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Schroders is set to overhaul its in-house legal department following the imminent departure of its head of legal for corporate services Sandie Okoro.
As first reported by The Lawyer (19 February), Okoro is set to join Baring Asset Management in May, taking up the newly created role of global head of legal.
Schroders general counsel Howard Trust confirmed that he is restructuring the framework of the in-house legal team to integrate various groups. The restructure will effectively see two new teams being created within the legal function.
The first team sees the supporting groups to the main asset management business being brought together, with Christian Cano taking on the role of asset management general counsel.
The second grouping will see the firm’s overall corporate needs, including law firm management, management information for the legal team globally and private banking, being integrated. Nick Evans will become the corporate general counsel.
The responsibilities for law firm management within the team will be managed and coordinated by someone internally in Evans’ team. It is understood that a lateral hire will join the bank as a management information analyst for the legal team globally.
At Baring Okoro will manage the company’s small team of lawyers based in London, Boston and Hong Kong. She will report to Baring group head of legal, compliance and operational risk Mala Dhillon.