Peter Denton is to join Westdeutsche Immobilien Bank on 1 September as managing director and head of financial sponsors coverage.
The role will involve managing the bank’s 50-plus cross-border client base out of London, encompassing new loan origination.
Denton resigned as MD of Barclays Capital (BarCap) on 6 June after just 10 months, following the bank’s decision to shut down its real estate lending operation established by conduit lending veteran Lynn Gilbert.
In his new role, Denton will be responsible for originating new large loans, funded through the German bank’s pfandbrief programme, which will be distributed via syndication, alongside fellow recent recruit Nigel Chapman (head of syndication) who joined at the start of June from HSH Nordbank.
Denton will also have a mandate to continue fostering relationships with sovereign wealth funds, which he spent much of his time at BarCap developing. He will be re-united with his former boss at Eurohypo, Peter Knopp, who was appointed as chairman of the board at West Immo last month.
At Eurohypo, Denton spent four and a half years to May 2007, latterly as managing director, specialising in European debt capital markets origination.
It is thought that Denton had other career options, including a chief financial officer role and the opportunity to join a new mezzanine fund, but preferred to team up with his former colleague Knopp. Denton will report to Cluas Juergen Cohausz, board member with responsibility for loan origination.
“Peter brings a huge amount of cross-border structured finance experience and strong relationships with the Financial Sponsor community” said Cohausz. “His recent experience of creating a Souvereign real estate platform is an added bonus.”
“Peter’s appointment reflects the wider strategic goal of WestImmo to solidify its position as a centre of excellence for real estate banking products,” said Peter Knopp, Chairman of the Managing Board of WestImmo.
