It’s been all change in the retail banking sector over the last week.
Payment processing company Worldpay harked back to its traditional banking roots this week to snap up former Barclays lawyer Mark Edwards. Meanwhile, over at Lloyds Banking Group Jennifer Neilsen was appointed as general counsel on the retail side following the departure of Stuart Morgan in May.
Barclays lawyer Edwards replaced the WorldPay’s former GC Mark Chambers, who left for an unknown destination having held the chief legal role since May 2008.
His deputy general counsel to the UK retail banking division at Barclays, David McCahon, has taken over his old role, which has since been expanded to general counsel for personal banking, mortgages, client and customer experience.
Lloyds are staying tight-lipped over who will replace Neilsen as commercial general counsel, a position she has occupied since 2009.
While the banks reshuffle their in-house lawyers, there’s a certain amount of reshuffling going on in private practice too. Simmons & Simmons is the latest to respond to the banking sector’s insatiable appetite for secondees by launching its own consultancy offering.
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