HSBC hires Herbert as global head of real estate - banking jobs

People in London banking jobs are taking note of John Herbert's move to HSBC.

Mr Herbert has assumed the role as global head of real estate with the bank after leaving Italian-based €600 million (£535 million) opportunity fund Advanced Capital, for which he was a senior adviser.

He has worked in London in 2000 when he joined Citigroup as head of its Europe, Middle East and Africa Property and Hotel Group where he helped expand its European investments. Mr Herbert occupied a similar role at investment bank Merill Lynch.

Before moving to working London banking operations, he sat on the investment committee of Blackrock's property and distressed debt fund between 1994 and 1996.

HSBC hoped its new real estate expert would "help drive the creation of a coherent, international real estate strategy."

It marks the latest in a significant shift amongst leading investment banks, including Invesco and Morgan Stanley, as analysts suggest that valuations of real estate will be attractive to large corporate investors.

Updated: 25 March 2010.
Categories: banking-and-financial-services, london, market-and-industry-news.