Citigroup is relocating senior in-house lawyer Bradley Gans from New York as a successor to Laurie Adams as general counsel.
Gans, who currently heads the US legal team supporting corporate and investment banking, will arrive in London at the beginning of December. Adams left the bank at the beginning of November after 11 years to join Dutch bank ABN Amro Bank NV as head of legal for its wholesale banking unit (The Lawyer, 18 September).
Gans will take over as general counsel for the global corporate and investment banking group in Western Europe. An internal memo says he is charged with creating a senior management strategy team. The team will include capital markets senior counsel Royce Miller and Peter Maskrey, derivatives senior counsel Ian Jameson and Spanish general counsel Sergio de Horna.
The five will be charged over the next few weeks with developing a plan for 2001, reviewing the management structure and identifying hiring priorities and other business needs.
Gans joined Salomon Smith Barney in 1993 from New York firm Sullivan & Cromwell, where he had worked for eight years. Salomon Smith Barney and Citibank joined forces in 1998 to become Citigroup. It then bought Schroders’ investment arm at the start of this year for £1.35bn.
Citigroup declined to comment on the reasons for the review, but the internal memo notes: “Over the past year business in Europe has generally been through a period of rapid expansion.”