The disputes chief of UBS Wealth, Philippa Simmons, has been named as Lloyds Banking Group’s (LBG) new head of legal disputes and contentious regulation.
An internal memo, seen by The Lawyer, was sent to legal staff on Tuesday, the day after customers of Lloyds TSB saw the bank split from its parent company in one of Britain’s most high-profile banking shake-ups.
Former DLA Piper lawyer Simmons, a one-time litigation head for RBS Group’s corporate markets, will become head of legal for disputes resolution and contentious regulatory for LBG’s retail and wealth arm from November.
She replaces former disputes chief Aamir Khan, who left the bank in July for a general counsel role at Clutch Group (12 July 2013). The appointment ends months of speculation over who would take over from Khan after various names were thrown into the ring.
According to sources the hiring process was complicated after The Lawyer revealed that LBG was looking to outsource its retail & wealth and asset finance litigation teams to one of its panel firms (29 July 2013).
Irwin Mitchell was understood to be leading the pack, however insiders have since told The Lawyer that the process has been put on hold. The retail & wealth and asset finance litigation teams are spread across five different offices, including Hove, Chester and Edinburgh, and total around 70 staff.
LBG could not be reached for comment at the time of writing