JLL has bolstered its capital markets arm with the hires of Credit Suisse’s Wenceslao Bunge and Jaime Riera.
Bunge will be global co-chair of real estate investment banking, with a specific focus on the EMEA, APAC and Latin American markets. He joins JLL after more than 29 years at Credit Suisse, where his most recent position was global chairman of real estate and chief executive for the Credit Suisse European Bank. He has worked in New York, São Paulo, London and most recently in Spain for five years.
Riera joins as EMEA head of M&A and corporate advisory, within the existing equity advisory business. He joined Credit Suisse in 2007 and most recently led the EMEA real estate investment banking and European mid-market M&A teams.
Both Bunge and Riera will be based in JLL’s Madrid office.
Richard Bloxam, chief executive of capital markets at JLL, said: “We are excited to bring Wenceslao and Jaime on board as we grow our investment banking advisory capabilities both globally and in EMEA.
“At an average of $140bn (£129bn) traded annually over the past five years, real estate M&A represents around 10% of the overall commercial real estate universe. The need to provide strategic advice and solutions to owners, investors, occupiers and lenders in real estate across the entire capital stack has never been greater.”
Matthew Richards, EMEA chief executive of capital markets at JLL, said: “Both Wenceslao and Jaime bring with them a wealth of knowledge and we look forward to working alongside them to strengthen and grow our services in this space. Offering this end-to-end service will be a real differentiator for our clients.”
Bunge and Riera said in a joint statement: “The market is set for some turbulence as we enter the final quarter of the year, so it’s vital for real estate investors to make strategic decisions and this is an area where we can really help them.”
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