"It used to be the case that GCs had a corporate background, but we are now seeing a switch to regulatory. It shows how the skillset of an average London partner doesn't come close to what is required of a GC at a major financial institution..."
September 05, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Barclays appoints former US Treasury GC as UK banks increasingly seek regulatory skills
Barclays’ hire of former US Treasury general counsel Bob Hoyt to head the bank’s legal team is indicative of financial institutions’ response to a US-led global regulatory environment, according to senior City banking lawyers.
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