Clifford Chance (CC) is set to relocate global restructuring chief Mark Hyde to Hong Kong to lead the firm's Asia Pacific finance practice.

Hyde (pictured), who has headed the firm's global restructuring and insolvency practice since 1998, will move to Hong Kong in 2013 for a four-year term.

He will replace Hong Kong banking and finance partner Huw Jenkins in the regional leadership role, with Jenkins, who has headed the Asian finance group since 2001, to focus on client facing work as part of CC's energy and infrastructure team.

Hyde joined CC in 1984 and became a partner in 1993. During his time with the firm, which has included two stints in Asia, he has worked on landmark restructurings and insolvencies including National Bank of Brunei, Peregrine, Monier, Dubai World and Nakheel.

In addition to heading the broader finance practice in Asia Pacific Hyde will also take responsibility for the restructuring and insolvency group in the region.

David Steinberg and Philip Hertz will succeed Hyde as co-leaders of CC's London restructuring and insolvency practice.

Asia Pacific managing partner Peter Charlton commented: "We are delighted to welcome Mark back to the region and I'm certain that with his breadth of experience he will continue to build on Huw's successes."

Hyde said: "I am greatly looking forward to returning to work in Asia Pacific alongside the finance partners in the region to further develop our market leading capabilities there. At the same time my role will entail a focus on driving our award-winning restructuring work in the region."

Hyde's recent roles on key mandates include leading the team advising hotel chain Travelodge on both its £635m debt restructuring proposal and a company voluntary agreement (CVA) that will see £709m of debt written off while lenders provide £75m of new equity.

As well as drafting the proposal, CC advised auditor KPMG as nominees in respect of the CVA, with Hyde leading on a scheme of arrangement to help put the company's financial restructuring in place.

Click here for a Dealmaker interview with Mark Hyde.