Dechert has appointed Phillip Sacks as managing partner of its Dubai office, strengthening the team’s expertise across a range of asset classes including credit and collateralised loan obligation (CLO) funds.
Sacks rejoins the law firm within its investment management practice after previously working at Dechert as a partner in 2016 and practising in the firm’s Dubai office for more than seven years.
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According to the firm, Sacks has extensive experience advising financial institutions, fund managers and sovereign wealth funds. He advises on the structuring and establishment of conventional and Shari’ah-compliant investment funds, including private equity and venture capital funds, real estate funds, infrastructure funds, hedge funds, and credit and CLO funds.
“As we look to expand and strengthen our capabilities, Phillip’s wealth of experience in the region will significantly enhance our client offering. We are extremely pleased to welcome Phillip back to Dechert”, said Mark Thierfelder, co-chair of Dechert.
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Prior to rejoining Dechert, Sacks served as a partner in the Dubai office of another international law firm.
“Dechert’s reputation in financial services and investment management is unrivalled and I am thrilled to be joining the firm to help grow its presence in Dubai and at a time when the region is expanding to be one of the most dynamic and exciting markets globally,” said Sacks.
