last year Ant`s purchase of London-based payment company WorldFirst UK Ltd., Ant`s first major acquisition in the United States.