Allen & Overy managing partner Gareth Price resigned from the firm in a shock move ahead of its multibillion-dollar merger with US firm Shearman & Sterling. The law firm said on 13 July that Price had resigned “for personal reasons” after more than three years leading the firm.

Citigroup hired a senior Deutsche Bank executive to lead its business in the UK as its long-serving chief executive in the country, James Bardrick, steps down after a decade in the role. Tiina Lee will take over as CEO for the UK at Citigroup, succeeding Bardrick — a veteran of the bank who has held various senior positions during his 35-year tenure.