Snapshot of notable global financial
services Legal moves, appointments,
themes and trends
“There are
certainly more
opportunities for
senior lawyers
than there have
been for a
number of
years.”
January 2016 - April 2016
Leathwaite: London | Zürich | Hong Kong | New York
Twitter @L3athwaite www.leathwaite.com
The senior end of the legal market
has been busy since the
beginning of the 2016. We have
seen changes at the top at a
number of banks and also a
broad range of financial services
businesses
Some legal departments are
currently restructuring with
redundancies likely at several of
the leading universal banks. One
example of this will see up to 25
per cent of staff being cut from
legal, compliance and risk in Q2
There have been asset
management firms hiring new
regional heads of legal, but we
have also seen some of those
positions being cut at other asset
managers. This has often been
where a business has decided to
remove a layer of management
and more junior staff find
themselves reporting directly to
a global head based in a
different jurisdiction
Despite the restructuring outlined
above the general sentiment in
the legal market is good. There
are certainly more opportunities
for senior lawyers than there have
been for a number of years
Summary of key themes and trends Jan - Apr 2016
Legal Themes
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Next update due: 19/9/2016
Global Banking Groups
Michael Shaw joins RBS as General Counsel.
Shaw joins RBS from Barclays where he held the
role of Deputy Group General Counsel and
replaces John Collins who resigned from the
bank in December to join Santander UK. Shaw is
responsible for the bank’s legal team which
handles matters including litigation, competition,
capital markets, corporate strategy and
employment law.
Victoria Hardy steps into the role of General
Counsel for the UK, Europe and Middle East
region at Barclays. Hardy has been internally
promoted to replace Simon Croxford’s previous
role as Croxford replaces Barclay’s outgoing
Deputy GC Michael Shaw. Hardy joins the
investment banking Global Legal Management
Committee and reports into Global GC and GC
for the Americas Mark Shelton.
Maria Leistner is the new General Counsel for
UBS’s Wealth Management division and joins the
bank from Credit Suisse where she held the role
of Managing Director and General Counsel for
international wealth management. Leistner
replaces the former Wealth Management
General Counsel Andrew Williams who has left
UBS. Maria will now be based in Zurich reporting
to the General Counsel Markus Diethelm and
President Wealth Management Jürg Zeltner.
Michael Ruffieux is appointed General Counsel
International Wealth Management at Credit
Suisse. Prior to this he held the role of COO for
the General Counsel Division and Head of
Corporate Legal Group.
Julian Gooding, former Asia Regional General
Counsel at Credit Suisse, relocates to Switzerland
to take over the role of General Counsel COO
reporting to Romeo Cerutti, General Counsel.
Jonathan Santelli joins Raymond James as
General Counsel. He moves from First
Republic Bank in California, replacing Paul
Matecki, who announced his retirement in
September 2015.
Retail Financial Services
Mark Chapman steps into the role of General
Counsel for Barclays UK. Chapman was formerly
Global General Counsel for Personal and
Leathwaite: London | Zürich | Hong Kong | New York
Twitter @L3athwaite www.leathwaite.com
Key global people moves and appointments:
Legal Moves
Page 2/4
Next update due: 19/9/2016
Leathwaite: London | Zürich | Hong Kong | New York
Twitter @L3athwaite www.leathwaite.com
Corporate Banking, Barclaycard and
Operational Technology.
Nathan Butler moves to Lloyds Banking Group
as General Counsel for Group Legal. Butler
replaces Hugh Pugsley who previously held the
role and joins from National Australia Bank
where he was previously General Counsel,
Governance, Corporate & Enterprise Services.
Lloyds has had an Interim Group Legal General
Counsel in place and Butler was appointed at
the start of this year.
Victor Dorado moves into the role of Legal
Director at Santander. Dorado joins from
Andbank, where he held the role of Global
Chief Legal Officer and will be based at the
firm’s headquarters in Madrid.
Julia Cattanach joins Experian as UK General
Counsel. On joining Julia will report into Darryl
Gibson, Group GC and joins from Tesco Bank
where she held the role of Compliance,
Conduct and Regulatory Director.
Buy Side and Asset
Management firms
Eva Sanchez, General Counsel and Head of
Compliance at Citadel, Europe, retires from the
firm. Eva’s successor as General Counsel and
Head of Compliance will be appointed in due
course.
Joseph Kagan steps into the role of Head of
Legal for Hermes Investment Management.
Joseph was promoted post the departure of
Michelle Green, former Chief Legal and Risk
Officer. Michelle joined Neuberger Berman in
October of last year as General Counsel for
EMEA and Latin America.
Abi Thomas departs from Columbia
Threadneedle. She most recently held the role of
Head of Legal for EMEA and APAC regions.
Andrew Fowler moves into the role of Director of
Legal & Compliance at Digital Moneybox. Andy
joins from AllianceBernstein where he most
recently held the role of European Counsel &
Chief Compliance Officer.
Exchanges and Brokerages
Edward Stadum, former US General Counsel for
Fidor Bank, joins bitcoin exchange Kraken as the
company’s first General Counsel.
Legal Moves
Page 3/4
Next update due: 19/9/2016
Leathwaite: London | Zürich | Hong Kong | New York
Twitter @L3athwaite www.leathwaite.com
Corporates
Penny Dudley moves into the role of Director of
Legal & Corporate Affairs at Bupa. Penny
succeeds Paul Newton the former Chief Legal
Officer who retires - she has been promoted into
the role. Prior to joining Bupa in 2010 Penny held
senior legal roles with Macquarie and Investec.
Tiana Peck joins Portfolio Recovery Associates
(PRA Group) as European General Counsel.
Tiana has twenty years of legal experience and
will be joining PRA Group from AIB Group where
she most recently held the role of Head of Legal
Services. On joining Tiana will report into Chris
Lagow, Group General Counsel based in
Norfolk, Virginia.
Maaike de Bie steps into the role of Group
General Counsel at Royal Mail. Maaike
steps into the role post seven months as
Interim Group General Cousnel. Prior to this
Maaike was Deputy General Counsel for the
firm and joined from EY where she held the
role of Global Corporate Counsel.
Horacio Gutierrez joins Spotify as General
Counsel following Jared Grusd’s departure to
AOL. Gutierrez was previously General Counsel
for Microsoft.
Rob Chesnut joins Airbnb as General Counsel.
Chestnut, a former eBay executive joins from
Chegg.com where he was General Counsel.
Nancy Axilrod joins Coach as General Counsel
after Todd Kahn was promoted to President,
CAO and Secretary for the firm.
Alexander Vellandi joins Money360, the
commercial real estate online marketplace
lending platform, as General Counsel from Sabal
Financial Group.
How can
Leathwaite assist?
With a global network of offices that are
constantly communicating with the Legal
market, Leathwaite is perfectly positioned to
advise clients on the future demand cycle
for talent.
London: +44 207 151 5151
Zürich: +41 44 214 6640
Hong Kong: +852 3152 2463
New York: +1 646 461 9100
For a discussion on how the talent landscape
is changing within this sector, please call your
regional Leathwaite office.
www.leathwaite.com
Legal Moves
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Next update due: 19/9/2016
