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Introduction

  • The legal market has been busy over the last four months. There have been changes at the top in several banks that have opened up opportunities in a function that has seen a lack of movement since the financial crisis.
  • Alongside this, large banking groups have been diversifying their revenue which has meant General Counsel positions have opened up in businesses such as asset management and private wealth.
  • Contentious regulatory issues remain a focus for the banks and some firms have appointed a Global Head of Investigations who is a peer of the Global Head of Litigation. At a regional level, the lead individual generally remains double hatted with coverage in both investigations and litigation. Buy-side and newly regulated businesses are increasingly focused on securing a General Counsel or Head of Legal who also has experience of leading a compliance function as well as the legal team.

Key Moves

  • John Collins the General Counsel for RBS leaves the bank to join Santander UK as Director of Legal, Compliance, Regulatory Affairs and AML. He has only been in his role at RBS for 11 months but was close to Nathan Bostock, the former CFO at RBS, who is now CEO at Santander.
  • Rushad Abadan, off the back of the above change leaves RBS to join Standard Life as its new legal chief.
  • Victoria Hardy has been appointed General Counsel for UK and EME covering Barclays’ investment banking business. She will report to Mark Shelton, the global General Counsel for the investment bank.
  • Khasruz Zaman formerly the head of M&A legal at Barclays moves on after 10 years to join Simmons & Simmons as a Partner.
  • Michelle Green joins Neuberger Berman as General Counsel for EMEA and Lat Am. She joins from Hermes Investment Management where she was Chief Legal and Risk Officer and spent 17 years of her career.
  • David Brimacombe Standard Chartered’s former Group Head of Legal has joined Baker & McKenzie as a consultant.
  • Joe Longo relocates from Hong Kong where he was APAC General Counsel for Deutsche Bank to take on the EMEA General Counsel role at the same bank.
  • Duncan Wales has been appointed Deputy General Counsel at Standard Chartered reporting to David Fein the Group General Counsel. Duncan was previously General Counsel for ICAP plc.
  • Kenneth Ng has retired from his position as APAC General Counsel at HSBC. He is being replaced by Susan Sayers who was formerly MENA General Counsel for the bank.
  • Simon Dodds and Christof von Dryander have transitioned to the roles of Co General Counsel for Deutsche Bank, after Dick Walker stepped down as General Counsel. Both Simon and Christof previously held the roles of Deputy General Counsel for the bank.
  • Rupert Rossander has been appointed Head of Legal, EMEA for Invesco Perpetual. Rupert was previously General Counsel for Europe at Fidelity International.
  • David Leitch has been appointed Global General Counsel at Bank of America Merrill Lynch. Gary Lynchthe former General Counsel was appointed Vice Chairman of the Bank in July 2015. David joins from Ford where he had been General Counsel since 2005.
  • Timothy Harris, former US General Counsel atlife insurance giant Prudential Financial, has been promoted to the global top job following the retirement of General Counsel Susan Blount.
  • Malcolm Wood left as Standard Life’s General Counsel to join Lloyds Banking Group.
  • Wilson Thorburn has joined Lloyds Bank. The former JPMorgan Europe, Middle East and Africa litigation head and ex-Ashurst Partner is the new acting head of litigation. Thorburn originally took the role on an interim basis and the hire sees Thorburn step into the role vacated by Philippa Simmons who has not yet resurfaced in another position.
  • Corinna Mitchell has joined Pemberton Asset Management as General Counsel. Mitchell was a former Partner at Dechert.
  • Curtis Lu has joined FTI Consulting as General Counsel. Lu joins from LightSquared.