SocGen legal head boosts his team

The head of legal and compliance at SocGen Asset Management, Nicola Horlick's new fund management company, is beefing up his legal team.

Robert Guest, a former senior legal officer with investment regulator Fimbra has hired two others to his team, Sheila Redston, who has moved over from Gartmore, another fund management company; and Sara Yaffe, a paralegal who joins from Mishcon de Reya.

Horlick set up SocGen Asset Management after resigning from Morgan Grenfell Asset Management last year. Guest started with SocGen full time last October.

Guest, who moved to SocGen from financial services outfit Johnson Fry, said: 'I believe in combining the two roles of legal and compliance. The way that the regulators operate has become far more legalistic in approach.'

The new SocGen group includes four new businesses, three of which are registered under regulator Imro and one under the PIA. One of the companies is international and will be regulated in several other countries as well as the UK.

Guest's time at Fimbra was marked by controversy when the draft of a confidential report he had written on the West Bromwich Building Society (WBBS) was made public in 1995 by Labour MP Mike O'Brien. The report is likely to be mentioned in the trial involving WBBS and the Investors Compensation Scheme (see above) due to start 9 February.