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CBRE poaches RBS banker Coates

Industry big hitter appointed executive director and head of structured finance for EMEA in Capital Advisors unit.

Global broker CBRE has hired Paul Coates as executive director and head of debt and structured Finance for the EMEA region of its Capital Advisors unit.

Coates is joining CBRE from Royal Bank of Scotland where he has been managing director and head of real estate finance since 2008. He was responsible for the strategy and leadership of the real estate franchises across the bank, and was a member of the commercial and private banking executive committee.

Prior to this, he held other high-profile positions within RBS, including managing director in the European real estate securitisation team and managing director in the real estate finance group.

In his new role, Coates will report to Richard Dakin, managing director of CBRE Capital Advisors. Together with Marco Rampin, who will continue his focus on Continental European activities, Coates will spearhead the “continued expansion” of the team across the region and develop the “growing” pipeline of debt advisory mandates, the firm said.

Steve Williamson will take on a new role as chairman of debt and structured finance in the EMEA region, focusing primarily on developing the team’s UK client list.

CBRE closed more than 50 European debt deals totalling more than €6 billion in the 18-month period between January 2016 and June 2017.

During this period, several significant players have joined CBRE to lead the teams at a local level across the EMEA region, including Martina Muehlhofer in Italy, Abdallah Ould-Brahim in France and Igor Borrego in Portugal, complementing the firm’s existing  activities in the Netherlands, Spain Germany and Central and Eastern Europe.

“Paul is highly regarded throughout the industry and has the experience to help us deliver the strategic growth that is required for us to continue to deliver exceptional outcomes for clients,” Dakin said.

Coates added: “I am looking forward to working with and developing the team to build on the existing strong track record of success and to seizing the growing number of advisory opportunities presenting themselves in the market currently.”