Eversheds Sutherland announced today that Frankie Tam has joined the Hong Kong-based Asia technology team, led by Rhys McWhirter.
Frankie, who joins the practice as Of Counsel, will advise clients on technology issues, including large-scale technology outsourcing, fintech and data privacy issues. She also acts for clients on ‘regtech’, a relatively new field, based around technology solutions that support regulatory monitoring, reporting and compliances. These purpose built platforms feature complex screening and monitoring tools, many of which are based on blockchain technology, making the solutions affordable, efficient and scalable.
Frankie is well known in the Hong Kong market for her efforts to promote Hong Kong as a ‘centre of excellence’ for financial services technology. She is a member of the ‘Vetting Committee’ of the Hong Kong Innovation and Technology Commission General Support Programme. The committee advises the Hong Kong Government on funding submissions for projects that foster the local innovation and technology culture. She is also a co-founder and Vice President of the ‘Hong Kong Internet Finance Association’, and a member of the ‘Core Committee for Payments’ of the Fintech Association of Hong Kong.
Qualified in Hong Kong, New York and England and Wales, Frankie has worked in Hong Kong, London and Shanghai. She brings this international perspective to the Hong Kong practice at a time when the team is advising global and regional banks, financial service providers, airlines and travel organisations on their digitisation strategy. The COVID-19 pandemic has made this task both more complicated and more urgent. Since the pandemic began, shortly after Chinese New Year, organisations have been introducing digital solutions in tandem with new work practices. In some cases the ‘proof of concept’ stage was scaled up and became an ‘all enterprise proof-of-concept’. Testing that would ordinarily require months was conducted on the front lines as the end users deployed the new technology. This increased digitisation ensured that business critical objectives including customer service delivery, remote and flexible working, team management and brand recognition were maintained.
Rhys McWhirter commented: “We are very excited to have Frankie join our team. She is a highly qualified lawyer who combines strong technical skills with an understanding of how technology must be made to work for clients. Her involvement with organisations in the fintech and regtech space will give our clients insights into the legal, ethical and commercial implications of new tech, including smart contracts, AI, machine learning, automation and big data’.”
Stephen Kitts, Managing Partner, Asia added: “I join with Rhys in welcoming Frankie to the Hong Kong practice. Under Rhys’ leadership the team has become the ‘go to’ practice for advice on the latest developments in the tech sector, in particular their impact at both the strategic and commercial levels. For example, he is working with three of the eight new virtual banks in Hong Kong, to advise on all aspects of their technology strategy and implementation. A remarkable achievement. Frankie is joining a team that truly is at the ‘top of its game’.”