Key advisers move to head CSFB’s new European investment operation
Edward Simpkins
CSFB has poached Bankers Trust’s real estate team to run its new European property division.
Ian Marcus, who headed Bankers Trust Real Estate Investment Group, will join CSFB in August, along with colleague Gary Wilder. They will run CSFB’s property investment and banking throughout Europe.
Marcus has only been at BT – now officially known as Deutsche Bank – for a year. He is known to have been unsettled by the Deutsche Bank takeover.
To be called the European Real Estate Products Group, the new team will advise on company takeovers, share and bond issues. It is also expected to invest directly in property related companies.
Under Marcus, BT’s property group invested in Regus and Punch Taverns.
Mark Seligman, head of UK investment banking at CSFB, said he expected the group to split activities equally between the UK and the rest of Europe.
“We want to be busy in the secured and non-secured debt markets and the burgeoning securitisation market,” he said.
CSFB’s European Principal Transactions Group will be incorporated into the group, which is expected to work closely with a similar US group established in April this year.
CSFB launched the £115m securitisation of La Defense office district in Paris and played a minor role in British Land’s Broadgate bond issue.
Following deals in the past year, it is one of the largest landlords in Scandinavia, taking much of Sweden’s government property private, and is tipped to do a similar deal in Norway.
