The Royal Bank of Canada’s former managing director and head of the bank’s Real Estate Capital Partners division, Brian Collyer, is leaving to take up a senior position at Lone Star.
Collyer had been responsible for originating loans globally. His new role at Lone Star will see him focus on Latin America.
The move will see RBC managing director Kathryn Ogden step up to head the bank’s real estate lending business globally.
Both RBC Real Estate Capital Partners and Lone Star are headquartered in Dallas, Texas. Ogden, who has been with the bank for six years, moved back to her native US from London last October.
Prior to joining RBC, Ogden and Collyer worked together at Goldman Sachs’ Real Estate Private Investment Area division.
The changes to RBC’s global structure do not affect the European business, which is still headed by Axel Brinkmann. He joined the business last year from LaSalle Investment Management.
Lone Star and RBC have long had a close relationship, with the latter financing a large number of sizeable Lone Star transactions in Europe in recent years, mostly under Ogden’s watch when she headed the European business.
Most notably, RBC was part of clubs that funded Lone Star’s £5.2bn acquisition of Project Rock and Salt in 2014 as well as its £1bn purchase of Project Laser from Moorfield and its £2.3bn acquisition of Project Churchill from Aviva last year.
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