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Lloyds appoints new global corporate real estate head of origination

Lloyds Bank Commercial Banking has appointed a successor to Barry Fowler, its former head of corporate real estate, Real Estate Capital can reveal. Madeleine McDougall (née Forrest) has been brought in as head of origination with its global corporate real estate business from Deutsche Pfandbriefbank. She will concentrate on Lloyds’ large ticket lending of usually […]

Madeleine ForrestLloyds Bank Commercial Banking has appointed a successor to Barry Fowler, its former head of corporate real estate, Real Estate Capital can reveal.

Madeleine McDougall (née Forrest) has been brought in as head of origination with its global corporate real estate business from Deutsche Pfandbriefbank. She will concentrate on Lloyds’ large ticket lending of usually between £50m and £200m.

Her appointment comes at a time of wider recovery in the bank’s new lending operations as it continues to reduce its bad book exposures and winds down the Business Support Unit operation that manages it.

At Deutsche Pfandbriefbank McDougall led the international client team in the UK under head of UK and central and Eastern Europe, Charles Balch. Her clients have included KKR, Blackstone and Orion. McDougall previously held posts in the origination teams of Eurohypo and Westimmo as well as working for Trillium, while the company was under Land Securities’ ownership.

The appointment is the third major hire made by the Lloyds corporate real estate business in the past six months, following Andrea Pittaluga, joining as relationship director in March from StormHarbour Securities and former ING director, Lee McDowell, joining as senior originator within the origination team in May.

The bank has also seen some senior departures this summer. As well as Fowler, who left to join Aviva Commercial Finance as managing director of commercial finance, Rupert Gill, a director in the structured debt syndication team joined Hatfield Philips as managing director and head of debt and management advisory and portfolio director John Gardiner joined AIG Asset Management as its managing director of structured products.

John Feeney, managing director and global head of corporate real estate, said: “[McDougall] will drive new business activity and deepen our engagement with both target and existing clients.

“She has a strong track record in origination having delivered a series of major deals and will bring new solutions to our already strong client relationships. She will work closely with our distribution teams, delivering both the Lloyds Bank balance sheet and a range of other funding options.

“We see Maddie as a leader in the next phase of the CRE finance market and are excited to have her talents within our business.”

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