Barclays deputy GC to leave bank in latest senior departure
Michael Shaw to exit bank in September on heels of a raft of other senior lawyers
June 11, 2015 at 06:55 AM
2 minute read
Barclays deputy group general counsel Michael Shaw is set to leave the bank after six years in the role.
He will depart at the end of September after working with GC Bob Hoyt on a handover.
The bank will kick off a search process immediately, with both internal and external candidates to be considered.
It is understood that Shaw, who joined Barclays from legacy Herbert Smith's corporate practice in 2009, does not yet have a new position lined up.
Shaw's departure is the latest in a string of exits from the bank's in-house team this year. In January it was announced that GC for corporate and investment banking Judith Shepherd was stepping down from her post.
Since then, there have been at least another four senior in-house departures, including managing director of litigation and investigations Jonathan Peddie, head of litigation Dave Hart, head of corporate banking legal Joanna Carver and investment bank EMEA general counsel Erica Handling.
The exits come alongside a wider restructuring at the bank, which is aiming to cut 19,000 jobs by 2016.
However, Barclays topped a recent ranking of companies hiring the most in-house legal staff during the first quarter of 2015. The bank advertised 22 vacancies compared to five in Q1 2014, when it came 8th in the ranking.
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