Longstanding GC Hughes (pictured) was replaced by Judith Shepherd, who took up the post last week having previously served as general counsel of Barclays‘ global retail and commercial banking division.
Shepherd, who joined Barclays from US law firm Gibson Dunn & Crutcher in 2006, takes over one of the most influential legal roles in investment banking with BarCap last month unveiling an 89% increase in annual profits to £2.46bn.