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Herbert Smith Freehills (HSF) has added Deutsche Bank’s compliance, government & regulatory affairs chief Andrew Procter to its financial services regulatory practice.
Procter will join the firm’s London office in June, stepping away from an in-house career that previously saw him head up the enforcement division of the UK Financial Services Authority. He joined Deutsche Bank in 2005.
His entrance will fill a gap left in the practice following the resignation of legacy Herbert Smith ’s financial services regulatory chief Martyn Hopper for Linklaters (3 September 2012 ). Hopper, whose caseload had included representing Shell’s former chairman in an 18-month inquiry into the business (19 September 2005 ), resigned a month before Herbert Smith merged with Australia’s Freehills (28 June 2012 ).
Linklaters made its second swoop from the department less than six months later, when it picked up financial regulatory partner Nikunj Kiri (29 January 2013 ).
HSF’s global dispute resolution chief Sonya Leydecker called the hire a “significant strategic development” for the firm, which looks set to increase its headcount in the area.
It is not known who is replacing Procter at Deutsche Bank.