Deutsche Bank hands Bankers Trust legal chief top UK post

Bankers Trust head of legal Simon Dodds is to become the UK head of legal when Deutsche Bank and Bankers Trust merge.

The appointment follows the departure of Peter Brooks, the former global general counsel at Deutsche Bank.

Dodds will be responsible for all UK legal matters in the proposed super bank.

His appointment is part of a restructuring of Deutsche Bank's global legal department.

The Lawyer understands that Brooks' former responsibilities as global general counsel will now be divided into regions, with Dodds in the UK, the US operations run from New York, and in Asia from Hong Kong or Singapore.

Each region will report to Frankfurt, which will be the base for Continental European legal operations.

Brooks' plans remain a mystery. He joined Deutsche Bank from Clifford Chance on a reported salary of £1m. He was known at Clifford Chance as the Prince of Darkness.

A source reveals that Brooks had been unhappy at Deutsche for “a very long time”, adding: “He was going to leave before the merger was announced”.

Commenting on Dodds' appointment, the source says: “It is going to be interesting to watch, because there are a lot of people at Bankers Trust who are very unhappy about the merger – or rather Deutsche's takeover of it.”

Dodds was unavailable for comment when The Lawyer went to press