Martin’s broad based practice encompasses financial markets, corporate, real estate (including structured real estate) and commercial work, with an emphasis on clients in the asset management and investment funds and financial institutions sectors. His focus includes advising on funds and other investment products, together with structural tax issues for banking, asset management and insurance clients. Martin also has wide ranging experience in structuring outsourcing arrangements in the financial sector.
Martin leads the financial services tax practice which won European Financial Services Tax Team of the Year at the International Tax Review European Awards in 2011 and 2013. He is rated in the latest Legal 500 and Chambers directories as a “financial services taxation expert” and someone who is “very thorough, practical and responsive” for both corporate and indirect taxes and recognised in International Tax Review’s World Tax handbook.
Martin is a member of the core team dedicated to start-up hedge fund work. The team is behind Simmons & Simmons LaunchPlus: US to UK - the firm’s online resource for US-based fund managers launching in the UK.
- Recent Work
- advising The British Land Company PLC, a FTSE 100 real estate investment trust, in connection with a number of landmark financing transactions, including its securitisations of the Broadgate Estate, London, the Meadowhall Shopping Centre, Sheffield and a portfolio of UK superstores and the subsequent creation of joint ventures over the equity interest in each of these three asset pools. Martin most recently advised British Land on the further restructuring of its £2.8bn joint venture with Blackstone investment funds and the related securitisation of the Broadgate Estate to facilitate the development of UBS's new London headquarters building
- advising BlueCrest Capital Management, one of Europe's largest hedge fund managers, on the acquisition of Man Group plc’s stake in the BlueCrest group for a total consideration of $633m, the simultaneous acquisition of retired co-founder Bill Reeves’s remaining interests in the BlueCrest group and the related senior debt financing arranged by HSBC and RBS, which follows advice to BlueCrest on the reorganisation of its business, including the establishment of a new group head office in Guernsey and the opening of a trading centre in Geneva, Switzerland
- acting for The Royal London Mutual Insurance Society Limited on its participation in the successful £4.9bn contested offer by way of scheme of arrangement by a subsidiary of Pearl Assurance plc for Resolution plc
- acting for a number of the leading European and US traditional and alternative asset managers on tax structuring matters for their funds and investment management businesses, in particular, in respect of structuring investments in illiquid asset classes.
Martin qualified as a solicitor at Simmons & Simmons in 2000 and became a partner in 2008.
He is a regular participant at the Investment Management Association and Alternative Investment Management Association, and a member of AIMA’s Tax Committee. He also led the AIMA working group on the European Savings Directive.
Martin is a member of the Tax Committee of the Law Society of England and Wales and chairs its VAT and Duties Sub-Committee, regularly participating on behalf of the Law Society and clients in discussions with HM Revenue & Customs on VAT matters.