US investment bank Jefferies wants a slice of Australian real estate sector deals and has hired a former Deutsche Bank-er to help make it happen.
Jefferies has recruited Michael Ryan as its new head of real estate in Australia for its Sydney-based investment banking team.
Ryan was most recently a director covering real estate at Deutsche Bank where he worked on the $30 billion Westfield/Unibail-Rodamco deal and Canadian fund manager NorthWest’s Australian healthcare property purchases, and previously worked at Fort Street and Bank of America.
Ryan’s expected to start at Jefferies as a senior vice president – the No.2 rank in its investment banking team, behind managing director.
It comes as Jefferies has also picked up Westpac’s Luke Heffernan as a vice president in its financial institutions group, working with new MD Jackie Cleary.
Heffernan was part of Westpac’s busy band of dealmakers that helped sell the group’s $10 billion auto loans business to Cerberus Capital’s Angle Finance, its lenders mortgage insurance unit, vendor financing and financial planning and dealer group business.