Global Asset Manager Regulation

Find a Lawyer Services Industries News & Insights About the Firm Search LOCATIONS CULTURE PRO BONO OUR VALUES ALUMNI CAREERS HOME \ SERVICES \ FINANCIAL SERVICES AND INVESTMENT MANAGEMENT \ REGULATORY COMPLIANCE Regulatory Compliance A global regulatory  practice focused on the needs of asset managers Dechert’s global financial services group is a leading legal advisor to asset managers, investment funds and fund directors. Group members, working out of 13 Dechert offices in the United States, Europe, Asia and the Middle East, represent clients ranging from start-up boutique operations to some of the largest financial institutions and fund groups in the... Continue Reading Regulator and Peer Intelligence Many of Dechert’s financial services group lawyers have years of experience as regulators, having held key posts at the U.S. Securities and Exchange Commission (SEC), UK Financial Services Authority (now Financial Conduct Authority), UK Personal Investment Authority and the U.S. Office of the Comptroller of the Currency (OCC). Several Dechert alumni are now with key regulators, including the SEC. For specialist expertise and insights, we access our own Dechert network. The team also has close relationships with important trade associations and other groups that represent funds, fund managers and fund directors. These groups include the Alternative Investment Management Association (AIMA), where we have representatives on at least 30 of its expert working groups), the Investment Association (IA), Investment Company Institute (ICI), Independent Directors Council (IDC), Mutual Funds Directors Forum (MFDF), British Private Equity & Venture Capital Association (BVCA), Bank Administration Institute (BAI), Association of the Luxembourg Fund Industry (ALFI), Luxembourg Private Equity and Venture Capital Association (LPEA), European Fund and Asset Management Association (EFAMA) and Managed Funds Association (MFA).  SEC Examinations SEC enforcement investigations and actions often grow out of examinations conducted by the SEC’s Division of Examinations (EXAMS). There is close collaboration and coordination between the SEC’s Enforcement Division and EXAMS, particularly among the Enforcement Division’s Asset Management Unit, EXAMS’s Investment Adviser/Investment Company Group, and the SEC’s Division of Investment Management. SEC-regulated entities consistently turn to Dechert to help navigate the examination process and to provide strategic guidance from beginning to end. Just as SEC examiners will draw on the expertise of other SEC Divisions across the Commission, Dechert draws on the legal, regulatory, and enforcement expertise that exists across its industry-leading practice groups to advise clients during the exam process. Dechert has a proven track record of heading off enforcement referrals and investigations arising from examinations by adeptly addressing and responding to exam findings and deficiencies. Our team tracks and responds to the latest developments and EXAMS priorities, which often parallel the SEC’s other regulatory initiatives. Recent examinations have focused on a variety of issues, including fiduciary obligations, compliance programs, marketing practices, custody, compensation arrangements, asset valuation, protection of client information, due diligence practices, management of conflicts of interest, and reporting obligations. We have a long history of success in guiding investment advisers, registered investment companies, and broker-dealers throughout the process. Key Contacts David P. Bartels PARTNER \ Washington, D.C. +1 202 261 3375 david.bartels@dechert.com Angelo Lercara LL.M. EuR PARTNER \ Munich +49 89 21 21 63 15 angelo.lercara@dechert.com Michael W. McGrath PARTNER \ Boston +1 617 728 7178 michael.mcgrath@dechert.com Related Professionals SEARCH BY: Select Location PARTNER David P. Bartels Washington, D.C. +1 202 261 3375 VISIT BIO PARTNER Angelo Lercara LL.M. EuR Munich +49 89 21 21 63 15 VISIT BIO PARTNER Michael W. McGrath Boston +1 617 728 7178 VISIT BIO PARTNER Karen L. Anderberg London +44 20 7184 7313 VISIT BIO PARTNER Stephen H. Bier New York +1 212 698 3889 VISIT BIO PARTNER John McGrath London +44 20 7184 7874 VISIT BIO View All Dechert Direct Box Portal World Compass World Passport Locations Subscribe to Updates Follow Contact Copyright © Dechert LLP 2026 Disclaimer & Other Legal Notices US Online Data Protection Privacy Notice California Notice at Collection & Privacy Notice US State Privacy Supplement French Privacy Notice French Recruitment Privacy Notices Slavery & Human Trafficking Statement Do Not Share My Personal Information Search