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Kashif  Zaman

Kashif Zaman

Partner, Financial Services

Key Contact: Financial Services Regulatory

Key Contact: FinTech

Key Contact: Derivatives

Contact Information

tel: 416.862.6804



Bar Admission

Ontario, 2002

New York, 2002

  • University of Toronto, LL.B.
  • McGill University, B.Comm.

Kashif is a partner in the firm’s Financial Services practice group with robust transactional and advisory practices. In his transactional practice, Kashif regularly advises a number of the major Canadian banks, international financial institutions and retailers on financial services matters, and acts for other corporate clients on a wide range of matters including in relation to M&A transactions, corporate finance transactions (including issuance of regulatory capital instruments), co-brand arrangements and other strategic transactions.

Prior to joining Osler in 2005, he practised in the New York office of a leading international law firm.

Financial Institution M&A: Kashif has advised on many of the largest Canadian M&A transactions on behalf of largest Canadian and international banks related to the purchase and sale of financial institutions and financial asset portfolios including credit cards, auto loans, mortgage, vehicle and equipment leases.

Bank Capital: Kashif has advised a number of large Canadian banks on several capital raising offerings, including offerings for regulatory and innovative capital. Kashif has particular experience in advising clients on regulatory capital and Canadian bail-in requirements. 

Bank Regulatory: Kashif regularly advises Canada’s largest banks, smaller mono-line banks, foreign bank branches and foreign banks looking to do business in Canada on all aspects of regulatory matters affecting their business.

Fintech: Kashif has broad experience in advising fintech companies on a wide range of matters, including payment products, application of anti-money laundering requirements and other financial regulations.

Credit and Debit Cards: Kashif has leading expertise in all aspects of issuing credit cards and co-brand credit card programs, private label credit card programs and the buying and selling of credit card portfolios. Kashif has advised on most of the largest loyalty co-brand arrangements in Canada.

Derivatives: Kashif regularly advises a number of major Canadian banks, international financial institutions and retailers on financial services matters. Kashif advises both dealers and end-users on a wide range of derivative transactions and related contracts (e.g., ISDA, GMRAs) both in the context of stand‑alone hedging transactions as well as lending transactions.

Lending: Kashif regularly advises leading U.S. and domestic financial institutions with respect to commercial lending transactions.

Consumer Disclosure: Kashif leads a team of specialists providing advice on all aspects of consumer lending including cost of borrowing, consumer reporting, electronic commerce, privacy, data protection, AML and advertising disclosure.

Anti-Money Laundering Legislation: Kashif regularly advises clients (including financial institutions, mobile wallets and money services businesses) on compliance with Canadian anti-money laundering legislation.

  • Concordia International Corp.

    Osler advises the Secured Debtholder Committee of Concordia International Corp. in connection with US$3.7 billion recapitalization transaction

  • Brookfield Infrastructure’s acquisition of Enbridge’s Western Canadian Midstream Business

    The syndicate of lenders and the underwriters in connection with Brookfield Infrastructure’s $4.31 billion acquisition of Enbridge Inc.’s Western Canadian Midstream Business

  • HPS Investment Partners, LLC

    HPS Investment Partners, LLC in its financing to Madison Dearborn Partners for a management led buyout of its minority capital partner

  • Laurentian Bank

    Laurentian Bank in the sale of its agricultural loan portfolio to National Bank for $474 million

  • JP Morgan Chase & Co.

    JP Morgan Chase & Co. in its acquisition of WePay Inc.

  • The Bank of Nova Scotia

    The Bank of Nova Scotia in its launch of a new form of Additional Tier 1 Capital

  • Borrowell Inc.

    Borrowell Inc. in connection with its $12 million Series A round of financing led by Portag3 Ventures LP, Equitable Bank and White Star Capital and $45 million in new credit facilities provided by Concentra and FirstOntario Credit Union

    • Acted for a Canadian bank in its $4-billion acquisition of another regulated Canadian financial institution
    • Acted for a Canadian bank in its sale of an international subsidiary
    • Acted for a Canadian bank in its $3-billion acquisition of a credit card portfolio
    • Acted for a Canadian bank in its co-brand credit card arrangement with a major Canadian affinity partner
    • Acted for a major Canadian retailer in its co-brand credit and debit arrangements with a Canadian bank
    • Acted for a major U.S. retailer in its entry to Canada and in its credit and debit arrangements with Canadian banks
    • Acted for a major Canadian retailer in its private label credit card arrangement
    • Acted for a Canadian bank in its network agreement with a major credit card network
    • Acted for an international bank in its sale of credit card portfolios 
  • Find More


  • Chambers Canada: Canada’s Leading Lawyers for Business, 2016-2019: Banking & Finance: Financial Services Regulation


  • The Canadian Legal Lexpert Directory, 2019: Financial Institution Regulation - Ontario


  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2019: Highly regarded, Financial Services Regulatory
  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2017-2018: Rising Star, Financial Services Regulatory

Who’s Who Legal

  • Who’s Who Legal: International - Banking - Fintech 2019
  • Who’s Who Legal: Canada - Banking 2018
  • Who’s Who Legal: Thought Leaders Global Elite - Banking 2018 – North America in the area of Fintech
    • sources recognize Kashif as a “key figure in the market who boasts ‘a wealth of experience handling banking issues relating to fintechs.’”


  • Lexology's Client Choice Awards, 2017: Banking in Canada

  • Canadian Bar Association
  • Law Society of Ontario

  • The Speech from the Throne and the Comprehensive Economic and Trade Agreement, Financial Services Blog, October 23, 2013 (with Kevin Whittam).
  • Government Announces New Complaints Regulations for Bank Customers, Oversight by Federal Consumer Agency of Canada, Financial Services Law Blog, April 12, 2013.
  • The Canadian Federal Budget and Financial Institutions, Financial Services Law Blog, April 8, 2013.
  • Canada’s Largest Six Banks Designated as Systemically Important by OSFI, Financial Services Law Blog, March 27, 2013.
  • OSFI Publishes Advisory Regarding Ownership Interests in Commodities Taken by Federally Regulated Financial Institutions, Financial Services Law Blog, January 11, 2013 (with Stephen D.A. Clark and Victoria Graham).
  • Corporate Governance Issues for Smaller Financial Institutions, Financial Services Law Blog, June 21st 2012.
  • Basel III and other developments affecting Canadian financial instruments, Osler Guides, Capital Markets Review, January, 2012, (with Stephen D.A. Clark).
  • Canadian Government Proposes Comprehensive Amendments to Anti-Money Laundering Legislation, Osler Update, January 10, 2012, (with Stephen D.A. Clark).