Sue Wan Wong

Sue Wan Wong

Wong & Partners


Sue Wan Wong is a partner in the Corporate, Commercial & Securities Practice Group of Wong & Partners and she also drives the Firm's Fintech practice. Sue Wan is a widely acknowledged practitioner, having ranked as a Band 1 practitioner for Chambers Fintech Legal since its inception and receiving the Woman Lawyer of the Year and "40 under 40" awards by Asian Legal Business in 2018 and 2015 respectively. She is also sought after for her valuable insights in the Fintech space, with multiple participation in interviews, commentaries and publications across the region.

Sue Wan is a member of the US-ASEAN Business Council (Financial Services Committee) and served as the former Secretary of the Fintech Association of Malaysia.

Practice Focus

Sue Wan has undertaken numerous transactions relating to initial public offerings, restructuring, mergers and acquisitions including take-overs of public listed companies. She has depth to her mergers and acquisitions experience given her role in advising companies in the acquisition and divestment of interests in financial institutions and capital market intermediaries, with such deals being consummated through share deals, schemes of transfers and also those that extend to triggering general offers.

Her practice includes advising on a suite of financial services regulatory matters, including on the establishment of financial service providers, regulatory enquiries, marketing of financial products and financial services compliance. She engages and advises businesses involved in the innovation, investment and development of financial technology products and services. Sue Wan has vast experience in advising clients at the forefront of innovation, helping to navigate the web of regulatory and compliance challenges, and to facilitate partnerships between industry players and regulators. Her significant experience includes advising on 'pay-later' factoring models, insurtech solutions, and fintech-as-a-service models, amongst others.

Representative Legal Matters

  • Advised Liberty International Holdings Inc. and its Malaysian licensed general insurer, Liberty Insurance Berhad (LIB) on LIB's acquisition of AmGeneral Insurance Berhad (AmGen). This transaction includes a 20-year exclusive bancassurance partnership with AmBank (M) Berhad, AmBank Islamic Berhad and AMMB Holdings Berhad for the distribution of general and non-life insurance products of LIB and AmGen. Upon completion of the transactions, we will assist with the merger of LIB and AmGen via scheme of business transfer. The combined businesses of LIB and AmGen is expected to result in the creation of the largest motor insurer, and second largest property and casualty insurer, in Malaysia.

  • Advised Touch 'N Go Sdn Bhd (TNG), a subsidiary of the CIMB group, on its entry into a joint venture with the Ant Financial Services Group (Ant Financial), the parent company of Alipay. The JV represents Ant Financial's first equity investment into Malaysia. The JV led to the creation of a world class financial services platform and payments provider which is expected to revolutionize the financial services industry in Malaysia, and in particular, domestic and cross border payments. TNG is Malaysia's largest electronic payment system operator, and Alipay is the world's leading digital financial services provider headquartered in China.

  • Drafted the rules for Malaysia's Bursa Carbon Exchange (BCX), which includes all the requisite operating procedures, the agreements with the relevant custodians, application forms and on-boarding documents for participants to enable the operationalization of BCX. We further rendered legal and regulatory advice in relation to the nature of carbon credits (which also underpinned the analysis by the Shariah Committee on the BCX being a Shariah-compliant trading platform), and conducted a regulatory review in relation to the carbon credit market and the operation of carbon credit registries. The BCX is the first Shariah-compliant carbon exchange in the world.

  • Advised Maybank Asset Management Group Bhd (MAMG), a wholly-owned subsidiary of Malayan Banking Bhd, in the following transactions: (i) MAMG’s MYR 51 million acquisition of a 100% stake in Amanah Mutual Bhd (AMB) and Singapore Unit Trusts Ltd (SUTL) from Amanah Saham Nasional Bhd and PNB International Limited, both of which are wholly-owned subsidiaries of Permodalan Nasional Bhd (PNB). The deal entailed MAMG acquiring ownership of AMB for MYR 16.12 million and SUTL for MYR 34.88 million; and (ii) PNB’s subscription of new shares in MAMG representing 20% of the enlarged share capital of MAMG, for MYR 50 million.

  • Advised StashAway Malaysia Sdn Bhd, a Singapore-based robo-advisor known for its digital wealth management platform, on its application for the first Capital Market Services License for Digital Investment Management (DIM License) in Malaysia. The DIM License is the first of its kind in the country and StashAway Malaysia will be the first in the country to offer highly sophisticated, goal-oriented investment services to everyone, regardless of net worth.

  • Assisted an innovative Singapore-based fintech company in connection with its proposed acquisition of 51% of the equity interest in an entity which will acquire the digital asset exchange business that is currently operated by a Recognized Market Operator registered with the Securities Commission Malaysia. This includes advising on the acquisition structure, regulatory requirements imposed on a digital asset exchange and preparing/reviewing the relevant transactional documents to be entered into. This will be one of the first M&A deals in the cryptocurrency space in Malaysia.

Professional Associations and Memberships

  • Malaysian Bar
  • Kuala Lumpur Bar
  • Persatuan Siswazah Wanita Malaysia


  • Malaysia (2003)


  • Oxford University (Bachelor's Degree Civil Law)
  • University of Malaya (Bachelor's Degree Law, Honors)


  • Cantonese
  • English
  • Malay