Less than six months after returning to Barclays‘ HQ in Canary Wharf, Simon Croxford has been selected to replace the banking giant’s outgoing deputy general counsel (GC) Michael Shaw.
The role, which will be renamed GC of Group Centre Legal, will see Croxford become one of the most senior lawyers at Barclays, reporting directly to Bob Hoyt group GC. In this role Croxford will assume Shaw’s responsibilities for supporting Group Centre and each of the competition, financial crime, M&A, employment incentives and pensions teams and the group GC’s office will report into him.
Having started his career as a corporate finance lawyer at Magic Circle firm Linklaters, Croxford had a short stint at Swiss bank UBS before joining Barclays in 2005. On arrival, Croxford was responsible for managing the legal team across Barclays’ investment banking arm in Europe and the Middle East.
Shaw is one of a string of high-profile lawyers to depart Barclays in the last 12 months following a restructuring of its legal function. The bank has moved to create pools of lawyers working across its four core business divisions, instead of running separate legal divisions for its personal and corporate, Barclaycard, investment bank and Africa businesses.
Erica Handling, who Croxford replaced as European investment banking general counsel earlier this year, recently took up a position at BlackRock, with global head of financial crime Jonathan Peddie and global corporate and investment banking general counsel Judith Shepherd having also left the bank this year.