István Pozsgay has joined the Insurance practice of CMS as Of Counsel, effective from 2nd of October.
István brings over 20 years of experience working as a commercial, transactional and regulatory legal professional in multinational corporate environment at US-based insurance companies in Hungary. Before joining CMS, István was Head of Legal and Data Protection Officer at MetLife Hungary and General Counsel and Compliance Officer at AIG/ALICO Hungary, where he also gained robust experience in compliance and data protection matters.
Managing Partner, Gabriella Ormai comments: “Adding István to our team illustrates our mission to have the best sector-experts on board. He has an extremely valuable knowledge and understanding of the insurance sector, which we intend to fully capitalize on.”
“István’s work as a corporate counsel earned him an outstanding reputation on the market and a strong national and international network of key figures in the insurance sector, which will be an invaluable asset to us” – added Zsolt Okányi, CMS’ Global Head of Dispute Resolution and Head of Dispute Resolution at CMS Budapest.
“As Head of Legal at MetLife, I have been working with CMS for many years before actually joining the company, so I know that I will be part of a competent and professional team. I am positive that my years of experience as a corporate counsel in a heavily regulated sector such as the insurance sector will add a new dimension to the team’s current capabilities.” – said István Pozsgay.
CMS Budapest promoted its senior counsel József Várady to a partner of its real estate group.
József has been working at CMS Budapest for over 14 years, where he has been involved in several real estate transactions and advised major Hungarian and international clients on real estate projects and litigation matters related to the sector. He also has significant experience in corporate and financing transactions and tax matters.
„I am delighted to take a partner role within CMS. It is exciting times now in the real estate sector in Hungary and across the region and my priority as the new partner is to help further develop our No.1 real estate practice and keep servicing our clients to the highest standards” – said József Várady.
The appointment is part of the joint partner promotions of CMS, Nabarro and Olswang, involving 48 partners in 26 offices. The three firm have completed their merger on 1st of May, creating the world’s sixth largest law firm by lawyer headcount. CMS Cameron McKenna Nabarro Olswang is now present in 39 countries with 70 offices.
Gábor Czike, Head of Real Estate at CMS Budapest’s commented: “As our firm grows bigger and bigger, we also have to ensure the continuous growth of leadership and over the past years József has proven himself many times as an exceptional lawyer and a leader. His promotion not only reflects the invaluable contribution he has made to the firm but also our commitment to further invest into the real estate practice.”
József commenced his new role on 1st of May 2017.