City Moves: Who’s switching jobs in the Square Mile this week?
Morning Wire‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured.
Barclays Corporate Banking appoints new head of real estate
Barclays has appointed a new head of real estate for corporate banking this week, following the retirement of the former-lead.
Jason Constable, who first joined the bank in 1990, will replace Dennis Watson who retired from the bank at the end of April after over three decades at Barclays.
The incoming real estate lead worked in corporate and investment banking for 15 years but was most recently responsible for leading Barclays’ specialist real estate team.
“Jason brings more than 30 years’ financial services experience and a wealth of expertise in the real estate sector to this key role,” head of client coverage for Barclays corporate banking, David Farrow, said.
After a brief spell at US-based private equity fund Platinum Equity, Constable re-joined the bank in 2006.
Constable is set to “focus on residential development financing, including the continued deployment of The Housing Delivery Fund in conjunction with Homes England,” Farrow added.
HSBC Asset Management expands emerging markets debt team
HSBC Asset Management has bolstered its emerging markets debt (EMD) team with a new portfolio manager in its London office.
Taras Pushak, who joined on 5 May, will report to head of global emerging markets debt, Bryan Carter.
“His talents and experience will amplify the breadth of alpha sources available for our EMD portfolios and complement the investment team’s current strengths in issuer and country selection with an ESG emphasis,” Carter said.
In his new role, Pushak will manage the firm’s EMD total return strategies and generate macroeconomic views across its EMD investment portfolios.
Bringing over 20 years’ experience, Pushak joins from APG Asset Management where he was a senior portfolio manager.
The incoming portfolio manager has also held positions at Citigroup and before that was an economist at the World Bank.
CBRE hires executive director and UK residential capital markets lead
Outsourcing and advisory firm CBRE has hired an executive director who will also act as head of its UK residential capital markets in its London office.
Andrew Saunderson will join from homes manager Grainger, where he has been since 2001 and is currently an investment director and a member of its executive committee.
“Despite recent events, the sector has proved its resilience and I am thrilled to have the opportunity to lead a talented team who have been and will continue to be instrumental in this developing and growing sector,” Saunderson said.
The incoming lead is set to take on the management for the residential capital markets team from Peter Burns, who is moving to a new role as transactional lead.
UK residential managing director, Luke Mills, said: “Andrew is one of the leading figures in this sector and working closely with Peter and the rest of our team, he will help spearhead the growth of our residential capital markets business, and ensure we continue to deliver exceptional outcomes for our clients.”
LSE-listed Headlam posts non-executive director to board
London Stock Exchange-listed floorcoverings distributor Headlam has posted a new non-executive director to its board, who will join 13 September.
Board veteran Stephen Bird is also a non-executive director and senior independent director of London-based industrial lighting firm Dialight.
Bird, who is the chief executive of technology group Vitec since 2009, will also join the company’s audit, nomination and remuneration committees in September.
The incoming board member has extensive executive experience and has senior held at Weir Oil & Gas, part of the Weir Group, as well as Danaher Corporation, Black & Decker, Unipart, Hepworth and Technicolor.