Another Barclays in-house lawyer exits as Simmons hires bank's M&A chief
Bank chalks up seventh senior lawyer exit this year exit as Ashurst rehires US securities partner from Jones Day
August 11, 2015 at 10:09 AM
2 minute read
Barclays' head of M&A legal Khasruz Zaman is set to become the latest in a string lawyers to leave Barclays in-house legal team this year as he moves to Simmons & Simmons.
Zaman, who has worked for Barclays for over nine years, will begin his new role in September.
He previously worked as a solicitor for over seven years at Slaughter and May until 2003 before joining legacy Lovells for two years.
Mark Curtis, head of Simmons' international corporate and commercial group, said Zaman's hire marked "continued development and investment" in the firm's M&A offering and would strengthen its financial institutions sector expertise.
During his time at Barclays, Zaman was involved in several major acquisitions including that of Standard Life Bank in 2009 and the bank's $1.75bn acquisition of the North American investment-banking business of Lehman Brothers after it went bankrupt in 2008. He was also involved the bank's proposed merger with ABN Amro in 2007.
Zaman's departure is the latest in a string of exits from the bank's in-house team this year.
In January Barclays 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 five 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, investment bank EMEA general counsel Erica Handling and deputy group general counsel Michael Shaw.
The exits come amid a wider restructuring at the bank, which is aiming to cut 19,000 jobs by 2016.
Meanwhile Ashurst has re-hired former partner Eric Stuart from Jones Day to join its London based US securities team.
Stuart was a partner at Ashurst for eight years before moving to Jones Day in 2011 as part of trio of hires from Ashurst including fellow US securities partners Daniel Bushner and Marie Elena Angulo.
Ashurst's global head of corporate Simon Beddow said: "Eric's experience will help to boost the US securities team in the UK as well as across Europe and emerging markets in Eastern Europe and Africa."
This content has been archived.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
MoFo Replenishes Singapore Corporate Partner Loss as Lawyer Returns From Gibson Dunn
Hogan Lovells Lures 4-Lawyer Privacy and Cybersecurity Team from Jones Day in Mexico
Trending Stories
- 1'It's Not Going to Be Pretty': PayPal, Capital One Face Novel Class Actions Over 'Poaching' Commissions Owed Influencers
- 211th Circuit Rejects Trump's Emergency Request as DOJ Prepares to Release Special Counsel's Final Report
- 3Supreme Court Takes Up Challenge to ACA Task Force
- 4'Tragedy of Unspeakable Proportions:' Could Edison, DWP, Face Lawsuits Over LA Wildfires?
- 5Meta Pulls Plug on DEI Programs
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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
