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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Ian Fraser

Tel:
Work 020 7825 4800
Email:
Simmons & Simmons

Position

Ian has significant experience advising businesses on all aspects of employee incentives. This work includes advising on the design and drafting of share incentive plans, manager equity arrangements and cash bonus plans, and on the tax, legal and regulatory implications of operating them in the UK and internationally. Ian advises on HM Revenue & Customs approved share plans and ‘unapproved’ arrangements, and on structuring equity arrangements for new hire and severance packages. Ian also regularly advises on managing employee equity rights in the course of corporate transactions, including maximising value through the efficient use of tax reliefs.

Career

Trained and qualified as a chartered tax adviser at a ‘big four’ accounting firm; became a solicitor and has advised on employee incentives and employment taxes for 15 years; partner in the employment, pensions and incentives team Simmons & Simmons 2013; speaks regularly at conferences on employee incentives issues and leads seminars, workshops and other training programmes for clients and other lawyers.


London: Human resources

Employee share schemes

Within: Employee share schemes

Simmons & Simmons' 'extremely good' department is led by Ian Fraser and specialises in the financial services sector; clients include Bank of America Merrill Lynch and Marex Financial. Fraser recently acted for Invesco on the incentive aspects of its $500m acquisition of Source; he also assisted Principal Global Investors with the share scheme elements of its acquisition of Internos Global Investors and advised NM Rothschild & Sons on the structuring and implementation of a global partner and employee profit share arrangement. Managing associate Tair Hussain is also recommended; he is active in structuring remuneration arrangements and remuneration reporting and disclosure issues.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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