Norton Rose is close to finalising its management team as it appoints Tim Marsden as global head of corporate finance and Jeff Barratt as global head of banking. Marsden is head of the firm's collective investments group and specialises in financial services operations and collective investment schemes, while Barratt is global head of Norton Rose's projects group. It has also been agreed that the new role of chief operating officer will be taken on by finance director Kevin Mortell. The new appointments are part of an overhaul in the management structure, which sees the management of the firm taken on by a businessman and the implementation of global heads of practice areas for the first time. The appointments have been made by Peter Martyr who beat off competition from fellow partners Peter Rees and Barratt to become the new chief executive officer. Martyr says that the theory behind the changes is to achieve common standards in growth, strategy and quality control. "All offices need to deliver the same product and now we have one person responsible for the whole development. Instead of an international managing partner and London managing partner being responsible for everything that occurs onshore, some aspects are now dealt with on a global basis," he said. The news follows hot on the heels of last week's announcement that litigation partner Deirdre Walker has been elected as London managing partner. David Lewis will take on the role of chairman, Paul Giles will be managing partner of Asia and Matthias Kappus will continue in his role as managing partner in Germany. Martyr takes over his new role on 1 July. There are still two more management members to be elected.