Areas of Activity
Philip Marcovici is retired from the practice of law and consults with governments, financial institutions and global families in relation to tax, wealth management and other matters. Philip is on the boards of several entities within the wealth management industry, as well as of entities within family succession and philanthropic structures. A member of the adjunct faculty of the Singapore Management University, Philip is actively involved in teaching in the areas of taxation, wealth management and family governance.
Philip was the founder and CEO of LawInContext, the interactive knowledge venture of global law firm, Baker & McKenzie. Philip retired from his CEO role with the company as from the end of 2010, and from his Chairmanship of the company as from the end of 2011.
Philip was a partner of Baker & McKenzie, a firm he joined in 1982, and practiced in the area of international taxation throughout his legal career. Philip was based in the Hong Kong office of Baker & McKenzie for twelve years, relocating to the Zurich office of Baker & McKenzie in 1996. Philip has also practiced law in each of New York and Vancouver, British Columbia. Philip retired from Baker & McKenzie at the end of 2009.
Practice and Work Description
Philip Marcovici's legal practice involved advising multinationals, financial institutions and families on the international and domestic aspects of Canadian, Hong Kong and U.S. taxation, as well as on commercial issues relevant to cross-border transactions. Philip has also been active in advising clients on issues related to the use of trusts and insurance products and has and continues to work with governments and international agencies on strategy and treaty negotiations.
Philip is actively involved in education and strategy across the legal and tax spectrum. Philip has a number of non-executive board roles with financial institutions and others active in the wealth management sector and continues to consult with families, family offices, financial institutions and governments worldwide.
Publications, Presentations and Articles
The author of numerous tax oriented publications, Philip Marcovici has also been an honorary lecturer at the law school of Hong Kong University and at the Universities of Geneva, St. Gallen and Zurich. Philip has been an adviser to the Swiss Finance Institute and a lecturer on tax issues for the institute. Philip teaches for, among others, the Singapore Wealth Management Institute and the Singapore Management University and runs training and strategic change programs for a number of the worlds’ top private banks. Philip has also taught at the Chinese University of Hong Kong, the Hong Kong University of Science and Technology and for the Tsinghua Kaifeng Family Heritage Centre in Beijing. Philip is a member of the curriculum review committee for tax, trusts and wealth planning for the Singapore Wealth Management Institute, and is on the Editorial Board of Wealth Briefing.
Philip is the author of The Destructive Power of Family Wealth published by John Wiley & Sons in 2016.
Philip Marcovici was, when in practice, a member of the tax sections of each of the American Bar Association and the Canadian Bar Association. He is also a past member of the executive committee of the Hong Kong Branch of the International Fiscal Association and was an active member of the Hong Kong Tax Discussion Group. During his early years in Hong Kong, Philip served as the President of the Harvard Club of Hong Kong and of the Canadian Chamber of Commerce in Hong Kong. Philip also chaired the Canadian Chamber of Commerce’s Board of Governors.
Philip Marcovici is a member of, among others, the Society of Trust and Estate Practitioners (STEP) and was active with the Swiss-American Chamber of Commerce. Philip has chaired the tax committee of the Swiss- American Chamber of Commerce and is a past member of its board.
Philip Marcovici is the former chair of the European tax practice of Baker & McKenzie and of the steering committee of the Firm’s international wealth management practice, of which he was one of the founders. Philip was also one of the founders of the Baker & McKenzie Asia-Pacific tax practice and has been involved in a number of firm and practice group management functions.
Education & Bar Admittance
Philip Marcovici holds law degrees from each of Harvard Law School and the University of Ottawa (magna cum laude) and is admitted to practice in Hong Kong, the State of New York, the Province of British Columbia, Canada (retired), England and Wales.
Among others, Philip Marcovici received the Citywealth Magic Circle Lifetime Achievement Award in 2009 and, jointly with Fritz Kaiser, the Wealth Management Innovator award in 2011 for his work in instigating the Liechtenstein Disclosure Facility. In 2010 Philip received the Russell Baker Award from Baker & McKenzie in appreciation for his exceptional contributions to the firm’s Global Tax Practice. Philip received Lifetime Achievement Awards from the Society of Trust and Estate Practitioners in 2013 and from WealthBriefing in 2016.
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