Based in Hong Kong, Paul Kruger is the Head of Clifford
Chance's Securitization Practice in Asia and a member of the
firm's Capital Markets Group. Paul was instrumental in the
establishment of the firm's Asian Securitization Practice in
Hong Kong in 1992.
Paul has extensive experience in the securitization of a
variety of assets including mortgages, commercial property,
auto loans, credit cards and bank loans in Hong Kong, the
Philippines, Thailand, Indonesia, China and Korea. He has also
been involved in advising regulatory authorities in Hong Kong
and throughout Asia. He has significant experience in the
acquisition and disposal of distressed and performing financial
assets in Asia (including Korea, Thailand and Hong Kong).
Brian Salter is one of the pioneers of securitisation in
Australia and has over eleven years' full-time experience in
this field. He is widely regarded as Australia's most senior
and experienced securitisation lawyer.
Brian's expertise has been recognised by his peers in a
number of industry surveys, including Euromoney's 1999 "Guide
to the World's Leading Securitisation Lawyers", Euromoney's
1999 "Guide to the World's Leading Banking Lawyers", Chamber's
2000-2001 "The World's Leading Lawyers" (highest ranking),
Euromoney's 2000 "Guide to the World's Leading Capital Markets
Lawyers", Euromoney's 2001 "Guide to the World's leading
Structured Finance Lawyers" and received the highest rankings
in the Capital Markets and Banking & Finance sections of
Global Counsel 3000's March review of Australian Lawyers.
Brian was a founding member, and is the current chairman, of
the Australian Securitisation Forum, the peak body representing
the securitisation industry in Australia. Brian is also the
firm's representative on the Mortgage Industry Association of
Australia. Brian is a frequent speaker on the law relating to
Fran Rush joined Clayton Utz in November 1999 and is a
Senior Associate in our Property and Structured Finance Team.
Fran has more than 10 years property and finance experience.
Fran's experience is at both ends of finance transactions
- negotiation and documentation of terms, facilities and
- restructuring facilities, specialist insolvency advice
and enforcement acting for lenders, and customers and
- advising major corporate clients in relation to finance
and lending related issues.
Fran's primary focus are asset and property structured
transactions, including new property/asset classes such as the
emerging carbon trading market.
Fran studied at the Queensland University of Technology,
where she received a Bachelor of Laws (Honours).
Jonathan Zhou is a partner of Fangda Partners, a leading
firm based in Shanghai, the financial centre of China. He has
extensive experience of banking and finance transactions. He
has frequently written on the topic of securitization in
international professional journals over recent years.
Admitted to bar, 1990, Japan; 1994, New York.
The University of Tokyo (LLB 1988) and University of
Chicago Law School (LLM 1993)
With Cleary, Gottlieb, Steen & Hamilton, New York (1993 to
1994) and Linklaters & Paines, London (1994 to 1995)
"Practical Issues Associated with Securitization of
Financial Assets", 1995
"Restoring the Trust (re: Japanese version of RTC)", 1996
"Problems Regarding Issuance of Corporate Bonds", 1996
"Forefront of Financial Transactions (co-author with Professor
"Securitization in Japan – Legal and Regulatory
"Recent Trends in Japanese Securitization", 1999
"New Developments in Japanese ABS, CMBS and J-REIT", 2000
"Recent Trends in Japan: RMBS and Consumer Loan
Daini-Tokyo Bar Association; New York State Bar
Member of the Financial Law Board of Japan (1998
Simmons & Simmons
Sean Bulmer is a partner in the Financial Markets Department
in Hong Kong.
He specializes in structured finance transactions,
particularly securitization and structured securities
programmes. He has extensive experience of Korean, Japanese and
Hong Kong securities transactions.
Sean's recent work includes advising the Korea Deposit
Insurance Corporation in connection with the $278million
securitization by its wholly-owned subsidiary, Hanareum Mutual
Savings & Finance Corporation, of loan and lease assets,
and advising Korea Asset Management Corporation on its
$367million securitization of non-performing loans.
He joined Simmons & Simmons in London in 1996 from
Bankers Trust Company.
Simmons & Simmons
Paul Browne is a senior associate in the Financial Markets
Department in Hong Kong.
Paul has advised extensively on debt capital markets and
structured finance transactions, with particular emphasis on
securitization issues, involving a wide variety of different
asset classes. Most recently, Paul worked on the Hanareum
Mutual Savings & Finance Corporation securitization which
closed in September this year.
Paul joined the Hong Kong office in November 2000, from
Simmons & Simmons in London, where he qualified in 1994,
and he has also spent periods on secondment with the legal
departments of two investment banks in London.
BCom, University of Auckland
LLB(Hons), University of Auckland
1992, New Zealand
Direct Phone: 64 9 916 8971
Murray King is a financial services partner in Bell
Gully's Auckland office.
Examples of recent experience include acting for lenders and
borrowers on a broad range of syndicated and bilateral lending
transactions; advising the originator on the securitization of
a pool of residential mortgages; experience in limited recourse
infrastructure financing transactions including advising
lenders on power projects and road projects; and experience in
acquisition financing transactions.