Britain's former anti-fraud chief joins top London law firm
By Kirstin Ridley
LONDON, Sept 11 (Reuters) - The former head of the UK
Serious Fraud Office (SFO) will join prestigious London law firm
Slaughter and May as a full-time consultant six months after
leaving the investigator and prosecutor, the legal practice said
David Green, who will start at the firm on October 22,
follows a well-trodden path from public service into private
practice. Tracey McDermott, the former enforcement head of the
Financial Conduct Authority (FCA) regulator, joined Standard
Chartered Plc last year and is now group head of
Green, a lawyer who left the SFO in April after a six-year
stint at its helm, would bring a "unique perspective" to the
firm, which advises companies and individuals facing criminal
and regulatory investigation across the world, Slaughter and May
said in a statement.
He will not work on cases he was involved with at the SFO.
The practice, one of London's "magic circle" of top law
firms, has advised a series of companies and individuals
investigated by the SFO, including aero engine company
Rolls-Royce and Japan's medical equipment and camera
maker Olympus and its subsidiaries.
Jonny Cotton, the co-head of Slaughter and May's Global
Investigations Group, called it a "superb appointment".
Green has been credited with repositioning and energising a
demoralised SFO and helping secure its independent future with a
series of high-profile investigations into alleged criminality,
such as the inquiry into Libor interest rate rigging.
He also secured the first deferred prosecution agreements
(DPAs), which allow prosecutors to suspend a prosecution for
offences such as bribery if companies meet criteria and agree to
pay a fine, accept remedial measures and appoint monitors.
However, other cases, such as unprecedented fraud charges
filed against Barclays over undisclosed payments to
Qatari investors in 2008, have been stymied.
An investigation into foreign exchange rigging was also
dropped in 2016 and charging decisions have not been made in
other top cases.
Green has been replaced at the SFO by Lisa Osofsky, a former
U.S. federal prosecutor, whose career has included spells at the
FBI, Goldman Sachs and risk and compliance advisory firm Exiger.
(Reporting by Kirstin Ridley; Editing by Ken Ferris)
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