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Philip J. Morgan

Fax +44.(0)20.7648.9001
Mr. Morgan is a partner in the firm’s investment management practice group with over 25 years’ experience. He works mainly with clients across the financial services industry such as investment managers, investment funds, banks, brokers, insurance distributors and payment services and other fintech businesses. His practice has a significant international dimension and he often collaborates with colleagues in the U.S., continental Europe, Hong Kong, Australia and elsewhere around the world to provide coordinated advice across jurisdictions often involving corporate (eg M&A) and regulatory elements. Regulatory topics of particular interest include the rules of the UK’s Financial Conduct Authority and Prudential Regulation Authority, the impact of Brexit on financial services laws in the UK and EU, and the full suite of EU Regulations and Directives affecting the financial services industry such as AIFMD, MiFID and EMIR. His practice also encompasses general corporate law, English law on limited partnerships and limited liability partnerships, and prospectus and transparency rules for businesses.

Professional Background

Philip worked for an international law firm from 1993 to 2000.  During that period he worked on a broad range of corporate projects with a particular emphasis on work for investment management groups, London-listed investment trusts, offshore funds and private equity funds.  Mr. Morgan has been with K&L Gates since April 2000 and was made a partner in April 2002.

Speaking Engagements

Mr. Morgan has given various seminars on financial services and other topics including AIFMD, MiFID, financial promotion, soft commissions and unbundling, UK limited liability partnerships, hedge fund regulation, and a variety of FCA Handbook issues.

  • Regular speaker and panel moderator at our annual London investment management conference, and principal organiser of the conference for 10 years. Most recently in September 2018 I moderated a panel discussing hot topics in investment management law.
  • Spoke to an audience of investment managers in New York in October 2017 on the impact of MiFID II on U.S. managers, in particular focusing on aspects such as payments for research (soft-dollars), transaction reporting and the scope of MiFID II and delegation structures.
  • Organised and spoke with Hong Kong colleagues at a round table on the introduction of RQFII licenses in the Chinese market.

Additional Information

  • "FSA Publishes Final Code of Practice on Policies Relating to Remuneration of Personnel at FSA Regulated Firms," Journal of Investment Compliance, Volume 10 Number 4, 2009
  • The Securities Enforcement Manual, Second Edition, published by the ABA Section of Business Law, 2007
  • "FSA Targets Betting and Gaming Sector," World Online Gambling Law Review, January 2006
  • "Doing business in the UK: FSA Consultation on Hedge Fund Regulation," MFA Reporter, August/September 2005
  • Advice on the licensing of an UK-based investment management firm as an alternative investment fund manager including related corporate restructuring
  • UK financial services regulatory advice to many overseas-based investment managers and brokers on financial promotion issues, and on the perimeter of FCA regulation
  • Advice on several complex FCA change in control applications for clients including a U.S. fund of funds manager, a U.S. private equity fund manager and an ultra high-net worth U.S. citizen
  • Advising large U.S. corporates on aspects of EU derivatives regulation including EMIR and REMIT
  • Established UK operation of U.S.-based hedge fund manager, advising on regulatory and corporate aspects, and on a UK limited liability partnership structure
  • Advice to many of the firm’s clients on the UK’s persons with significant control register