Ian Marcus is expected to lead a new phase of growth as UK managing director of private property investor and developer Evans Property Group.
The 53-year old announced this week that he is leaving his role as chairman of the Credit Suisse European real estate investment banking team after 13 years in the post to head up the Leeds-based firm.
Marcus has been associated with private, family-owned Evans Property Group for more than 20 years as an adviser, non-executive director and consultant.
Marcus said: “There is no appetite to wind up too aggressively, but I hope to enhance Evans’ capabilities and enable them to do some bigger and more exciting things too.”
The low-profile firm, which was founded around 75 years ago, has a development pipeline with an end value of more than £1bn, as well as a flexible workspace subsidiary, Evans Easyspace. Between 2005 and 2007, it sold £600m of investments including a £425m portfolio to Leo Noe’s REIT Asset Management, leaving it with a £350m portfolio.
Marcus replaces John Bell, who is retiring after 18 years but will remain a non-executive director.
