Louise Coffey

Managing Director

Louise Coffey is a dual-qualified lawyer (England and Wales/Hong Kong) with over 15 years of experience advising clients on a broad spectrum of debt finance matters, including bilateral loans, senior/mezzanine financing, asset-back financing, special situation loans and debt restructuring.

Louise previously practised at market-leading firms Hogan Lovells (in London) and Kirkland & Ellis (in Hong Kong). Most recently, she acted as in-house counsel to a prominent Asia-focused credit fund, providing private, secured debt finance to small to medium sized enterprises across Asia and Australia.

Admissions

• Admitted as solicitor, Hong Kong SAR, 2014
• Admitted as solicitor, England & Wales, 2009

Qualifications

• Certified Anti-Money Laundering Specialist (ACAMS), 2023
• HKICPA Professional Diploma in Insolvency, 2016
• Legal Practice Course (Distinction), BPP Law School, 2007
• Graduate Diploma in Law (Commendation), BPP Law School, 2006
• Bachelor of Arts (Hons) in English Language and Literature (2:1), University of Leeds, 2004

SINGAPORE

Rob Sandes

Director

Rob Sandes joins Serica from Kirkland & Ellis, where he was a partner in the Restructuring team. Rob has worked on some of the highest profile restructuring matters in the Hong Kong and London markets in recent years.

Prior to his time in both the Hong Kong and London offices of Kirkland & Ellis, Rob trained at “Magic Circle” firm Clifford Chance in London. He is a dual-qualified lawyer (England and Wales/Hong Kong) with over 12 years of experience advising clients on complex cross-border debt restructuring and insolvency matters, including security enforcements and related debt finance work.

Admissions

• Admitted as solicitor, Hong Kong SAR, 2018
• Admitted as solicitor, England & Wales, 2011

Qualifications

• Legal Practice Course (Commendation), The College of Law, 2008
• Graduate Diploma in Law (Merit), Oxford Brookes University, 2007
• Bachelor of Arts (Hons) in History (1st), University of Warwick, 2006

Hong Kong

Simon Kwan

Associate Director

Simon Kwan joined Serica after 7 years working for Madison Pacific in Hong Kong, where he managed a team of 6 in the operations department. Simon has extensive experience working with both internal and external stakeholders to ensure that transactions are executed in a timely and accurate manner. Together with Jason Lau, he is also responsible for the continued monitoring and compliance with Serica’s ongoing obligations for the duration of each matter.

Prior to working in the trust and agency space, Simon worked for a number of years at one of the major prime brokers in London where he was a Senior Operations Analyst in the operations control team. Simon uses this wealth of experience in operations and investment administration to ensure that Serica’s internal processes, policies and controls adhere to the most rigorous standards of integrity, accuracy and security.

Simon speaks English and Cantonese.

Qualifications

• Level 3 Certificate in Investment Administration, CISI, 2010
• Advanced Diploma in Management Accounting, CIMA, 2008
• Bachelor of Science (Hons) in Business and Economics, University of Salford, UK, 1996
• Foundation in Business and Economics, University of Salford, UK, 1991

Hong Kong

Jason Lau

Operations Manager

Jason Lau has over 18 years of experience in fund administration, investment compliance and trust operations. Prior to joining Serica, Jason worked for Citicorp and Royal Bank of Canada in both Hong Kong and Singapore. He spent 6 years in RBC’s Trust Services team, where he managed and monitored the operation of MPF/ORSO schemes.

Jason speaks English, Mandarin and Cantonese.

Qualifications

• Diploma in Accounting and Financial Management, Mount Royal College, Calgary, 2000
• Bachelor of Commerce (B.COM), Mount Royal College, Calgary, 2000

Hong Kong

Justin Chan

Associate Legal Counsel

Justin Chan is a Hong Kong qualified solicitor with over three years of post-qualification experience. Justin joins Serica from Alter Domus, where he acted as a legal counsel for the Debt Capital Markets team in Asia-Pacific, providing corporate trust and agency services to private credit lenders and corporate borrowers across the APAC region.

Justin previously practiced at Patrick Chu, Conti Wong Lawyers LLP, a prominent Hong Kong law firm, where he advised clients on corporate and commercial matters including private and public M&A, debt financing and regulatory compliance matters. Prior to this, Justin trained at Hastings & Co., a well-established Hong Kong law firm, where he primarily engaged in advising clients on Hong Kong IPO listing projects and corporate finance related matters.

Justin speaks English, Cantonese and Mandarin.

Admissions

• Admitted as solicitor, Hong Kong SAR, 2020

Qualifications

• Postgraduate Certificate in Laws, City University of Hong Kong, 2018
• Bachelor of Laws (Honours) (2:1), City University of Hong Kong, 2017

HONG KONG

Chong Sian Lim

Head of Compliance

Prior to joining Serica, Chong Sian spent 5 years with Lighthouse Canton, a Singapore-based wealth and asset management company, working in both the Risk/Compliance and Operations departments. Managing a team of 4 people, he was responsible for enhancing and streamlining operational and compliance policies, workflows, processes and risk controls to ensure consistency and efficiency across the group.

Chong Sian now brings that extensive experience to Serica. As Head of Compliance, he ensures that Serica adheres to the highest standards of integrity and regulatory compliance in all relevant jurisdictions. His role encompasses client on-boarding, liaising with Serica’s regulators and ensuring that all members of the Serica team understand and adhere to regulatory and other risk management requirements.

Chong Sian speaks English and Mandarin.

Qualifications

• Diploma in Regulatory Compliance, 2022
• Certified Anti-Money Laundering Specialist (ACAMS), 2020
• Advanced Certificate in Governance, Risk and Compliance, 2018
• Bachelor of Science (Hons) in Banking and Finance, University of London (Singapore), 2016

SINGAPORE

Acting as facility agent, Serica performs an administrative role managing and streamlining the relationship between a borrower and its lender(s).

We act as the primary point of contact between parties and manage all communication between them.

Other services include:

• Deal closing – administration of financial closing and drawdowns
• Cashflow management – calculating, receiving and distributing loan amounts
• Creditor transfers – facilitating changes to the loan parties and debt transfers
• Transaction maintenance – managing amendments, waivers and other requests
• Defaults – default monitoring and notifications, and subsequent creditor representations

A security agent or trustee is appointed to hold security interests for and on behalf of one or more beneficiaries.

This can be particularly beneficial if, for example, the composition of the beneficiary group is likely to change over time as it avoids the cost and difficulty of releasing and retaking security each time a new beneficiary is added or an existing beneficiary transfers its interest.

Serica is able to hold security interests in a wide number of different jurisdictions and is familiar with the practical issues involved in doing so.

As security agent/trustee, our duties include:

• Taking, registering and holding security interests on behalf of creditors
• Safekeeping original security documents and related documents (such as share certificates)
• Releasing security interests when debt obligations are repaid in full (or otherwise with creditor consent)
• Enforcing security interests on behalf of creditors
• Participating in bankruptcy claims and
• Receiving, holding and distributing enforcement proceeds.

A bond/note trustee facilitates the relationship and information flow between a bond or note issuer and its investors.

Serica takes a highly commercial approach to managing this complex process, and efficiently manages requests for amendments, waivers and consents. In the event of a default, we take a proactive and cooperative role in protecting the interests of investors.

In distressed situations, an incumbent trustee may be reluctant to exercise discretion or act decisively to protect creditor interests.

Significant delays may also be caused if an incumbent trustee insists on full indemnification prior to acting on creditor instructions.

Serica understands the frustration this can cause, particularly when time is of the essence. The specific experience of our team makes us particularly well-suited to assist in such situations by replacing the incumbent trustee.

As an independent service provider, we remain conflict-free and can take decisions quickly and effectively without requiring approval from internal credit or compliance committees.

An escrow agent may be jointly appointed by parties to hold funds or other property (such as shares) in trust on their behalf while a transaction is finalised or a dispute is resolved.

We are regularly appointed to hold funds on behalf of clients pending, for example, completion of a sale and purchase transaction or arbitration proceedings. We do so on a straight-forward, fixed fee basis.

Serica can act as custodian in respect of a range of asset types including:

• Cash (e.g. interest reserve in respect of a debt finance transaction)
• Shares (physical or dematerialised)
• Receivables or other contractual rights
• Original documents and other physical assets

Serica has client bank accounts located in Hong Kong, Singapore and Jakarta and can hold funds in a number of different currencies.

Parties to a transaction may not always be incorporated or operate in the same jurisdiction. If a party agrees to transaction documents being governed by the laws of a country in which it does not have a physical presence (i.e. an address), it will typically be required to appoint an agent for service of process or “process agent” in that country.

The process agent acts as a local representative of the appointing party. Court documents in respect of the transaction may be served on the process agent, who will then deliver them to the appointing party in accordance with pre-agreed instructions.

This facilitates prompt delivery of legal documentation and avoids the complex process of serving legal documents overseas.

Serica can act as a process agent in Hong Kong or the UK.

An independent director is a member of the board of a company who does not have a material or pecuniary relationship with that company or its related entities, and is therefore free of any connections that may lead to a conflict of interest.

Serica can provide experienced individuals to act as neutral, responsible corporate officers on either an interim or long-term basis.

We are happy to discuss any transaction or matter where a neutral third party is required to perform any bespoke administrative, trust or ancillary role..