Deutsche 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
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
© 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
Singapore Litigators Shift Competitive Landscape as Another Senior Duo Sets Up Own Shop
US Judge Allows $8M Unpaid Legal Fees Lawsuit Against Sierra Leone to Proceed
2 minute read
London Trial Against BHP Alleges ‘Red Flags’ Leading up to Brazil Mining Disaster Were Ignored
Trending Stories
- 1New York-Based Skadden Team Joins White & Case Group in Mexico City for Citigroup Demerger
- 2No Two Wildfires Alike: Lawyers Take Different Legal Strategies in California
- 3Poop-Themed Dog Toy OK as Parody, but Still Tarnished Jack Daniel’s Brand, Court Says
- 4Meet the New President of NY's Association of Trial Court Jurists
- 5Lawyers' Phones Are Ringing: What Should Employers Do If ICE Raids Their Business?
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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
