It’s been a torrid few years for the Royal Bank of Scotland (RBS), following its 2008 rescue by the UK Government in the wake of the financial crisis. That’s meant plenty of work for the legal team, as RBS has bought and sold assets, cut jobs and faced some hefty claims from shareholders in court.
Now the bank is seeing its second change in legal head since the crisis began. Back in 2010 Chris Campbell took over from Miller McLean as McLean retired.
Today, we can reveal that deputy GC John Collins is following in Campbell’s footsteps, with RBS once again promoting its second-in-command to the top job as the head of legal retires.
Collins has been at RBS since 2007, moving over from ABN Amro when the Dutch bank was bought by a consortium which also included Fortis and Santander. So he too has seen the bank through the difficult times.
Currently RBS is gearing up for a panel review, with its key advisers all fighting to hold on to a spot on its top-tier roster. Collins was already lined up to be leading the process, last year drafting in change theorist Richard Susskind for advice. He will now be in a perfect position to stamp his mark on RBS’s legal team moving forwards.
Also on TheLawyer.com:
- Simmons & Simmons partners will be approached to contribute ideas on the strategic direction of the firm this week, as a new three-year business plan hits the drawing board
- Nabarro and its European allies have established a single umbrella brand, Broadlaw, in an effort to unify their offering to clients
- Cooley CEO Joe Conroy talks to The Lawyer about the firm’s raid on Edwards Wildman and Morrison & Foerster and the plans for its London office
- And this week is the last chance to nominate the firms you work closely with across Europe for the inaugural European Referral Firm of the Year at The Lawyer European Awards – click here to enter