Barclays’ managing director and general counsel for the Americas, Michael Crowl, has quit the bank to take up a similar post with Swiss institution UBS.
As of 1 July, Crowl will become general counsel for the Americas and for the bank’s wealth management unit. He will also become a member of UBS’s legal executive committee.
Crowl will be stepping into the shoes of UBS’ interim Americas legal chief Brent Taylor, who is set to return to his role as head of legal for wealth management and investment solutions.
At Barclays, Crowl headed up an Americas team of about 170 lawyers and paralegals since 2010. Prior to that he spent stints working as global general counsel to Barclays Global Investors, and as the general counsel of Goldman Sachs’ investment banking division.
Barclays’ managing director Kevin Genirs and senior counsel Marcelo Riffaud will share Crowl’s role while the bank appoints a permanent successor to Crowl.
Crowl is not the only senior figure to depart from Barclays’ in-house legal offering over the past 12 months. In February 2013, its group general counsel Mark Harding announced he was to retire from the bank alongside finance director Chris Lucas (4 February 2013).
Last November, the bank’s compliance and regulatory relations chief Hector Sants resigned from his post following a leave of absence due to stress and exhaustion (13 November 2013).
However, the bank did pick up a new head of legal for retail lending in January, in the form of former Lloyds Banking Group lawyer Sian McIntyre. McIntyre previously headed up Lloyds’ legal group for channels and intermediaries within its retail and wealth division (15 January 2014).
Last December, Barclays launched its delayed general panel review after a 12-month extension – the first time the banking giant has reviewed its list of advisers since 2011. It is thought that its new roster will be unveiled in July 2014 (18 December 2013).
Firms on the bank’s current general advisory panel include Addleshaw Goddard, Allen & Overy, Clifford Chance, DLA Piper, Freshfields Bruckhaus Deringer, Hogan Lovells, Linklaters and Simmons & Simmons.