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Erik Setio

Partner – Funds and Financial Services

Erik prioritises his relationships with clients, colleagues and other professionals to gain the confidence and understanding essential to being a trusted advisor.  He is detail-orientated and approaches his work with a curious and open-minded manner.

Praised by clients for having “very good commercial and legal knowledge” as well as being “timely, cost effective and efficient”, Erik brings a depth of experience to our funds and financial services practice.

Erik’s extensive expertise covers financial services law, funds management (including all forms of collective investment vehicles), capital raisings and structuring and provision of financial products and services to wholesale and retail clients.  Underpinning this is his deep knowledge of financial services regulatory matters, including financial services licensing, marketing, disclosure, distribution and issuance of financial products.

Erik offers clients over fifteen years of specialist experience in investment funds and financial services regulation. He has advised major financial services providers on the structuring, establishment and promotion of listed and unlisted funds, and capital raisings and fund restructures.

Erik has also advised Australian and foreign institutional investors on their participation in a wide range of collective investment schemes and investment arrangements as well as custody, investment management and similar arrangements.

With clients increasingly requesting further support in the changing regulatory environment (especially post the Financial Services Royal Commission), Erik has proven himself to clients as an intelligent, reliable and intuitive legal adviser assisting them to navigate complex financial services laws with a short and long term view of potential viability of financial services business and commercial risks, together with end customer considerations.

Prior to joining Hamilton Locke, Erik worked in the Investment Funds and Financial Services team at Clayton Utz.

AREAS OF EXPERTISE

Funds Management; Financial Services Regulatory; Capital Raisings

 

QUALIFICATIONS

  • Bachelor of Laws (LLB) and  Bachelor of Commerce (B.Com.) Actuarial Studies – The University of New South Wales
  • Admitted to practice in New South Wales

 

SELECTED REPRESENTATIONS

  • Advised IOOF on aspects of its partnership with Invesco to manage over $23.1 billion in index investments.
  • Advised AMP and UniSuper in relation to their investment in the $2 billion Brookfield Place Sydney (Wynyard) development.
  • Advised Intertrust in its role in the set-up of an Australian feeder fund into a market leading premier real estate fund and the launch of Tanarra Credit Partners Asia-Pacific Fund II.
  • Advised major financial services providers in relation to various regulatory reforms post the Royal Commission.
  • Advised ANZ on aspects of the sale of its Wealth arm valued at $3.825 billion to IOOF and Zurich Insurance Group.
  • Advised an international PE Fund through the various bidding stages within the NAB MLC auction (valued at $1.4 billion) and the corresponding due diligence process.
  • Advised Partners Group in the establishment of an A$550 million listed investment trust, the Partners Group Global Income Fund.
  • Advised Ontario Teachers in relation to the sale of 30% of its stake in both Bristol and Birmingham airports to NSW’s TCorp and Sunsuper.
  • Acted as Australian legal counsel for Standard Life PLC in relation to its merger with Aberdeen Asset Management PLC which involved Australian wholly owned asset managers.
  • Acted as Australian legal counsel for Marsh & McLennan in relation to its acquisition of Jardine Lloyd Thompson (which also involved a divestment of the global aerospace insurance broking business of Jardine to Arthur J. Gallagher & Co).