M&G has promoted Lynn Gilbert to head its senior debt strategies following the departure of Paul Dittmann.
Dittmann, who was head of the senior commercial mortgage group at the insurer, is understood to have left the business more than a month ago.
Gilbert will take over his role with immediate effect, stepping up from her position as head of origination and senior commercial mortgage fund manager.
She has been with M&G since 2013, joining from Renshaw Bay’s real estate fund where she had been the co-portfolio manager.
Before then she had headed finance teams at Barclays Capital, Morgan Stanley and Société Générale in a career dating back to 1980.
Gilbert and Dittmann had been responsible for developing the lending arm of M&G. The two had originated a long-term senior debt strategy that is capable of lending on a variety of deals.
Notable financing agreements run by Gilbert’s team have included a £238m deal with Northern Trust in 2014 and a club financing role in Greystar’s Nido student housing purchase in April this year.
