Lovells is expected to confirm capital markets veteran David Hudd as the head of the firm’s finance practice.
Hudd, currently the leader of Lovells’ capital markets and securitisation group, was identified by the firm’s partnership council as the candidate with the most support during the consultation process. The appointment will be confirmed on 1 February once the return date for votes closes.
The role of finance head became vacant last November after current finance head David Harris was elected to succeed Lesley MacDonagh as Lovells’ new managing partner.
Hudd, who has a close working relationship with Harris, joined Lovells around 10 years ago. His practice focuses on structured finance and securitisation work and counts BNP Paribas and Nomura as key clients.
According to well-placed sources, Hudd will need to address the future direction of the finance practice when he takes up his new role. It is currently being scrutinised as part of the firm’s longer term strategic plan following its recent redundancy programme.
Lovells declined to comment.