FenXun Partners announced on 23rd August that Ada Hu has joined the Firm's Financial Services Practice as partner in the Firm's Beijing office. Ada joins the Firm from Tian Yuan Law Firm. She will collaborate with lawyers in the Shanghai, Shenzhen and Hainan offices, as well as lawyers in the Financial Services Group of Baker McKenzie through the Baker McKenzie FenXun (FTZ) Joint Operation platform, to serve domestic and international insurance companies and their asset managers in both contentious and non-contentious matters.

Yingzhe Wang, managing partner of FenXun Partners said, “We are delighted to welcome Ada to the Firm. Her deep sector knowledge and experience will add breadth and depth to our insurance capabilities, which is a significant part of our Financial Services Practice in China. Ada's appointment is part of our continued strategy of making hires in areas that will benefit our clients.”

Martin Tam, Asia Pacific co-Chair of Baker McKenzie's Insurance Practice said, “The insurance industry is likely to recover faster than many other sectors in the wake of the global pandemic. Moreover, China's growing middle class and liberalization of the country's financial markets and foreign investment regime will provide further impetus to the sector's growth. Ada's notable experience and knowledge of the Chinese insurance market not only complement our insurance teams across Asia but will also be of significant value to our clients, particularly as they look to unlock new opportunities in China.”

Ada Hu said: "I am delighted to be joining FenXun Partners, which has a top-tier market reputation in China. Moreover, Baker McKenzie has a strong Global Insurance Practice that is highly regarded by the major international and local insurers and reinsurers, captives, insurance intermediaries, and self-regulatory bodies it serves. I look forward to bringing my industry insights and know-how to the table to assist insurance companies and their asset managers with their cross-border investments and contentious matters."