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Legendary Cleary Gottlieb Steen & Hamilton partner Edward Greene has quit the firm to become general counsel of client Citigroup’s global corporate and investment banking group (GCIB).
Greene will move from London to New York and will report to Robert Druskin, president and chief executive officer of the GCIB, and to Michael Helfer, general counsel of Citigroup.
Cleary hopes Greene’s move will reinforce the firm’s relationship with one of its most important clients. A firm spokesperson was keen to emphasise the fact that Greene’s departure would not adversely affect the firm’s capital markets practice. Coincidentally, partner Sebastian Sperber is moving back to London from Hong Kong to bolster the practice.
Greene, who is 63, joined Cleary Gottlieb in 1982 and will retire from the firm in May to take up his new post. Prior to joining Cleary, he was general counsel of the Securities and Exchange Commission (SEC) from 1981-82, and director of the Division of Corporation Finance from 1979-81. Prior to joining the SEC, he was engaged in private practice in New York.
Greene specialised in matters relating to US regulation of capital markets and financial institutions. He advised on M&A, securitisation of assets, distributions of securities in domestic and international financings and enforcement proceedings before the SEC. He has also worked in Cleary’s offices in Tokyo and Washington DC.