Head of Corporate Finance, Charles Penney, elected Senior Partner from 1 May 2016 for a period of three years.
A former Secretary of the UK Takeover Panel, Charles Penney joined AG in 2005 and is a well known figure in the City of London, acting for both domestic and international clients on substantial mergers and acquisitions (including, particularly, public takeovers), IPOs (and other fundraisings) and joint ventures.
Charles will combine his existing client responsibilities with his new leadership responsibilities. The role is market-facing and, alongside the governance aspects, Charles will focus on growth across the firm's UK and international markets, including its chosen sectors (Energy & Utilities, Financial Services, Health, Industrials, Real Estate, Retail & Consumer, Transport and Digital).
Andrew Carpenter also stood as a candidate in the election to succeed Monica Burch.
Monica Burch commented: "It has been a great privilege to serve as Senior Partner and I wish Charles well as my successor. He brings experience and energy and, with Charles as Senior Partner and John Joyce as Managing Partner, the firm is in very good hands. They have the support of our business and are passionate about two aspects which remain core to AG – our people and our clients."
Charles Penney added: "I would like to thank Monica for her inclusive leadership over the past six years. She has done much to move the firm forwards. We are well recognised in our chosen sectors and markets - both in the UK and internationally – as a premium business which is great to work both with and for. Alongside client commitments, the continued focus on our growth, our brand and our culture will be key priorities for me as Senior Partner."
John Joyce, Managing Partner, said: "We are very fortunate to have benefited from Monica's enthusiasm and focus over many years, and now to have such a strong successor. I am looking forward to the prospect of working closely with Charles in leading our firm to continue to enhance our performance and service. A contested election creates a healthy environment in which to engage with partners and Andrew has our respect and thanks for his part in that process."
Once she steps down as Senior Partner, Monica Burch intends to take a short sabbatical over the summer following which she will return on a part time basis in order to help with the continued implementation of the firm's strategy and to focus in particular on the development of our clients and our partners.