Japanese investment bank Nomura has lost the head of its transactional legal department following a shake-up instituted by head of legal Terence Kyle.
Tom O’Riordan, who returned for a second spell at Nomura from Cadwalader Wickersham & Taft in January 2003 (The Lawyer, 6 January), has rejoined the US firm’s structured and capital markets practice as special counsel.
Kyle, who was formerly Americas managing partner at Linklaters, joined in January as the bank’s third head of legal in just over three years.
Kyle said O’Riordan decided to leave Nomura because he wished to pursue his legal career in private practice. He added that O’Riordan, who reported to Kyle, will not be replaced. “I conducted a review of the structure of the legal department and concluded that it was not necessary to have someone holding that position,” he said.
Meanwhile, Kyle’s predecessor has resurfaced at Dubai-based private education company the Varkey Group. As first revealed on www.thelawyer.com (8 June), David Mee, who left Nomura in early 2003, will join his new company as group general counsel in July.
O’Riordan did not return calls for comment.