Clifford Chance has appointed Mark Hyde as global head of its insolvency group – the latest global head to be announced by the newly merged firm.
Hyde returns to the London insolvency and corporate recovery group from Hong Kong, where for the last two years he has been leading the team advising the Peregrine liquidators.
The merger with Rogers & Wells and Punder Volhard Weber & Axster has added two partners in New York and three in Germany to the firm’s four specialist insolvency partners.
Hyde says: “It’s not like being global head of banking where you’ve got 200 partners under your belt.
“But for the first time as a formal UK firm, we have a New York bankruptcy capability, which is something I do not think any of our competitors have. The same applies to Germany.
“We have had to use other US law firms for anything with an American angle, including Shearman & Sterling.
He adds that having that capability is an advantage.
“It is one firm, with all the benefits that flow from that.
“In continental Europe we will have real experts on the ground. Frankfurt was very transactional oriented, but with the Punders people on board we will now figure in the European restructurings and insolvencies that are likely to follow.”
Hyde will concentrate on co-ordinating business initiatives and overseeing the growth of the practice.
“New York is important and Hong Kong is a key jurisdiction,” he says.