The start of the year has seen much lateral movement both in-house and out, with MasterCard naming Tim Murphy as general counsel and chief franchise officer as incumbent Noah Hanft retires from the company. Meanwhile, Gibson Dunn & Crutcher announced the hire of the former Americas general counsel and global head of investigations at UBS, Mark Shelton, as a partner in its New York office, while HSBC has confirmed that Cleary Gottlieb Steen & Hamilton partner Shawn Chen officially joined the bank this week to jointly oversee its litigation and regulatory enforcement department with co-general counsel Guy Nielson.