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Mounting departures: Another senior exit for Barclays as EMEA investment bank GC steps down

Barclays’ EMEA investment bank general counsel (GC), Erica Handling, has left the bank, which has already seen global GC of corporate and investment banking Judith Shepherd and global head of financial crime Jonathan Peddie announce their departures recently.

On top of her role as EMEA GC for the investment bank, Handling was a member of Barclays’ senior leadership group and sat on the group and investment banking legal executive committees. Her position also saw her lead the legal coverage for Barclays Non-Core, which is currently undertaking a large asset disposal programme.

In an internal memo, Shepherd said: ‘I would like to thank Erica for everything she has achieved at Barclays. She has been a valued member of my leadership team. Please join me in wishing Erica the best for the future.’

It is understood that Handling’s successor has been chosen and the appointment will be announced within the next couple of weeks. It is not known whether her replacement will be an internal or external one or where Handling will go next.

Handling, a former Ashurst lawyer, joined the bank in 2010 following ten years at the firm. She was widely acknowledged to have significantly contributed to the firm’s global finance practice and was part of the team to lead the firm’s launch into the US in February 2009

Barclays has already lined up Gibson, Dunn & Crutcher’s co-chair of financial institutions Mark Shelton to replace Shepherd.