Leading City asset manager Threadneedle Investments is looking to fill its general counsel (GC) role following the resignation of high profile former Norton Rose litigation partner Philip Reed after seven years in the job. The move comes as Geneva-headquartered global oilfield products and services group Weatherford International, which was last year fined $253m by the US government for breaches of the Foreign Corrupt Practices Act (FCPA) and export control violations, brings in Dianne Ralston from Schlumberger as its new GC.
Reed, who was a dispute resolution partner at legacy Norton Rose between 2001 and 2006 and one of the founders of its securities litigation group, with a practice concentrating on hedge funds, banking, asset finance and financial services disputes, became Threadneedle’s first GC when he arrived in 2007.
