01 March 2017

Around the house

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

By Kathryn Higgins

Sumit Buranarothtrakul

In a major hire, Shearman & Sterling mining heavyweight Richard Price has announced that he is leaving private practice to take up the top legal job at mining monolith Anglo American. Mr Price will replace incumbent legal boss Ben Keisler as Anglo American’s group general counsel from May. Mr Keisler is retiring after more than 32 years with the company. A Shearman lawyer for almost two decades, Mr Price has acted for Anglo American on several occasions throughout his career, including various grade bond offerings and the sale of the company’s $1.2bn stake in Gold Fields. He has hitherto served as a senior partner in Shearman’s capital markets group as well as co-head of the firm’s mining and metals practice. 

American International Group (AIG) has hired Rose Marie Glazer as its new vice president, deputy general counsel and corporate secretary. Ms Glazer joins the insurance company from German electronics giant Siemens, where she has held the role of general counsel for the Americas division since 2012. AIG executive vice president and general counsel Peter Solmssen commented: ‘Rose Marie is an experienced, strategic leader… Her additional responsibility overseeing the M&A legal team will optimize alignment and development opportunities for our team members.’ Ms Glazer replaced incumbent deputy GC Jeffrey Welikson, who is retiring.

Software giant ARM has hired US-based lawyer Carolyn Herzog as its new general counsel following the departure last month of Philip Davis, who had held the role since 2014. Ms Herzog joins the company from California-headquartered technology company Symantec, where she served as deputy general counsel and chief compliance officer. Ms Davis’ departure from the company came following a restructuring of the GC role at ARM following the company’s £24bn takeover by Japanese conglomerate Softbank – one of the first major post-Brexit M&A deals for a UK-headquartered company.

Chartered accountants and business advisory Hazlewoods has appointed Hilary Evans as a new Director in its legal team. Ms Evans boasts more than 20 years’ practical accounting experiences, having first trained at KPMG in 1997 and joining Hazlewoods from her most recent role at accountancy firm Tayabali Tomlin, where she had worked as an accountant and business advisor since November 2015. She said of her new appointment: ‘The legal team at Hazlewoods has a well-earned reputation as a trusted partner to so many law firms and I am really looking forward to taking this exciting next step in my career.’

Finally, Cetera Financial Group has named Brian Stern as its new general counsel. Cetera is a network of independent financial firms headquartered in Los Angeles. Mr Stern most recently served as general counsel and corporate secretary at independent broker-dealer HD Vest Financial Services. His previous roles include as senior company counsel in the wealth, brokerage and retirement division of Wells Fargo & Company and as a counsel to Commissioner Cynthia Glassman at the US Securities and Exchange Commission. Cetera chief executive Robert Moore commented: ‘Brian's extensive experience in providing strategy and support for independent firms on the widest possible range of regulatory and legal matters makes him an ideal addition to our organization. As legal and regulatory complexities continue to intensify, it's crucial that independent firms bring in top legal talent with a proven track record for helping to identify and manage key issues that are shaping our industry's future, and to advocate for our advisors and their clients.’

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