Capco appoints new CFO

Capital & Counties Properties (Capco) has appointed Situl Jobanputra (pictured), formerly finance director for its massive Earl's Court project, as its new chief financial officer to replace outgoing CFO Soumen Das who is joining SEGRO.

Capital & Counties Properties (Capco) has appointed Situl Jobanputra, formerly finance director for its massive Earl’s Court project, as its new chief financial officer to replace outgoing CFO Soumen Das who is joining SEGRO.

Situl Jobanputra
Situl Jobanputra

Jobanputra has been with Capco since January 2014, most recently as director of investment and finance director for the £1.2 billion Earl’s Court regeneration scheme. From 1999 to 2012 he worked at Deutsche Bank, first as director of UK investment banking and from 2007 as head of UK and CEE real estate investment banking.

Jobanputra will take up the executive director position on 1 January 2017.

The internal appointment follows the resignation of Das as managing director and CFO, which was announced in July. Das is due to join SEGRO as the firm’s new CFO in January to replace Justin Read, who is retiring at the end of this year. Capco said that Das will remain at the company until 15 January 2017 to ensure a smooth transition.

The now-demolished Earl's Court, the site of which Capco plans to redevelop
The now-demolished Earl’s Court, the site of which Capco plans to redevelop

Capco said that the responsibility for the oversight of Covent Garden will revert to its chief executive, Ian Hawksworth, with immediate effect.

“We are delighted to welcome Situl to the Board of Capco and the role of chief financial officer,” said Hawksworth.

“He is well respected within the company and the wider markets and has significant investment banking and finance experience,” he added.

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