Richard Hay is a tax and financial regulation partner at Stikeman Elliott (London) LLP. Richard specializes in international taxation, estate planning and related policy. He has practiced for nearly 30 years and is the head of the International Private Banking and Financial Regulation Group.
Richard acts for a diverse group of international financial institutions, private clients and high net worth families on cross-border estate and tax planning. He advises professional firms on tax policy related to financial regulation and cross border tax data exchange. He also acts for private equity firms on regulatory matters pertaining to M&A in the trust and corporate services sector.
Prior to entering practice Richard was a tax law lecturer on the Law Faculties of the National University of Singapore (1984-1987) and the University of Ottawa in Canada (1981-1984). He clerked for the Chief Justice of the Supreme Court of Ontario (1978-1979). Between academe and commencing practice at Stikeman Elliott he was the first Director of Compliance at Lehman Brothers in London, immediately following the deregulation of UK financial markets in 1986.
Richard served as chair of the London-based STEP International Committee (with Richard Pease) for ten years and is a current member of the STEP Public Policy Committee. He is counsel to IFC Forum, an association including the principal professional firms in the British offshore centres. Richard represents IFC Forum and other private sector interests in government policy dialogues on tax policy and information exchange. He has contributed to tax policy development in the United Kingdom, the EU and various supranational bodies including OECD, G7 and G20.
Richard received the STEP Award for "Outstanding Contribution to the Profession" for work related to international financial services regulation. He is named as one of the "500 most influential people in the world's financial centres" in the FCI 500 produced by the Financial Centres International, available at http://www.financialcentresinternational.com/FCI500/.