Standard Chartered legal chief quits to set up consultancy
Standard Chartered head of legal for Europe, the Middle East, Africa and Pakistan David Brimacombe has left the bank after a restructuring of the legal and compliance teams. Brimacombe, who was based in Dubai, is planning to set up a consultancy in the UK focusing on the legal and regulatory aspects of corporate governance. He will not be replaced at Standard Chartered.
June 18, 2009 at 04:43 AM
2 minute read
Standard Chartered head of legal for Europe, the Middle East, Africa and Pakistan David Brimacombe has left the bank after a restructuring of the legal and compliance teams.
Brimacombe, who was based in Dubai, is planning to set up a consultancy in the UK focusing on the legal and regulatory aspects of corporate governance. He will not be replaced at Standard Chartered.
Brimacombe's move follows an overhaul of the bank's legal team. Legal staff previously worked as part of a merged legal and compliance group but, from last month, the bank has been running the two functions separately.
All 250 lawyers across London, China, Dubai, New York, Hong Kong, India and Singapore are now working together under group head of legal James Ellington.
Ellington told Legal Week: "A multi-jurisdictional legal department has been created bringing all our lawyers into one function."
The restructuring will not lead to any changes to Standard Chartered's roster of external legal advisers, as the panel was reviewed last autumn.
Before moving to Dubai to take up the head of legal and compliance position, Brimacombe spent 16 years in Standard Chartered's London office, rising from head of litigation to group head of legal – a position he relinquished in 2007.
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