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White & Case London-based partner Mark Glengarry is set to join Morgan Stanley as a managing director in its investment banking division.
Glengarry joined White & Case in 2003 and was promoted to partner in 2009. He focuses his practice on financial restructuring and insolvency and was one of the lawyers who advised on Greece’s £110bn bailout. Alongside Allen & Overy, the White & Case team of Glengarry and partners Ian Clark, Michael Doran and Gavin McLean advised the steering committee of the private creditor investor committee for Greece on the bailout agreement (22 February 2012).
Commenting on his new appointment, Glengarry said: “Joining Morgan Stanley in a business role is very exciting. I look forward to continuing to work with my friends and colleagues at White & Case. I want to thank the firm for the fantastic opportunities and support that they gave me over the last nine years.”
He will leave White & Case at the end of next week but it is unknown when exactly he is due to start his new role at Morgan Stanley.
Rob Mathews, regional head of the firm’s Western Europe, Middle East and Africa banking and capital markets group, said: “We’ll miss Mark but fully understand and support his decision to take a senior position with one of our leading clients. We look forward to continuing to work with him in the future and thank him for his many contributions to the firm.”
Glengarry’s departure leaves the financial restructuring and insolvency team with 14 lawyers, including three partners. His exit follows the departure of funds partner Matthew Judd to Ropes & Gray last month, along with associates Joshua Cronin and Anand Damodaran (13 February 2012).
Earlier this week the firm’s global securitisation head Richard Reilly jumped ship to DLA Piper in the US (12 March 2012).
Mathews told The Lawyer that the firm had no immediate plans to replace Glengarry. “The firm has a well established financial restructuring and insolvency team with strong leadership at the partner and senior associate level, so we’re not looking to replace Mark immediately, but may add to the team in due course,” he said.