Starting from scratch: ex-HSBC deputy GC Richard Given on his new challenge at banking startup 10x
HSBC's former deputy GC on modern legal services providers, the limitations of the traditional partnership model and why law firm leaders need to shake off short-term thinking
September 13, 2017 at 06:16 AM
6 minute read
"Law firms will thrive or sink depending on the extent to which they can articulate and own their specialist area," says Richard Given, general counsel and company secretary at 10x Banking, the fintech startup launched last year by ex-Barclays CEO Antony Jenkins.
As the sole lawyer at 10x, Given has been handed free rein to select a line-up of legal services providers for the fledgling company, and he is certainly not lacking in insight into the available options, given his previous role as deputy GC and global head of legal for worldwide operations at HSBC, as well as more than a decade in-house at Cisco Systems and Aegis Group.
Making the the move from one of the world's largest banks to a company with just over 150 full-time employees is certainly an interesting move, and 10x is an interesting company. It is aiming to create a banking platform "built on open banking principles, infinitely configurable and constantly evolving to deliver better, more personal, experiences for everyone", according to its website. The mix of technology and banking means the new role neatly combines Given's previous experience at HSBC and tech company Cisco.
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