Shearman & Sterling is expanding its global and China project finance capabilities with the addition of partner Sean Wang to its Shanghai office.
The firm said Wang would bring Chinese, US and global experience to the firm. “I have a Chinese background as well as a very strong training in the West, where altogether I spent nine years in New York in the project finance area,” Wang told China Business Law Journal.
He said China’s market offered plenty of opportunity. “There are a lot of companies going abroad investing in shares or assets, which creates opportunities for myself, because at this point I have more experience running transactions outside China than in China.”
Wang joins an Asia project finance practice that features partners in Tokyo, Singapore and Shanghai, and does considerable work with state-owned enterprises, governments, corporates and financial institutions. He arrives from White & Case, where he was partner in the Beijing office.
“A key strategic priority for us has been the continued expansion of our project development and finance practice worldwide, and Sean’s arrival in Shanghai will provide a significant boost to our market-leading Chinese and pan-Asia practices,” said Rohan Weerasinghe, Shearman & Sterling’s senior partner.
Tim Pick, the London-based global head of the firm’s project finance group, added: “Sean has strong capabilities on the development and financing side, and a great understanding of the regulatory market in China. He has also worked on a number of complex, multibillion-dollar projects in China, Asia and the Middle East.”