JLL has appointed Ian Guthrie, a former senior Lloyds and HBOS banker, to provide financing advice to the consultancy’s clients.
As senior managing director in banking and capital, Guthrie will work with JLL’s EMEA and UK capital markets division, as well as the residential, hospitality and financing teams.
Guthrie’s involvement with JLL stretches back to October 2015 when he took up a role as a senior advisor to the firm’s UK board. In this capacity, he assisted the firm with client and dealflow origination, according to his LinkedIn profile.
During the last 18 months, Guthrie was also a senior advisor to the UK government’s Industrial Development Advisory Board, which advises government ministers on applications from firms seeking to invest in the UK.
Previously, he was managing director and head of commercial real estate and non-core at HBOS and Lloyds Banking Group for eight years. During this period, he was responsible for a circa £23 billion (€26.3 billion) cumulative portfolio comprising distressed and non-core assets, including circa £8 billion of hotels and circa £5 billion of housebuilders, across both the UK and Europe.
Guthrie brings a combination of debt and equity financing, corporate finance, private equity, restructuring, portfolio management and real estate expertise to his new role, JLL said.
His understanding of both financing and real estate will help JLL’s clients “to navigate the increasingly complex and dynamic nature of the property market as well as helping them to gain access and exposure to new opportunities”, said Chris Ireland, UK CEO at JLL.
The hire comes as JLL expands its debt advisory capabilities. In March, it hired David Barry as a senior director from rival BNP Paribas Real Estate, to focus on investors active in the UK, particularly the central London market.