06 May 2022 | 10:44 am | 1 min. read
Multinational law firm Pinsent Masons has advised Baillie Gifford Investment Management (Europe) Limited on its recent licensing application, which was authorised by the Central Bank of Ireland in April 2022.
The application involved changing Baillie Gifford Europe from a MiFID authorised business, into a MegaManco, a dual authorised UCITS Management Company and AIFM with MiFID top-up permissions. This includes, individual portfolio management, receipt and transmissions of orders and investment advice permissions.
The new entity will be used to manage Baillie Gifford UCITS funds range, Alternative Investment Funds and segregated mandate business, with assets under management in the region of circa €20 billion.
The Pinsent Masons team advising Baillie Gifford Europe was led by head of asset management and investment funds in Ireland Gayle Bowen, and associate Ruth Hennessy.
Commenting on the granting of this licence, Gayle Bowen said:
"We have been working on this project with Baillie Gifford Europe for several months and are delighted to see it come to a successful conclusion. Despite its complexity, we not only achieved their ambitious deadline, we were cleared of comment two weeks early.Having this new permission allows Baillie Gifford Europe to streamline their various business lines into one capitalised structure, rather than have multiple regulated entities with different capital and reporting obligations, and opens up new business opportunities for them.
Our thanks to the Baillie Gifford Europe team, in particular Lindsay Gold (CEO), Ross Carlin (COO) and Colin Crawford (Manager) who worked hard in partnership with us on the application process.”
The project, which involved a complex licence-arrangement underpinned by Baillie Gifford’s extensive EU-wide distribution channels, saw the team at Pinsent Masons collaborate closely with the Central Bank of Ireland on issues relating to passporting applications, funds supervision and MiFID.
Multinational law firm Pinsent Masons has today launched its second decade in Australia by completing its move into new offices at 33 Alfred Street in Sydney.
International law firm Pinsent Masons has today announced that it has strengthened its City practice with the hire of two senior corporate partners, Nicholas Holmes from Ashurst and Dinesh Banani from Herbert Smith Freehills Kramer.
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets, on its first ever investment in Bhutan’s energy and infrastructure sectors.
International law firm Pinsent Masons has today announced that it has strengthened its City practice with the hire of two senior corporate partners, Nicholas Holmes from Ashurst and Dinesh Banani from Herbert Smith Freehills Kramer.
Multinational law firm Pinsent Masons has today announced the hire of Manfred Dietrich to lead its funds and asset management team in Luxembourg.
Multinational law firm Pinsent Masons has hired two expert partners to its cross-jurisdictional Finance & Restructuring practice. Edward Smith will join as a partner in London, whilst Seyavash Rahnema will be based in Dubai.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]