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Lloyds Banking Group’s (LBG) head of legal for channels and intermediaries within the retail & wealth division is leaving for Barclays.
Sian McIntyre has been in senior legal roles within the retail and wealth department since 2008, initially working as head of legal for corporate and commercial. She will join Barclays as head of legal for retail lending.
The bank has been talking to panel firms about outsourcing its retail & wealth and asset finance litigation teams since last summer (29 July 2013), with Irwin Mitchell understood to be a leading contender. External advisers, thought to include Eversheds, DWF and Irwin Mitchell, were understood to have been given just two weeks to respond to the tender.
However the process, internally known as Project Canberra, was put on hold after The Lawyer broke the news in July. The bank has since released an internal memo confirming that the project was going ahead (11 November 2013).
”As part of the decision making process we are soon to issue a request for proposals (RFP) externally, and given there was press speculation the last time we involved third parties, we wanted to ensure you heard about it straight from us,” the memo read.
Under a section titled ’high-volume litigation work’ the email also announced: "We also thought this would be a good opportunity to update you on our review of the retail & wealth and asset finance high-volume litigation work. The project is looking at various options for the best way to manage this part of our business.
The former disputes chief of UBS Wealth, Philippa Simmons, started her role within LBG’s retail and wealth team days after the memo was released (11 September 2013).
Meanwhile sources say Barclays is on a hiring spree following the hire of former general counsel of Pittsburgh-headquartered PNC Financial Services Group, Bob Hoyt, as general counsel last August (30 August 2013).