Deutsche BankDeutsche Bank Appoints New GC as HSBC Chief Legal Officer Leaves
The global banks have reshuffled their in-house legal management after departures.
May 07, 2020 at 06:43 AM
3 minute read
Deutsche Bank and HSBC's in-house legal teams are being refreshed, as Deutsche Bank appoints a new general counsel while HSBC seeks a permanent replacement for departing chief legal officer Stuart Levey.
Deutsche Bank has appointed from within its own ranks its new GC, after former GC Florian Drinhausen stepped down in April.
Karen Kuder, who has been at the bank for 20 years and has held a variety of positions, has been appointed the new GC and global head of the bank's legal department, the bank said in a press release. She originally joined Deutsche Bank in 1992 as a bank clerk and returned to the bank in 2000 with a law degree. She is its first female GC.
Kuder was previously a senior adviser to the bank's German corporate client business and was responsible for the bank's banking regulatory law worldwide from 2016. In 2018, she became chief governance officer with global responsibility for the bank's governance framework.
Kuder's appointment comes at a time when scandal-plagued Deutsche Bank is in the midst of a restructuring effort as it seeks to restore its reputation. The bank has had three general counsel since 2015, with Drinhausen taking over in early 2018.
Kuder will report to Stefan Simon, the bank's chief administrative officer, who joined the bank last year as part of the bank's restructuring.
"Karen Kuder knows the bank very well from many years of experience. She has proven herself in the past years in various challenges and therefore brings the full range of expertise necessary for managing the legal department of a global bank. I look forward to our cooperation," Simon said in the statement.
Meanwhile, HSBC CLO Levey has left the bank to join Facebook-founded global digital currency initiative Libra Association as its first CEO, the Geneva-based company announced in a statement. Levey will be based in Washington, D.C., according to Libra.
Levey had held the position at HSBC for just over eight years.
HSBC former global general counsel Richard Gray has been named as the bank's interim CLO and will take up the position from July 1.
In the statement, Levey added: "I am honored to join the Libra Association as it charts a bold path forward to harness the power of technology to transform the global payments landscape."
|Read More:
News Law Leaders Call On GCs To Maintain Diversity Commitments Amid Pandemic
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
© 2024 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
Apple Subsidiaries in Belgium and France Sued by DRC Over Conflict Minerals
2 minute read
DLA Piper, Heuking & Other Key Moves as German Legal Market Reshuffles Ahead of 2025
2 minute readTrending Stories
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
