UK
Olympics drives demand for real estate bankers
24 January 2006
The 2012 London Olympics could be good news for anyone looking for a job in real estate corporate finance.
Noel Marshall, managing director of the banking and financial markets team at recruitment firm Finance Professionals, says real estate is currently one of the niche hot areas in the corporate finance market. “There are no shortage of jobs in real estate right now for late stage associates and early stage VPs or directors.”
Marshall says banks hiring in the real estate sector are facing a problem of supply – there are simply not enough good real estate bankers to go around. But he says rising demand is also an issue: with billions of pounds set to be spent preparing the capital for the Olympic games, construction companies are in for a windfall. Consolidation is likely as a result, and banks need to boost their real estate teams to deal with it.
Lehman Brothers has already strengthened its hand in European real estate. Earlier this week it appointed Edmund Craston, previously at UBS, as managing director for real estate investment banking in Europe.
