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Maclay Murray & Spens LLP

Work 0330 222 0050
Fax 0330 222 0052
Aberdeen, Edinburgh, Glasgow, London

David Young

Work 0330 222 0068
Maclay Murray & Spens LLP

Work Department

Financial services group.


David has a broad financial services practice, comprising quality transactional and advisory work for high-profile clients. He specialises primarily in the investment fund and insurance fields, but also advises clients on regulatory and other financial services law issues. His clients include Scottish Widows, Lloyds Banking Group, Railways Pension Scheme, Aberdeen Asset Management, Dalmore Capital, Martin Currie, Threadneedle, Lothian Pension Fund. David’s recent experience includes: advising in relation to the NAPF Pensions Infrastructure Platform PPE Equity Fund, a £500m investment fraud to invest in infrastructure assets, advising on AIFMD restructuring, advising a large UK financial institution, in relation to its ongoing private equity fund investment programme; advising Railpen Investments, in relation to its extensive investment programme; advising Dalmore Capital Ltd on the establishment of its FSA advised management vehicle and the ongoing launch of Dalmore Capital Fund, advising Martin Currie on its AIFMD restructuring programme with APS Asset Management, advising RPMI Ltd on the establishment of a mutual trading relationship with Railways Pension Scheme; advising Lothian Pension Fund in relation to secondary buyouts of interests in timberland assets; advising a large UK-based asset manager, in relation to its insurance arrangements and in relation to resolving specific regulatory issues.


Qualified 2001; Maclay Murray & Spens LLP; senior solicitor 2004; associate 2007; partner 2009.


Elgin Academy; George Watsons College; University of Edinburgh (1998 LLB (Hons) 2(1); 1999 Dip LB).


Tennis (Grange Dyvours Tennis Club); golf; cinema.

London: Corporate and commercial

Investment funds

Within: Investment funds

In the private funds space, Maclay Murray & Spens LLP’s David Young led the advice to Dalmore on its launch of a fund connected with its successful bid for the Thames Tideway Tunnel Project. Another key figure, Nick Rutter heads the retail funds practice, which acts for clients such as Thesis, Valu-Trac and Sturgeon Ventures. Listed funds expert Guy Norfolk is ‘pragmatic and has a wealth of knowledge’.

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    On 10 August 2017 the Luxembourg Stock Exchange announced that all domestic and foreign issuers operating on the regulated market (Bourse de Luxembourg) or on the multilateral trading facility (Euro MTF) of the Luxembourg Stock Exchange must provide their legal entity identifier (“LEI ”) codes to the Luxembourg Stock Exchange before 15 September 2017.
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