Global legal financing and advisory firm Burford Capital is opening a new office in Singapore as it aims to drive its business in the Australian and Asian markets.
The new office will be headed by Quentin Pak, former head of commodities (Asia) at Commonwealth Bank of Australia in Singapore. His 20 years of experience in finance and law includes practising law with Allen & Overy in London and Singapore.
“Burford sees significant potential in the Asia-Pacific market following the passage this year of new laws in the region, including Singapore, that support our business,” commented Burford CEO Christopher Bogart. “With the addition of a Singapore office and with Quentin’s on-the-ground leadership and vision, we’re enthusiastic about meeting the increased demand for third-party capital with smart and cost-effective solutions.”
Earlier this year the firm announced that it had financed its first Singaporean arbitration matter which it believes was the first Singapore-seated arbitration funded by a third-party finance provider.