Barclays’ managing director of litigation and investigations Jonathan Peddie is leaving his role at the end of February after nine years.
Peddie was also global head of the recently formed financial crime legal team, which was formed following an overhaul of the bank’s legal function in June 2014.
He became managing director of Barclays’ ligitation department in May 2010, reporting to deputy general counsel Michael Shaw (30 May 2014).
Peddie has played a significant role in a number of high profile legal matters affecting Barclays in recent years including consumer litigation and regulatory and criminal investigations. As head of the financial crime legal team he advised on money laundering, terrorist financing, bribery and corruption and international sanctions.
The global financial crime group took over all financial crime work as well as bribery and corruption and money-laundering matters from the litigation group. The team also works closely with compliance and risk in response to the growing pressure on the bank from the growth in internal and white-collar investigations.
Barclays has been involved in a number of high-profile disputes in recent years. It settled a Libor-related case with Guardian Care Homes earlier this year (8 April 2014) and is bringing a claim against partners from now-defunct firm Dewey & LeBoeuf (21 January 2015).
In an internal memo seen by The Lawyer, Barclays said: “Jonathan has been a valued member of the leadership team and major contributor to many functional initiatives and activities.
“We are grateful for everything Jonathan has done for Baclays and wish him well in his future career.”
A source said that Peddie has no new role lined up.
Peddie’s departure follows news earlier this month that Barclays Capital general counsel Judith Shepherd was stepping down. Her replacement is yet to be named (9 January 2015).