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Clifford Chance has revamped its global partnership council, with Beijing corporate partner Tim Wang and Washington DC banking and finance partner Catherine McCarthy gaining seats on the firm’s governing body.
The duo replace Hong Kong dispute resolution partner Martin Rogers and Frankfurt corporate partner Daniela Weber-Rey. Rogers and Weber-Rey were both elected in 2010 for a three-year term (23 March 2010). In September of that year Weber-Rey stood in the firm’s senior partner election (3 September 2010), but lost out to finance partner Malcolm Sweeting (4 November 2010).
Wang is the second Chinese national to sit on the council, with former Beijing chief representitive Rupert Li, who joined legacy King & Wood as international managing partner in 2010 (7 May 2010), previously being a member. Wang has been involved in a number of cross-border M&A transactions and capital markets deals. Most recently, he acted for BAIC Motor, Beijing Automotive Group’s passenger car unit, on the investment of up to 12 per cent from Daimler AG, and advised Zhengzhou Coal Mining on its $296m IPO in Hong Kong.
Existing council members litigation partner Simon Davis and insurance partner Katherine Coates, both based in London and added to the council in 2010, have been re-elected to serve for a further two years.
Dubai banking partner Robin Abraham and Italian banking partner Giuseppe De Palma, who were elected last year (29 February 2012), will continue serving their three-year term on the council.
The partnership council now comprises council chair and senior partner Sweeting, Abraham, Coates, Davis, De Palma, McCarthy, and Wang. Its role is to monitor the performance of the firm’s management committee and its members, to ensure that the firm is managed in a way that is fair to all partners, to safeguard the reputation of the firm and to organise votes and elections required under the partnership agreement.