Reed Smith’s global managing partner Greg Jordan is leaving the firm for PNC Financial Services Group, leaving global litigation chief Alexander Thomas to fill his shoes.
The move comes months after banking giant Barclays named PNC’s general counsel Bob Hoyt as the replacement for outgoing legal head Mark Harding (30 August 2013). Hoyt joined PNC in 2009 and will take up the role at Barclays later this month.
Jordan’s official title at PNC will be general counsel and head of regulatory and government affairs. He will join the executive committee and report directly to CEO William Demchak.
It is not yet known if he is replacing PNC’s interim general counsel Kieran Fallon or working alongside him.
Jordan was formally re-elected as global managing partner at Reed Smith last October, for what would have been his fifth three-year stint as leader had he completed the term (16 October 2012). At the time he said it was too early to say whether this would be his final term as Reed Smith’s managing partner, but added that at 53 years old he believed he had the drive and energy to meet its demands successfully.
Jordan was first elected as the firm’s global managing partner in 2000. During his 12-year tenure, Reed Smith has completed a series of mergers in Europe, California, New York, Chicago, the Middle East and Asia, becoming a firm with more than 1,700 lawyers in 23 offices.
A spokesperson for Reed Smith said Thomas, who joined the firm in 1999 and has been chair of its litigation department for the last two years, stood unopposed for the managing partner role.