Lovells restructuring partner Matthew French is to leave the firm to become restructuring chief at banking giant UBS.
French, who has been a partner at Lovells for eight years, is joining the bank as Europe, Middle East and Africa (Emea) head of restructuring, leading a team of six.
“It’s a very exciting opportunity to move from being a solicitor to being a client,” said French. “I’ll be doing financial advisory work in relation to companies that are falling into financial difficulty. I’ll have a wide refinancing remit.”
French has yet to finalise a start date with UBS and will complete a mandate advising Deloitte & Touche as the receiver on the restructuring of the £3.5bn SIV Portfolio formerly known as Cheyne Finance.
At Lovells, restructuring head Robin Spencer said French’s other work is being reallocated among the practice’s six partners, adding that there are no immediate plans to find a replacement for him. He added: “We wish Michael all the best in his new job and hope to see him again as a client.”
Prior to joining Lovells French was a partner at Wilde Sapte (now Denton Wilde Sapte), having joined the firm in 1989.