Lloyds Bank has poached Kennedy Wilson European managing director Ian Goldsworthy. He will join the bank on 7 July as a director in its listed clients team.
Goldsworthy was part of the team that pioneered Kennedy Wilson’s drive into Europe in 2011. He was also part of the senior management team responsible for the £1bn initial public offering of Kennedy Wilson Europe Real Estate last February.
Goldsworthy will report to Richard Heath, Lloyds’ head of listed clients for commercial real estate. Heath said: “Ian is one of the UK’s leading operators, with more than 30 years’ experience. He brings best-in-class expertise across vanilla and structured debt solutions in real estate, as well as a track record in debt capital markets, CMBS and derivatives.”
Mary Ricks, president and chief executive of Kennedy Wilson Europe, said: “It has been a privilege working with Ian over the past four years. He has been a valuable member of the team, and we would like to thank him for his hard work and contributions. We wish him every success at Lloyds.”
Kennedy Wilson is a client of Lloyds and has bought several loan portfolios from the bank.
Prior to his role at Kennedy Wilson, Goldsworthy was head of UK real estate at HSBC, having overseen the bank’s restructuring of its property book and its refocus on origination.
Lloyds has been an increasingly active lender to real estate in the past three years under the leadership of managing director and head of commercial real estate John Feeney and last year financed £7.4bn of deals.
In March, it revamped its commercial real estate team, which issues loans of £10m and above.
The restructure created six specialist teams: listed clients, led by Heath; institutional clients led by Madeleine McDougall; major private groups, led by Gabrielle Berring; developers, led by Graeme Alfille-Cook; international clients, led by Pierre Gervasi; and private real estate corporates, led by Marty Green.
david.hatcher@estatesgazette.com
