Lloyds has hired Ab Shome as director in its loan markets corporate real estate team.
Shome replaces Rupert Gill, who left in the summer last year to join Hatfield Philips as managing director and head of debt and management advisory. Shome will begin at Lloyds next month and report to Ian Baggott, head of finance institutions, loan markets.
Shome joins from Royal Bank of Scotland where he was head of the syndicated loans agency team, looking after real estate, project and export finance and leverage loans. Prior to RBS Shome worked for Societe Generale and JPMorgan Chase.
Simon Allocca, managing director, head of loan markets at Lloyds said: “Corporate real estate financing is evolving at a pace and I’m delighted to have Ab joining us to further enhance our expertise in this area. I am convinced that this sector will continue to grow in 2015, with corporate real estate providing a strong source of activity during the course of the year.”
Lloyds is one of a number of lending institutions looking to build back up its syndication and securitisation teams post-downturn with the likes of Credit Suisse and Citi also stepping up their activity.
The bank is yet to undertake a CMBS this cycle but advised on a £139m tap issue by Intu in February last year, alongside HSBC, that was held against the Trafford Centre in Manchester.