
Ian Scorah
General Counsel, Investment Management
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Areas of Expertise
Strengths
Problem-Solving
Values
Empathy
Passions
Sports, travelling, food and wine
Ian Scorah joined Cleveland & Co in 2026 as General Counsel, Investment Management, and leads the firm’s Investment Management practice. He brings more than 25 years of senior legal experience developed inside some of the world’s largest asset management businesses, advising fund and asset managers across the full lifecycle of investment management activity: fund establishment and structuring across UCITS, AIFs, ETFs, LTAFs and alternative vehicles; investment management agreements and delegation arrangements; distribution documentation; and operational service provider contracting.
Ian read Law at Merton College, Oxford, and trained and qualified at Travers Smith, where he was admitted as a solicitor in 1997 and specialised in asset management within the firm’s newly established Financial Services and Markets group. He built the balance of his career in-house, at Hermes Pensions Management (now Federated Hermes) and Morley Fund Management (now Aviva Investors), before joining PIMCO Europe in 2007, where he served as Senior Vice President and Senior Counsel across nearly 14 years and two stints with the firm.
His record at PIMCO is distinguished. He led the establishment of the firm’s European ETF platform, a joint venture with Source Markets (now part of Invesco), which brought the first actively managed fixed-income ETF to the European market. He later directed the establishment of PIMCO’s DIFC office in Dubai, securing the DFSA licence and coordinating filings across multiple jurisdictions. As lead of the client contracting team he negotiated complex separately managed accounts for central banks, sovereign wealth funds and pension funds throughout EMEA, and served as legal lead on SFDR, Consumer Duty and SMCR implementation.
In 2014 Ian was appointed Partner and Head of Legal at a start-up hedge fund manager, where as fourth hire he took responsibility for every legal dimension of building the business. He has also advised BlackRock, Baring Asset Management, Farallon Capital Europe and Citigroup in a consultancy capacity, contributed to industry lobbying on the EU Money Market Fund Regulation and the UCITS eligible assets consultation, and served on the Investment Association’s Legal Committee.
Having spent his career inside the institutions he now advises, Ian combines technical depth with an instinct for the commercial and operational realities his clients face, enabling him to offer pragmatic solutions to complex problems.
Outside of work, Ian enjoys spending time with his wife and six-year-old son. He is a keen skier and ski mountaineer, drawn to off-piste terrain in locations such as Kyrgyzstan, Greenland and Svalbard, and closer to home enjoys finding new routes on his gravel bike, cooking, and learning about wine.
First Actively Managed Fixed-Income ETF in Europe
Led the establishment of PIMCO’s European ETF platform, structured as a joint venture with Source Markets (now part of Invesco). The platform brought the first actively managed fixed-income ETF to the European market, a pioneering development in the evolution of European funds, requiring novel structuring, regulatory engagement and exchange listing across multiple jurisdictions.
Establishment of PIMCO’s DIFC Office, Dubai
Directed the establishment of PIMCO’s DIFC office in Dubai from inception: determining the appropriate legal structure, securing the DFSA licence, and coordinating regulatory filings across multiple jurisdictions to open a new regional presence for the firm.
Institutional Mandates and Fund Platforms Across EMEA
Led PIMCO’s client contracting team, negotiating complex separately managed account mandates for central banks, sovereign wealth funds, financial institutions and pension funds throughout EMEA, alongside distribution arrangements across Europe and Latin America. Also supported the firm’s Irish UCITS business, now home to the largest actively managed UCITS fund.
Regulatory Implementation and Industry Policy
Served as legal lead on successive regulatory implementation programmes, including SFDR, Consumer Duty and SMCR, alongside cross-border licensing, passporting and regulatory engagement across EMEA and the Middle East. Contributed to industry lobbying on the EU Money Market Fund Regulation and the UCITS eligible assets consultation, and served on the Investment Association’s Legal Committee.
Founding Legal Leadership and Institutional Advisory
Appointed Partner and Head of Legal at a start-up hedge fund manager as its fourth hire, taking responsibility for every legal dimension of building the business, from fund structure and constitutional documents to regulatory approvals and operational establishment. Subsequently advised BlackRock, Baring Asset Management, Farallon Capital Europe and Citigroup in a consultancy capacity on technical matters including structured UCITS and the Money Market Funds Regulation.
- ACD Arrangements
- Administration
- AIFMD
- AIFMs
- AIFs
- AML
- Anti-Bribery & Corruption
- Authorised funds
- CIS Operators and Schemes
- CISs
- Collective Investment Schemes
- Commercial Contracts
- Commercial Law
- Company Law
- Company Secretarial
- Compliance
- Contract Drafting and Negotiation
- Contracts
- Corporate Agreements
- Corporate and Commercial
- Corporate Governance
- Corporate Law
- Counter-Party Agreements
- Cross Border Marketing Rules
- Cross-Border Legal Requirements
- Custodian Services and CSDs
- Custody
- Debt
- Debt Arrangements
- Debt Capital Market
- Debt Restructuring
- EU Financial Services Regulation
- Financial Regulation
- Financial Services Legislation (including: Capital Adequacy, Consumer Duty, MiFID II, Remuneration Rules, SFDR)
- Financial Services Regulation
- Fund Governance
- Fund Structures
- Funds (registered and unregistered / listed or unlisted)
- GC services
- Hedge Funds
- ICAV
- Impact Investing
- Institutional
- Intra-group Agreements
- Introducer Arrangements
- Investment Governance
- Investment Management Agreements
- Investment Managers
- LPAs
- ManCos
- Marketing and Pre-Marketing Rules
- MiFID I
- Minority and Majority Shareholders
- Money Markets
- NDAs
- Negotiation
- New Companies’ Incorporation
- Non-UCITS
- NURS
- Option Agreements
- Outsourcing
- Perimeter Advice
- Political Risk
- Private Equity Funds
- RAIF
- Real Estate
- Real Estate Asset Managers
- Regulatory
- Regulatory & Compliance
- Regulatory Developments
- Regulatory Obligations
- Remuneration Rules
- Repurchase Transactions
- Rule and Guidance
- Securities
- Securitisation
- Settlement and Custody
- SFDR
- Share Purchase Agreements
- Sustainable Finance
- Transition Management
- UCITS
- UK & EU Financial Services Legislation
Qualifications & Courses
- Qualified as a Solicitor in England and Wales, 1997
- BA in Law, University of Oxford, 1994
- Legal Practice Course, College of Law, 1995
Appointments & Memberships
- Legal Committee, The Investment Association (three years, prior to joining Cleveland & Co)
