Commerzbank legal heads keep jobs after takeover
Commerzbank's global and London legal heads have retained their positions following the bank's takeover of German rival Dresdner Bank, with London legal jobs at risk as a result of the deal. Guenter Hugger will retain his position as global head of legal at the combined bank once the legal team formally integrates in March, with City-based colleague John Benson appointed as head of legal for London. Benson previously co-headed Commerzbank's London legal team alongside Susan Cooksley. The appointments leave the position of Dresdner's London-based global and UK legal chief, Stephen Lowe, unclear post-integration, although he is expected to continue in his role until March. It is also unclear what position Cooksley will retain within the merged bank.
January 15, 2009 at 12:59 AM
2 minute read
Commerzbank's global and London legal heads have retained their positions following the bank's takeover of German rival Dresdner Bank, with London legal jobs at risk as a result of the deal.
Guenter Hugger will retain his position as global head of legal at the combined bank once the legal team formally integrates in March, with City-based colleague John Benson appointed as head of legal for London. Benson previously co-headed Commerzbank's London legal team alongside Susan Cooksley.
The appointments leave the position of Dresdner's London-based global and UK legal chief, Stephen Lowe, unclear post-integration, although he is expected to continue in his role until March. It is also unclear what position Cooksley will retain within the merged bank.
A number of job cuts are expected to follow the takeover, with up to 9,000 of the 67,000 positions at the combined bank likely to be made redundant. In London alone, 1,200 posts are expected to be lost in March on the conclusion of a 90-day job consultation.
More in-house news, comment and analysis
Sign up to receive In-house News Briefing, Legal Week's new digital newsletter
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Workload and Getting It All Done Top Challenges for In-house Counsel: Survey
4 minute read
Amazon Corporate Counsel in Brussels Returns to US Firm in ‘Boomerang Hire’
2 minute read
Former Miral GC Brings Commercial Insight to BCLP’s Middle East Real Estate Practice
4 minute readTrending Stories
- 1Newsmakers: Littler Elevates Dallas Attorney to Shareholder
- 2South Florida Real Estate Lawyers See More Deals Flow, But Concerns Linger
- 3General Counsel Accused of Destroying Evidence
- 42,000 Docket Entries: Complex South Florida Dispute Sets Precedent
- 5Incoming Howard University Law Professor Kiah Duggins Among DC Plane Crash Victims
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
