Lloyds’ Madeleine McDougall next CREFC Europe chairman

Lloyds Bank Commercial Banking’s Madeleine McDougall will become CREFC Europe’s next chairman.

She will begin her one-year term on November 9, the first day of CREFC Europe’s Autumn Conference.

McDougall is Lloyds’ head of institutional clients in the commercial real estate business where she works with financial sponsors, investment managers, sovereign wealth funds and insurers active in real estate.

She joined Lloyds last November from pbb Deutsche Pfandbriefbank where she led the international client team in the UK.

McDougall takes over from pbb’s Andreas Wuermeling who will remain on the CREFC Europe board for another year as immediate past chairman.

“Firstly, I’d like to thank Andreas for all his work as chairman of CREFC Europe,” said McDougall.  “My priority will be to carry on that work to enhance the health and wellbeing of Europe’s commercial real estate finance industry.”

McDougall will focus on supporting education initiatives and greater diversity across the sector, improving the consistency and efficiency of real estate finance transactions, and building upon CREFC Europe’s relationship with other industry bodies.

Peter Cosmetatos, chief executive of CREFC Europe said: “I’m delighted to welcome Madeleine as our new chairman and look forward to working with her closely to promote commercial real estate finance in Europe.”