02 February 2017

Around the house

A weekly round-up of moves from around the globe.

By Kathryn Higgins

Goran Bogicevic

First up, former Michael Kors general counsel Lee Sporn has resurfaced at New York law firm Olshan Frome Wolosky. Mr Sporn has joined the firm as an Of Counsel in its intellectual property practice, bringing with him years’ experience working within the fashion and retail law industry, including as GC for leading luxury brands. His thirteen-year tenure as general counsel of Michael Kors grew the brand into a worldwide fashion heavyweight and saw a successful IPO for the company in 2011. Also on Mr Sporn’s list of former in-house posts are Kasper A.S.L and Polo Ralph Lauren.

Meanwhile, the Depository Trust & Clearing Corporation has promoted former deputy general counsel Ann Shuman to the helm of its legal department as its new GC. Effective from 1 February, Ms Shuman has stepped up to replace former GC Larry Thompson, who has stepped down from the role to serve full-time in his role as vice-chairman of the DTCC, a role he has held since 2015. Ms Shuman has been with the DTCC since 2014, when she joined after a stint as deputy general counsel at CME Group. Prior to moving in house, he was an attorney at law firm Sidley Austin.

Barclays has announced the hire of Frederick Reynolds as its new global head of financial crime. New York-based Mr Reynolds joins Barclays from Bank of America, where he was most recently serving as managing director. In his new role, he will report directly to Barclays group centre legal general counsel Simon Croxford. Mr Reynolds joined BoA from a role in the US Government, spending two years as the bank’s director of global financial crimes compliance before being elevated to the role of managing director.

The US Commodity Futures Trading Commission has confirmed that current general counsel Jonathan Marcus will be stepping down from his position. Mr Marcus joined the regulator in 2011 as deputy general counsel for litigation, and was eventually promoted to the role of GC in 2013. Prior to joining the CFTC, Mr Marcus was an Of Counsel at law firm Covington & Burling, based in the firm’s appellate and supreme court litigation practice. He will be replaced in his role as GC for an interim period by Robert Schwartz, who is currently deputy GC.

Finally, private equity house TPG Capital has announced the hire of former General Electric (GE) litigation and government investigations head Bradford Berenson as its new general counsel. Mr Berenson joins the San Francisco-based company after four years at GE, having previously been a partner in Sidley Austin for nearly ten years and, between 2001 to 2003, serving as associate counsel to former US President George W Bush. He will be replacing former TPG general counsel, who left the company almost two years ago to join the partnership at Davis Polk & Wardwell. 

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