Kate Nealon is group head of legal and compliance at emerging markets banking group Standard Chartered. For almost 10 years the US lawyer has guided the global banking group through an ever-increasing regulatory environment. This month Standard Chartered became one of the first banks to merge its legal and compliance functions around the world. Camilla Hardwick investigates
What has been your career path?I was an M&A partner in San Francisco-headquartered firm Morrison & Foerster. In 1992 I acted for Standard Chartered (SC) on an acquisition. Two thirds of the way through the deal SC offered me a position at the bank. At the time it had no real compliance or legal capacity in the US. I was based in New York until the end of 1998 when I moved to London.When I joined SC, the US market represented only 8% of its business and I never imagined that my initial role in New York would lead to this role in London.
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