Herbert Smith Freehills LLP has announced the recruitment of Andrew Procter, a leading financial services regulatory expert and a highly regarded senior figure in the financial services and investment banking industry.

Andrew joins Herbert Smith Freehills’ global financial services regulatory practice.

Through his career Andrew has held a number of high-profile positions, most recently global head of compliance, government and regulatory affairs at Deutsche Bank, which he joined in 2005.

Prior to that he was head of the enforcement division at the UK Financial Services Authority (from 2001 to 2005) and has held senior positions at the Hong Kong Securities and Futures Commission and, before that, the Australian Securities Commission.

Andrew will be involved across the firm’s work for financial services clients, bringing his exceptional experience both in senior regulatory positions internationally and at the most senior level in a leading global financial institution.

With his technical expertise and strategic judgement, he is ideally placed to assist with the increasingly difficult calls facing Herbert Smith Freehills’ financial services clients in the contentious and non-contentious spheres.

He will work with Herbert Smith Freehills’ market leading financial services regulatory team across the firm’s international network, as the firm continues to grow its regulatory practice in response to demand from clients for advice on the most high-profile and significant financial services matters.

Andrew is expected to join the firm as a partner in June this year.

Sonya Leydecker, global head of Herbert Smith Freehills’ dispute resolution practice commented: ‘I am delighted that Andrew is joining the firm. This is a very significant strategic development for us. Having Andrew on board will add a unique level of experience and sophistication to our financial services regulatory capability.

‘Andrew’s experience, standing, market insight and energy represent an opportunity for our growing financial services regulatory practice to develop and innovate our client offering in this important market sector.’