Lodewijk Van Setten

Lodewijk Van Setten

Senior Counsel

T +1 345 814 4684
M +1 345 938 4515

Practice Areas

Lodewijk Van Setten is Senior Counsel in the Global Regulatory & Risk Advisory Group. He is based in Walkers’ British Virgin Islands Office and brings more than 20 years' experience in financial services regulatory and risk management matters, having worked in Europe and Asia.

Lodewijk advises financial institutions on the buy and the sell-side, as well as market infrastructure participants. Typical matters concern strategic and risk based advice in connection with the structuring of new or developing business models, impact assessments, gap analyses, licence applications, authorisations, registrations, and notifications. The expertise ranges across the regulatory spectrum from the authorisation and regulation of investment firms and funds, banks and trust companies, and financing and payment services, to anti-money laundering and terrorist financing requirements, sanctions laws and regulations, exchange of tax information (CRS and FATCA), economic substance requirements, reporting of beneficial ownership, and data protection regimes.

During his career Lodewijk has gained in-depth understanding of all categories of investment services and trading products, including public & private funds, exchange traded & OTC derivatives, insurance linked products, structured products and securitizations, securities financing, and market-infrastructure services (trading systems, clearing and settlement systems, bank payment systems, and custody and CSD systems). He has wide-ranging experience with the application of key onshore and offshore regulatory regimes on these investment services and products, including regulatory requirements around governance models (risk management and internal controls, outsourcing, conflicts management, and remuneration practices) and regulatory change management, including the implementation of policies, procedures, and compliance monitoring programmes.

Lodewijk joined Walkers from private practice in London, where he was a financial services regulatory senior consultant at Taylor Wessing, Allen & Overy and KPMG. Prior to that he was a Managing Director at Morgan Stanley’s investment management division responsible for Europe and Asia as International General Counsel and subsequently as International COO. Beforehand, Lodewijk was at State Street’s investment management arm in London as European Counsel, having started out in private practice in Amsterdam at NautaDutilh and then at Clifford Chance.

Admitted In:
England and Wales (not practising)
The State of New York (not practising)
The Netherlands (not practising)

Lodewijk has been a Visiting Professor of Financial Law at The Dickson Poon School of Law, King's College, London for 15 years, where he has been teaching a financial services and investment course in the LLM programme. He is a Visiting Fellow at the Universities of Nijmegen and Leiden in The Netherlands and teaches on the regulation and liability of asset managers in the LLM programme of the University of Leiden.

Lodewijk publishes regularly on financial services and markets topics. His most recent publications are:

  • Law and Regulation of Financial Advice, Investment Management, and Trading (Oxford University Press, Feb 2019), 369pp.
  • ‘Risk, Risk Management, and Internal Controls’, in Governance of Financial Institutions (D Busch & G Ferrarini, eds, Oxford University Press, Feb 2019), 25pp.
  • Alternative Investment Funds in Europe – Law and Practice (L Van Setten & D Busch, eds, Oxford University Press 2014), 474pp.
  • ‘England and Wales’, in Liability of Asset Managers (D Busch & D Demott, eds, Oxford University Press 2012) 31pp (with T Plews).
  • The Law of Institutional Investment Management (Oxford University Press 2009), 350pp.

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