Norton Rose dispute resolution partner Philip Reed has left the top 10 City firm to become new general counsel at Threadneedle Investments, the fourth-largest retail investment funds manager in the UK.

Reed will join Threadneedle’s senior management team on 29 January in the newly-combined role of legal counsel and company secretary. His remit includes overseeing a total of 32 staff in the legal and compliance teams. Reed will report to managing director Crispin Henderson.