The recent trend of departures from Norton Rose Fulbright has continued with its U.S. fintech practice head, Stephen Aschettino, moving to Steptoe. In his new position, Aschettino aims to harness the rising need among global financial services providers for regulatory guidance in creating digital payment systems.
This move follows a notable number of exits from Norton Rose Fulbright’s C-level leadership team that occurred after the abrupt departure of their Global CEO, Gerry Pecht, in September.
In a concerning revelation, Aschettino noted that the reasons behind the sudden exodus of the firm’s global leadership team were never made clear internally, even to partners. Despite the mystery surrounding this phase of departures, Aschettino looks ahead to steer his career in a new direction at Steptoe.
More details on this development can be found in the original article.