Monica Gogna


Monica Gogna


London | 160 Queen Victoria Street, London, UK EC4V 4QQ
+44 20 7184 7554 | +44 20 7184 7001

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Monica Gogna specialises in advising on financial services regulation, with a particular focus on asset management. She has significant experience advising clients on UK and European regulatory issues affecting the provision of cross-border investment services. Ms Gogna also regularly advises on the key regulatory issues regarding the structuring of a broad range of products including alternative investment funds, undertakings for collective investment in transferable securities (UCITS), derivatives and retail structured products. Most recently, Ms. Gogna served as a member of the Investment Association’s working group responsible for the MiFID II inducement regime and the use of research and was a driving force in producing an industry wide solution and guidance in relation to the cross-border regulatory issues affecting the use of research on an intra-group basis.

Ms. Gogna is well known in the European exchanged traded fund market, having worked on a number of key projects, including the establishment, authorisation and simultaneous listing of European ETFs in multiple jurisdictions; the development of a cross-border distribution platform for ETFs and a re-organisation of authorised participant platforms for a global asset manager. She currently serves as Secretary and a Director on the Board of Women in ETFs in Europe.

Ms. Gogna clients include global asset managers, banks, FinTech companies, foreign governments, industry associations, investment managers, private banks and regulators on a variety of regulatory matters in the financial services sector. These include developing compliance, governance and risk management policies as well the implementation of EU Directives, such as MiFID II, UCITS, AIFMD, PRIIPs, EMIR & CRD IV. She also counsels clients on issues relating to the acquisition, restructuring and disposal of regulated businesses in the UK and Europe.

Ms Gogna was personally commended by the Financial Times in its Innovative Lawyers 2018 report for Europe, in the "Managing complexity and scale" category for leading the firm's work on the generation and use of investment research under MiFID II, in association with the Investment Association. Ms Gogna has also been consistently recognised by legal directories for her expertise in both financial services regulation and exchange traded funds and most recently was recommended as a “Next Generation Lawyer” by the Legal 500, 2017 for her work in financial services regulation. She was also recognized as a “Rising Star” by Derivatives Intelligence in 2012 for her work in the exchange traded funds industry.

Ms. Gogna regularly writes a blog Monica Gogna on Asset Management published by the Practical Law Company (subscription service) – She has also recently been appointed as a contributing editor to Lexis Nexis PSL.

Prior to joining Dechert, Ms. Gogna began her career as a business analyst at JP Morgan Asset Management, moving onto become a senior associate at Clifford Chance. She most recently served as a partner in the investment management and financial services regulation group at Ropes & Gray. 

  • A multinational investment banking and financial services corporation on the structure of a structured UCITS fund platform.
  • A large ETF provider in the UK on obtaining a premium ETF listing with a cross-listing of 14 sub-funds simultaneously across seven jurisdictions.
  • The establishment of the first Shariah-compliant Exchange-Traded Commodity Fund listed in the Middle Eastern markets.
  • The establishment of the first cross-border European ETF alliance between a large global UCITS provider and an international bank.
  • A large US bank in connection with transitioning their lending and derivatives operations from Ireland to the UK involving borrowers/counterparties in over 80 jurisdictions.
  • A mutual fund in relation to investing funds in P2P firms and the relevant structuring, documentation and regulatory requirements.
  • Botswana International Financial Services Centre in relation to drafting financial legislation and regulation.
  • A global investment banking and financial services corporation on the structuring and establishment of a structured UCITS fund platform and ETF distribution strategy.
  • A European investment bank in connection with creating a unified AP platform across three jurisdictions in order to streamline its ETF operations prior to the sale of its operations to a global ETF provider.

Includes matters handled at Dechert or prior to joining the firm.

  • College of Law, Legal Practice Course, 2003
  • University of Manchester, LL.B. (Hons), 2001
  • England and Wales
  • Solicitor, Law Society of Ireland
  • Secretary, Women in ETFs
  • Member, working group on MiFID II, Investment Association
Speaking Engagements
  • PDI's Capital Structure Forum — London (October 23-24, 2018) 
  • Brexit for Fund Managers Seminar Series - Session Four: Portfolio Management and Delegation — London (October 18, 2018) 
  • Bitcoin + 10: Ten Years of Virtual Currencies and Blockchain — New York, NY (October 11, 2018) 
  • Hedge Funds Nuts & Bolts: Brexit for Hedge Fund Managers – 6 months and Counting — (October 10, 2018) 
  • Inside ETFs Europe — London (October 1, 2018) 

Monica Gogna speaks at 'Inside ETFs Europe 2018,'  a two day conference delivering the latest intelligence on the European ETF Market.  Monica takes part in the session: ETFs & regulation: what we can expect in the coming months. 

  • Brexit for Fund Managers Seminar Series - Session Two: Structuring and Executing Fund Investments from the U.K. Without a Passport — London (September 20, 2018) 
  • What Is the Future of UCITS Post-Brexit?— 2018 Mutual Funds and Investment Management Conference, San Antonio, TX (March 19, 2018)

Monica Gogna participates on a panel titled "What Is the Future of UCITS Post-Brexit?" The panelists discussed he possible fallout UCITS may experience from the United Kingdom’s determination to withdraw from the European Union (EU). In addition, they provided an update on the status of Brexit and discussed the near-and long-term implications for the UCITS industry, including possible restrictions on delegation and outsourcing outside of the EU. 

  • The Regulatory Environment — Northern Trust Distribution Summit, London (April 26, 2017)
  • A Practical Guide to Preparing for MiFID II — CityWire Compliance: Asset Management Compliance& Risk Conference, London (March 30, 2017)
  • The Regulatory Outlook In Depth: Three Views On MIFID II, RDR And The Future — Inside ETFs Europe, Amsterdam (June 13, 2016)
  • Impact of European Regulations on Product Governance & Distribution: An Overview — Marketing and Advertising Compliance, London (April 10, 2016)
  • Gearing Up for ISA's — Lend It Europe, London (October 21, 2015)
  • What Does the Future Hold for Product Development and Fund Distribution Under MiFID II? — FT Live: Regulation in Asset Management, London (March 24, 2015)