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‘He knows us well’: Anglo American appoints Shearman’s Price as new GC

Anglo American has appointed a former external adviser, Shearman & Sterling‘s co-head of mining and metals Richard Price, as its new group general counsel (GC) following the retirement of Ben Keisler.

Price will take up his new London-based role on 1 May and will sit on the mining giant’s management committee.

Capital markets partner Price joined Shearman’s London office in 2003. Before his transfer to the City, Price was based in Singapore where he headed up Shearman’s south-east Asian and Indian capital markets practice. He has also led the US firm’s EMEA capital markets group and EMEA corporate practice, and spent time at Shearman’s Toronto office.

He focuses on international equity and debt corporate finance transactions, SEC reporting, corporate governance and other corporate advisory and compliance matters. His clients have included Anglo American was a key client of his while at Shearman, as well as AngloGold Ashanti, ArcelorMittal, The Royal Bank of Scotland Group and Sasol.

Chief executive of Anglo American Mark Cutifani said: ‘We look forward to welcoming Richard Price as group general counsel, a key role that provides both strategic and commercial insight throughout our decision-making processes, while also forming part of the risk management of Anglo American as a whole. He knows us and our industry well, given the legal advisory work he has led on a number of complex issues and transactions, including in South Africa.’

Price will head up Anglo American’s global legal team following Keisler’s decision to retire earlier this year after 32 years.

Earlier this month it was revealed British investment firm Chrysaor Holdings had appointed BG’s chief counsel for corporate and former Legal Business GC Powerlist rising star Howard Landes as GC.