Global law firm Linklaters has appointed Michael Guilday as head of its investment management practice in Asia, following the departure of Graham Turl who moved to funds management group BlackRock.

Guilday, who was a senior managing associate in LinklatersÆ investment management group in London from February 2002 to November 2004, rejoins the firm after spending three years leading fund management transactions at law firm Allens Arthur Robinson in Sydney. In his previous role in Linklaters, Guilday worked on many high-profile deals including the first collateralized debt obligation and real-estate fund to be listed on the London Stock Exchange.

Based in Hong Kong, Guilday will build LinklatersÆ investment management practice in Asia, which the firm says is an important area of growth. Guilday has experience across a full range of investment fund products, including private equity funds, hedge funds, infrastructure funds and listed permanent capital vehicles.

Hong Kong is LinklatersÆ regional headquarters in Asia, where the firm has around 350 practicing lawyers and offers a full range of services from corporate finance and mergers and acquisitions, banking, projects and capital markets through to litigation and financial markets regulation, investment funds management, employment and real estate.

Guilday is the latest addition to LinklatersÆ team in Asia.

In April, Giles White moved to Hong Kong and took over as LinklatersÆ Asia managing partner. He was previously based in London where he was the firmÆs divisional practice head of finance and projects since 2002.

Giles replaced Simon Davies, who had been LinklatersÆ Asia managing partner since 2003. Davies is set to become LinklatersÆ worldwide managing partner from January 2008 until June 2012 and will be based in London. Davies, in turn, succeeds Tony Angel who will be standing down upon the completion of his second term as firm-wide managing partner and following a transition period where he hands over his responsibilities.