One of the UK’s best-known bankers, Stuart Hoare, has joined investment management firm CR Investment Management as a managing director.
Hoare had been director of European real estate finance at Citi for 17 years before he and two other members of the lending team were made redundant in April after UK investment volumes plunged in the first quarter of 2016 by 32% year-on-year.
During his time with Citi, Hoare worked with clients including Blackstone, Oaktree Capital Management, Europa Capital, and M7 Real Estate.
He will head a new service line for the investment management advisory firm, focusing on providing loan brokerage, real estate finance advisory and loan syndication across Europe.
The business will source debt and equity for new transactions while also advising clients on their existing ones, with a view to working with both institutions and private investors.
Transactions will start from €5m (£4.2m) in size and CR may also provide its own cash into financing deals.
Jacob Lyons, managing director of CR, said: “We have known and worked with Stuart for many years. This activity makes our offering to clients even more compelling by providing a broader spectrum of services and we look forward to benefitting from Stuart’s experience and leadership.”
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