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Thought Leaders

Thought Leaders

Thought Leader

WWL Ranking: Thought Leader

WWL says

Caroline Clemetson's “impressive know-how puts her clearly on the forefront of any new innovative business idea”. Sources state: “Nobody is on the same level as her.”

Questions & Answers

Caroline Clemetson is a partner in Schellenberg Wittmer’s banking and finance group in Zurich and Geneva. She is head of the investment management practice of the firm and a key partner in the fintech and blockchain practice, as well as a member of the firm’s management committee. Caroline’s practice focuses on banking and finance law, particularly financial services and financial regulation; asset management; collective investment schemes and other investment products; distribution of financial products; fintech; derivatives; trade finance; pension funds; and insurance and reinsurance brokerage regulation. 

What inspired you to specialise in banking law?

Originally, it came up with the fact that I wanted to specialise in financial products as I really liked the technical aspects of such products. It grew naturally from there and was really enhanced when I started working for FINMA in my early thirties.  

Since you began your career, what has been the biggest change to the banking sector you have experienced?

Well, I must say that the financial crisis of 2008 was quite of an experience, and all the changes in the market and in the regulations that followed were really impressive. It completely changed the aspects related to regulation of the asset managers and of the distribution of financial products. Furthermore, transparency has brought about an amazing change in the banking industry. 

What impact do you think that covid-19 will have on regulators, and what can companies do in response?

I do not know if covid-19 will have a real impact on regulators to be honest. I believe such situations can show the regulators whether companies have appropriate business continuity plans or not. Furthermore, I think that regulators in such situations should be more pragmatic with certain situations, as we are slowly moving towards being in an over-regulated world. 

What developments in Swiss banking regulation should foreign practitioners be following and why?

The implementation of the new financial services act is the latest development that foreign practitioners should follow, as new rules apply to foreign providers looking to gain access to the Swiss market. 

What do you think will be the greatest challenge faced by the generation of banking practitioners behind you?

Remain competitive!

You have enjoyed a very distinguished career thus far, what do you hope to achieve that you have not yet accomplished?

This is a very difficult question. I am quite a happy person. My greatest accomplishment will always be to enjoy what I do and always get to know new people.

What is the best piece of career advice you have ever received?

One thing after the other! 

Global Leader

Banking - Fintech 2020

Professional Biography

WWL Ranking: Recommended

WWL says

Caroline Clemetson's “impressive know-how puts her clearly on the forefront of any new innovative business idea”. Sources state: “Nobody is on the same level as her.”

Biography

Caroline Clemetson is a partner in Schellenberg Wittmer’s banking and finance group in Zurich and Geneva. She is head of the investment management practice and a key partner in the fintech and blockchain practice, as well as a member of the firm’s management committee. Caroline’s practice focuses on banking and finance law, particularly financial services and financial regulation; asset management; collective investment schemes and other investment products; distribution of financial products; fintech; derivatives; trade finance; pension funds; and insurance and reinsurance brokerage regulation. Caroline also has experience in corporate and transactional matters.

Some recent examples of Caroline’s expertise in investment management include: counsel to a major Swiss fund management company for the set-up of a new Swiss Mortgage Fund, which has been described as one of the most innovative products in the market in the past five years; advising several fund managers on obtaining their FINMA licence as fund manager in Switzerland and implementing their new organisation, including the set-up of their compliance and risk management strategies as well as the implementation of the new anti-money laundering regulation; and counsel to several major fund management companies for the set-up of complex Swiss products (several billion AUM).

Caroline is highly recognised by leading directories and publications for her expertise in investment management and banking. Chambers and Partners quotes “impressed clients” who say that “Caroline Clemetson has ‘outstanding expertise in all matters related to Swiss-regulated fund management’ and clients stress that Caroline ‘knows the Swiss financial regulations inside-out, knows how to work with FINMA and it has been a pleasure working with her’.” Who’s Who Legal additionally comments that “Caroline is incredibly knowledgeable and is clearly well versed in handling investment funds.”

Caroline is an authorised representative at the SIX Swiss Exchange and is a member of the legal and compliance specialist committee of the Swiss Funds and Asset Management Association (SFAMA). She is the secretary of the executive board of the Swiss Trading and Shipping Association (STSA).

Caroline graduated from the Universities of Lausanne and Zurich in 2001 and was admitted to the Swiss Bar in 2003. In 2006, she earned an LLM from Columbia University, New York after working for several years at another business law firm in Geneva.

Before joining Schellenberg Wittmer as a partner in 2014, Caroline worked for the Swiss Financial Markets Supervisory Authority (FINMA) (2006–2014), where she was head of the investment products and distribution department within the markets division. In that function, she was responsible for the entire approval and authorisation processes for all types of Swiss and foreign collective investment schemes and related institutions, such as fund management companies, asset managers, custodian banks, representatives of foreign collective investment schemes and distributors in Switzerland. Additionally, she was responsible for all aspects of distribution in Switzerland and the registration of insurance brokers in Switzerland and related issues.

Private Funds - Formation 2021

Professional Biography

WWL Ranking: Recommended

WWL says

Caroline Clemetson comes highly recommended for her encyclopaedic understanding of Swiss-regulated private fund structures.

Biography

Caroline Clemetson is a member of the management committee, head of Schellenberg Wittmer's investment group, and a partner in the banking and finance group in Zurich and Geneva.

Some examples of Caroline's expertise include counsel to a major Swiss fund management company for the set-up of a new Swiss Mortgage Fund; advising fund managers on obtaining their FINMA licence as fund manager in Switzerland and implementing their new organization; and counsel to major fund management companies for the set-up of complex Swiss products.

Caroline is an authorised representative at the SIX Swiss Exchange, member of the legal and compliance specialist committee of the Swiss Funds and Asset Management Association and secretary of the executive board of the Swiss Trading and Shipping Association.

Caroline graduated from the Universities of Lausanne and Zurich in 2001 and was admitted to the Swiss Bar in 2003. In 2006, she earned an LLM from Columbia University.

Before joining Schellenberg Wittmer as a partner in 2014, Caroline worked for the Swiss Financial Markets Supervisory Authority.

Private Funds - Regulatory 2021

Professional Biography

WWL Ranking: Recommended

WWL says

Caroline Clemetson enjoys a "strong reputation for her funds work" which includes advising a broad range of asset managers and investment funds on transactions and collective investment schemes.

Biography

Caroline Clemetson is a member of the management committee, head of Schellenberg Wittmer's investment group, and a partner in the banking and finance group in Zurich and Geneva.

Some examples of Caroline's expertise include counsel to a major Swiss fund management company for the set-up of a new Swiss Mortgage Fund; advising fund managers on obtaining their FINMA licence as fund manager in Switzerland and implementing their new organization; and counsel to major fund management companies for the set-up of complex Swiss products.

Caroline is an authorised representative at the SIX Swiss Exchange, member of the legal and compliance specialist committee of the Swiss Funds and Asset Management Association and secretary of the executive board of the Swiss Trading and Shipping Association.

Caroline graduated from the Universities of Lausanne and Zurich in 2001 and was admitted to the Swiss Bar in 2003. In 2006, she earned an LLM from Columbia University.

Before joining Schellenberg Wittmer as a partner in 2014, Caroline worked for the Swiss Financial Markets Supervisory Authority.

National Leader

Switzerland - Banking 2020

Professional Biography

WWL Ranking: Recommended

WWL says

Caroline Clemetson is "an undisputed funds specialist" with extensive knowledge of asset management.

Biography

Caroline Clemetson is a member of the management committee, head of Schellenberg Wittmer's investment group, and a partner in the banking and finance group in Zurich and Geneva.

Some examples of Caroline's expertise include counsel to a major Swiss fund management company for the set-up of a new Swiss Mortgage Fund; advising fund managers on obtaining their FINMA licence as fund manager in Switzerland and implementing their new organization; and counsel to major fund management companies for the set-up of complex Swiss products.

Caroline is an authorised representative at the SIX Swiss Exchange, member of the legal and compliance specialist committee of the Swiss Funds and Asset Management Association and secretary of the executive board of the Swiss Trading and Shipping Association.

Caroline graduated from the Universities of Lausanne and Zurich in 2001 and was admitted to the Swiss Bar in 2003. In 2006, she earned an LLM from Columbia University.

Before joining Schellenberg Wittmer as a partner in 2014, Caroline worked for the Swiss Financial Markets Supervisory Authority for several years in a senior management position.

WWL Ranking: Recommended

WWL says

Caroline Clemetson has a “very strong reputation as a funds lawyer” and excels when it comes to investment products and asset management.

Biography

Caroline Clemetson is a member of the management committee, head of Schellenberg Wittmer's investment group, and a partner in the banking and finance group in Zurich and Geneva.

Some examples of Caroline's expertise include counsel to a major Swiss fund management company for the set-up of a new Swiss Mortgage Fund; advising fund managers on obtaining their FINMA licence as fund manager in Switzerland and implementing their new organization; and counsel to major fund management companies for the set-up of complex Swiss products.

Caroline is an authorised representative at the SIX Swiss Exchange, member of the legal and compliance specialist committee of the Swiss Funds and Asset Management Association and secretary of the executive board of the Swiss Trading and Shipping Association.

Caroline graduated from the Universities of Lausanne and Zurich in 2001 and was admitted to the Swiss Bar in 2003. In 2006, she earned an LLM from Columbia University.

Before joining Schellenberg Wittmer as a partner in 2014, Caroline worked for the Swiss Financial Markets Supervisory Authority.

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