Ashurst structured funds head Nick Terras is set to leave the firm to join Brown Rudnick's London office.

Terras, who will become the US firm's 28th partner in the City, joined Ashurst last year from New York hedge fund specialist Schulte Roth & Zabel, when he was recruited as a consultant and handed a role to liaise between the UK firm's funds and derivates groups.

Before joining Schulte Roth in 2008, Terras was co-head of securitisation and structured finance at McDermott Will & Emery. His practice focuses on hedge funds, UCITS funds, exchange traded funds and related derivatives, and acts for both European and US clients.