Consistent with the highly integrated nature of this alliance, he will assume his new position at Resource Law LLC whilst retaining his existing role of counsel at Reed Smith.

Hagen, who is dual qualified in Singapore and England & Wales, advises a broad range of clients on financial regulatory and fintech matters. His appointment underlines Reed Smith Resource Law’s strategic focus on these practice areas, both internationally and in Singapore, and growing client demand for legal advice on matters such as licensing, market conduct, risk management, governance and senior management responsibility, as well as technologies such as distributed ledger technology, tokenisation, cryptocurrencies and other digital assets.

Peter Zaman, Reed Smith’s Singapore office managing partner, said: “Hagen is one of very few lawyers with the ability to advise on both Singapore and English law-related financial regulatory matters. His experience of working in Singapore and other Asian markets, coupled with a unique understanding of international issues, means he is able to provide strategically valuable advice to our clients, including banks, payment service providers and other financial institutions, commodity producers and traders, funds, family offices and technology companies.”

Bernard Yee, managing director of Resource Law LLC, commented: “Hagen significantly enhances our practice offering, and will also become the firm’s first non-Singaporean director. We pride ourselves on our commitment to excellence, inclusion and diversity, and we’re delighted to have him join the senior team.”

“Since forming the Reed Smith Resource Law alliance in 2016, we have worked hard to achieve seamless collaboration between the two alliance firms. We share common cultural values across our organisations, and Hagen’s appointment to Resource Law is testament to these values.”