Debt capital markets specialist Margie Chan has left Davis Polk & Wardwell after 11 years to join Norton Rose Fulbright as a partner in Hong Kong.
Chan, who was counsel at Davis Polk, specializes in U.S. and Hong Kong credit and debt capital market transactions. In 2017, she was part of the team on Chinese property developer China Evergrande Group’s issuance of $6.6 billion worth of bonds, $3.8 billion of new debt and $2.8 billion for exchanging existing debt into new debt. On that deal, she represented Credit Suisse, China CITIC Bank International and Haitong International as joint lead managers for the new bond issuance and deal managers of the exchange of existing bonds.
Chan she was promoted to counsel at Davis Polk in New York and Hong Kong in 2014. Previously, she trained and practiced at legacy Herbert Smith from 2000 to 2007.
“We are currently seeing a huge expansion in offshore bond issuance by Chinese enterprises,” Norton Rose Fulbright’s Hong Kong office head Psyche Tai said in a statement, adding that Chan’s wide-ranging debt capital markets practice and relationships with Chinese banks and securities houses will help the firm.
The global legal giant has more than 70 lawyers in Hong Kong, including 19 partners. The firm’s last partner hire in Hong Kong was in 2017, when Etelka Bogardi joined the firm as financial services partner from the city’s de facto central bank, the Hong Kong Monetary Authority; shipping, trade and marine insurance disputes partner Peter Glover relocated to Hong Kong from London in the same year.
Also in 2017, the firm reshuffled its Asia management, naming Tai, a corporate partner, as the new head of the Hong Kong office.