Lloyd Kavanagh

Lloyd Kavanagh

Partner

Expertise

  • Corporate and Business
  • Banking and Financial Services
  • Capital Markets
  • Banking

WSG Practice Industries

Activity

WSG Leadership

Financial Services
Co-Chair
Investment Funds
Co-Chair
WSG Regional Council
Member 2020/ 2021
DealMaker Group
Member
WSG in Asia Group
Member
WSG Main Group
Member
WSG Coronavirus Task Force Group
Member

MinterEllisonRuddWatts
New Zealand

Profile
Ranked Band 1 for Investment Funds by Chambers Asia Pacific, Lloyd is a highly regarded opinion-leader on financial services and an expert in corporate governance.

Lloyd is acclaimed by commentators and clients in international research publications.

In recognition for his work on financial markets law reform, Lloyd was made a Fellow of the Institute of Finance Professionals New Zealand Inc. (INFINZ), the first lawyer to receive the accolade. His expertise is proven by being the co-author of Morison's Company and Securities Law and MinterEllisonRuddWatts' Corporate Governance White Paper. Lloyd is also a former member of the New Zealand Securities Commission.

Lloyd advises institutions and boutiques on investment funds, equity and debt offerings, and managed investment schemes of all types, specialising in public offers, M&A, and restructuring projects. He advises on securities regulation including Financial Markets Conduct, Financial Advisers, AML/CFT, bank and non-bank deposit-taker licensing, and insurance prudential supervision.

Education

LLB University of Otago
AMP The Wharton School of the University of Pennsylvania
INSEAD IDP-C

Areas of Practice

Banking | Banking and Financial Services | Capital Markets | Corporate and Business | Finance | Insurance | Investment Funds | Regulatory | Securities | Superannuation

Professional Career

Significant Accomplishments

Band 1, Investment Funds Lawyer, Chambers Asia Pacific
Awarded an INFINZ Fellowship


Professional Associations

Chair, MinterEllisonRuddWatts (2017-2019)
Fellow, Institute of Finance Professionals New Zealand (INFINZ) Securities Law Review Working Group
Member, Institute of Directors in New Zealand (Inc.)
Former Director and Chair of Due Diligence Committee, AMP Services (NZ) Limited and AMP Superannuation (NZ) Limited
Former Board Member Latin American New Zealand Business Council
Former Member, New Zealand Securities Commission
Former Advisory Board Member, Transfield Services (NZ) Limited
Former Chairman and Director, Soprole SA and Prolesur SA - Chile
Board Member of MinterEllisonRuddWatts



Seminars

Crown Deposit Guarantees - client seminar
New Financial Intermediary Regime - Financial Intermediaries and Advisers - client seminar
Analysing the New Role of the Securities Commission - Companies and Securities Law Conference Paper


Professional Activities and Experience

General Counsel, Landco Land Development Limited, New Zealand
Associate Director, M&A, Fonterra Co-operative Group, New Zealand
General Counsel, Fonterra Co-operative Group/NZ Dairy Board, New Zealand
Partner, another major New Zealand law firm
Associate, Allen & Overy, London
Articles

FMA Consultation on Advertising Financial Products
MinterEllisonRuddWatts, November 2020

Today the Financial Markets Authority (FMA) published a consultation paper seeking feedback in relation to its proposed guidance about advertisements for financial products under the Financial Markets Conduct Act 2013 (FMCA). The draft guidance is available online. The consultation paper and the consultation page containing details on how to make a submission can each be found on the FMA’s website...

Settlement in Climate-Related Financial Disclosure Case
MinterEllisonRuddWatts, November 2020

The recent settlement in the Australian case: McVeigh v Retail Employees Superannuation Trust (REST) will be highly relevant to all New Zealand fund managers considering the impact of climate change on their investors. McVeigh v REST is the first case to consider whether a trustee of a superannuation fund had the duty to consider and disclose climate change risks...

New Standard Conditions for Full Financial Advice Provider Licences Released
MinterEllisonRuddWatts, November 2020

On 6 November 2020, the Financial Markets Authority (FMA) released the final standard conditions for full financial advice provider (FAP) licences and the classes of financial advice service. A link to the standard conditions and licence classes are available online. These conditions follow the FMA’s consultation in June this year. See our previous discussion on the standard conditions and licence classes...