Julian Velarde – GC Powerlist
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Hong Kong 2026

Financials

Julian Velarde

APAC General Counsel | BNP Paribas

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Hong Kong 2026

legal500.com/gc-powerlist/

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Julian Velarde

APAC General Counsel | BNP Paribas

Team size: circa 150

In an increasingly complex global environment, how are you helping your organisation navigate risk while still supporting growth?

Operating across thirteen jurisdictions in APAC as part of a globally interconnected bank means navigating increasing complexity: regulatory fragmentation, geopolitical uncertainty, evolving market expectations and sophisticated client demands. My role is not simply to identify risks, but to help the organisation manage them in a way that enables responsible and competitive growth.

I strongly believe legal teams create the most value when they work hand in hand with the businesses they support and are involved early in strategic discussions. That requires lawyers to understand not only the legal framework, but also the commercial objectives of the businesses they support. In practice, that means maintaining close relationships with management and business teams across the region so that legal advice is pragmatic, timely and solutions-oriented.

One of the biggest challenges today is the pace and volume of regulatory change, particularly for an international bank operating across many markets. We have therefore focused on more structured approaches to regulatory monitoring, knowledge sharing and cross-border collaboration. Consistency and connectivity across teams are increasingly important.

At the same time, I strongly believe in empowering talented people. In a complex environment, no single individual has all the answers. Collective intelligence is key. I place significant emphasis on building engaged teams, encouraging open dialogue and ensuring expertise is shared across jurisdictions and product areas.

Ultimately, risk management and growth should not be viewed as opposing forces. Good legal support should enable the business to pursue opportunities with confidence and clarity.

How has the role of General Counsel evolved in recent years, and where do you see GCs creating the most value today?

Traditionally, GCs have been seen as technical legal advisers and risk gatekeepers; today, the role is far broader and more strategic. In highly regulated sectors such as banking, the GC is increasingly expected to contribute to discussions around strategy, governance, culture, growth and long-term resilience, helping organisations successfully navigate complexity and change. The GC is no longer simply seen as an adviser to senior management; rather the GC is now an integral part of senior management.

I also think expectations of leadership have evolved. Modern legal teams are managing increasingly diverse challenges across jurisdictions and regulatory regimes, often at considerable pace. As a result, creating an environment where people feel trusted, supported and connected has become critically important. Leadership today is less about hierarchy and more about enabling talented people to succeed.

Legal departments are also increasingly expected to deliver services more efficiently, leverage technology intelligently and demonstrate measurable value to the businesses they support. That requires legal leaders to think not only like lawyers, but also like managers of professional services organisations.

For me, GCs create the greatest value when they combine sound judgement, commercial understanding and strong relationships. The best legal functions are trusted partners to the business: pragmatic, collaborative and forward-looking, whilst still maintaining the independence essential to the role.

What regulatory or risk trends are having the greatest impact on your role at present?

The regulatory environment for international financial institutions has always been complex, but the scale and pace of change today is greater than at any point in my career. One defining challenge is that organisations must increasingly navigate overlapping regulatory expectations across multiple jurisdictions whilst continuing to operate globally and serve clients efficiently. In APAC in particular, regulatory divergence is a major theme, with implementation differing significantly between markets.

Another major trend is the growing focus on non-financial risk. Regulators and boards alike are placing greater emphasis on governance, operational resilience, accountability and cybersecurity, particularly given the increasing digitalisation and cross-border nature of financial services.

Geopolitical uncertainty is also having a significant impact. Businesses today are operating in an environment where sanctions, trade restrictions and broader geopolitical developments can change rapidly and have immediate legal and commercial consequences.

The role of the legal function is increasingly about helping organisations navigate uncertainty with confidence rather than simply identifying legal risk in isolation. That requires strong collaboration across teams and jurisdictions, as well as lawyers with broader commercial and strategic perspectives alongside technical expertise.

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