Going buy-side: Reed Smith’s global managing partner takes over from Hoyt at PNC

It is still reasonably uncommon to see private practice partners step straight into a general counsel (GC) role but Reed Smith’s global managing partner (MP) Greg Jordan is to join one of the firm’s clients, Pittsburgh’s largest bank, the PNC Financial Services Group, taking over from Bob Hoyt as he prepares to join Barclays. Alexander Thomas, Reed Smith’s global chair of litigation, will take over the global MP role from Jordan.

Jordan, who was only re-elected for another three year term last year, is set to become executive vice president GC and head of regulatory and government affairs. He will report directly to PNC’s CEO William Demchak.

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