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Henrietta de Salis is a partner in Willkie’s Asset Management and Corporate & Financial Services Departments and is based in the Firm’s London office. She heads Willkie’s Financial Services Regulatory practice in London and is also part of the Firm's Structured Finance & Derivatives, Cybersecurity & Privacy, Digital Works and Environmental, Social & Governance Practice Groups. Henrietta is a financial services lawyer providing advice and transaction support to banks, securities firms, asset and investment managers, funds and intermediaries — including broker-dealers, custodians, trading platforms, private equity firms, wealth managers and insurers — on UK and European financial services legislation and compliance matters in both the wholesale and retail markets.

Henrietta regularly advises asset managers including the asset management divisions of insurers on a wide range of fund structures and the distribution of those funds and applicable regulatory requirements.

Henrietta is recognised by Best Lawyers for Financial Services and as a "Notable Practitioner" in the current edition of IFLR1000 for Financial Services Regulatory, and was shortlisted for "Financial Regulation Lawyer of the Year" at the Women in Business Law EMEA Awards 2026.

Henrietta's practice includes advising on:

  • licensing requirements and ongoing compliance issues, including conduct of business rule matters;
  • regulatory aspects of strategic and complex transactions relevant to financial institutions including M&A, reorganisations, integration of merged firms and joint venture and consortium arrangements;
  • structuring and marketing of funds, derivatives and other investment products and financial instruments;
  • agreements including terms of business with customers, fund administrators, custodians and depositories and other service providers including material outsourcing requirements;
  • regulatory developments and implementation issues for firms (e.g., in relation to MiFID II, AIFMD, CRDIV, IFR, EMIR, MAR, SFDR and the Taxonomy Regulation);
  • legal and regulatory requirements under UK and EU regulations relating to sustainability and other Environmental (E ), Social (S) and Governance (G) issues;
  • cryptocurrencies and other digital assets; the complex legal and regulatory implications arising out of the cross border provision of financial services and products; and
  • senior management issues related to governance, policy and procedures.

Experience

Henrietta has extensive experience both in private practice and in-house. She was a managing director in the Legal Department at Dresdner Kleinwort and head of capital markets (legal) at Swiss Re, giving her valuable insight into the requirements of financial institutions.

  • Co-author of "Recent Developments in EU Sustainable Finance Disclosure Regulation" (July 2022)
  • Speaker on the “ESG Regulatory Issues Impacting Investors in Europe,” panel at the 2nd annual ETFGI Global ETFs Insights Summit - ESG & Active ETFs Trends (March 2022)
  • Speaker at the ACA Fall 2021 Virtual Conference on “The UK’s Investment Firm Prudential Regime.” (September 2021)
  • Speaker at the 2nd annual ETFGI Global ETFs Insights Summit – Europe & MEA on the European and US Regulatory Initiatives Impacting ETFs (September 2021)
  • Webinar host "ESG in the UK and EU: Identifying and Managing Compliance, Governance, Litigation and Enforcement Risks" (June 2021)
  • Speaker on the "Impact of Regulatory Changes on Active ETFs." panel at the inaugural ETFGI Global ETFs Insights Summit on ESG and Active ETFs Trends. (March 2021)

Henrietta has advised on the following non-confidential significant matters:

  • Novacap on Close of Tech Fund VII at Nearly $3.8 Billion
  • Franklin Templeton on its acquisition of a majority interest in Apera Asset Management, a pan-European private credit firm with over €5 billion in assets under management
  • Franklin Templeton on its agreement to acquire Apera Asset Management
  • Ad hoc group of noteholders on the recapitalisation of the Lowell Group
  • Sponsor Bridge Street Re on its inaugural $400 million indemnity catastrophe bond offering
  • Oaktree on its partnership with Allianz to launch a reinsurance syndicate at Lloyd's
  • Genstar Capital in a majority investment in First Eagle Investments, an independent, privately owned investment management firm
  • Initial purchasers in a $12 billion offering by Mexico of pre-capitalized securities
  • Bondholder on ams-OSRAM consent solicitation
  • Victory Capital in its strategic partnership with Amundi combining Amundi US into Victory Capital in exchange for a 26.1% economic stake in Victory Capital and establishing long-term reciprocal distribution agreements
  • Fidelis Insurance Group and Herbie Re on a $375 million catastrophe bond issuance
  • LS Power Group on the formation of $2.7 billion Fund V
  • PAI Partners on a €7.1 billion fundraise for its eighth flagship fund
  • Searchlight Capital Partners on its recommended final cash offer for the entire share capital of London-listed Gresham House plc, a specialist alternative asset manager
  • Genstar Capital in its investment in Cerity Partners, a leading independent wealth management firm 
  • Genstar Capital in its acquisition of Numerix, the leader in capital markets risk management technology
  • Ad Hoc Group of Corestate Bondholders on Amendment Process
  • FTV Capital on the sale of its majority stake in Centaur, a global provider of fund administration services, to Waystone
  • Genstar Capital in its investment in Cerity Partners, a leading independent wealth management firm
  • Franklin Templeton in its acquisition of Alcentra, one of the largest European credit and private debt managers
  • Insight Partners in the fund raising of Fund XII and its dedicated co-investment fund, with aggregate commitments in excess of $20 billion
  • Franklin Templeton in the $1.75 billion acquisition of Lexington Partners, a manager of secondary private equity and co-investment funds
  • Insight Partners in its investment in Moonfare, a digital investment and asset management platform
  • Levine Leichtman Capital Partners on its investment in Global Loan Agency Services (GLAS)
  • Freshstream on the sale of leading UK holiday resort business Away Resorts to CVC Capital Partners
  • CapVest Partners on the sale of its portfolio company, leading food manufacturer Valeo Foods, to Bain Capital
  • Searchlight Capital Partners on its acquisition of Global Risk Partners, a leading UK based insurance brokerage business
  • Levine Leichtman Capital Partners on its acquisition of the Creditinfo Group in partnership with its founder and management team
  • CapStreet Group on its final closing of CapStreet V, L.P. ("Fund V") at $500 million, reaching the fund's hard cap
  • Foreside Financial Group, a portfolio company of Genstar Capital, in its acquisition of ACA Group
  • Stanley Capital on its acquisition of global specialty pharmaceutical company, Noden Pharma DAC
  • Genstar Capital and its portfolio company Apex Group in the acquisition of the corporate and private clients business of Link Asset Services, a division of the Australian listed Link Group
  • Arch Capital Group Ltd., in an approximately $502 million secondary public offering of common shares
  • Apex, a Genstar portfolio company, on its acquisition of Warburg's Asset Management and Servicing Business in Luxembourg
  • FTV Capital in its growth equity investment in London-based pet insurer Bought By Many
  • Fidelity National Information Services, Inc. in its $42 billion merger with Worldpay, Inc., a global leader in eCommerce and payments
  • Franklin Templeton in its acquisitions of Legg Mason ($4.5 billion), and alternative credit manager Benefit Street Partners
  • Genstar Capital in its acquisition of a majority stake in Cetera Financial Group, a leading network of nearly 8,000 financial advisors
  • Insight Partners in the closing of Fund X with aggregate commitments of $6.3 billion 

Credentials

Education


Aberystwyth University, LL.B. (Hons)

Bar Admissions


England & Wales