MasterCard appoints Murphy as GC as Hanft steps down

UBS and HSBC see key in-house moves

The start of 2014 has seen almost as much in the way of global lateral movement and internal promotions in-house as out. Last month, MasterCard named Tim Murphy as its general counsel (GC) and chief franchise officer; Gibson, Dunn & Crutcher appointed UBS’s former global head of investigations and Americas GC Mark Shelton as a partner in New York; and HSBC confirmed that Cleary Gottlieb Steen & Hamilton partner Shawn Chen has joined the bank to oversee its regulatory and enforcement department.

Murphy is to take his seat on the corporation’s executive committee as MasterCard’s GC from 1 April as current incumbent Noah Hanft retires from the role.