Loan servicing firm Mount Street has expanded its presence in the Netherlands with the hiring of Jouke Boomsma to run an Amsterdam office, Real Estate Capital has learned.
The appointment of Boomsma comes amid a hiring drive by Mount Street – which is aiming to grow its business – including Capita’s Serenity Morley, who is joining to lead primary servicing.
The opening of a Dutch office grows Mount Street’s European footprint, which currently comprises London and Frankfurt. The firm is also aiming for a presence on the ground in Ireland.
Boomsma has joined Mount Street as a senior director and co-head of non-performing loans from Colliers International, where he was a capital markets director.
Mount Street’s decision to grow in the Netherlands follows its involvement with the Lone Star and JP Morgan joint venture which purchased the €5.2 billion ‘Project Swan’ loan book – the entire remaining exposure of Dutch bad bank Propertize – in a deal which completed last September.
Boomsma, at the time a director in the loan services team at Colliers International, worked alongside Mount Street in an advisory capacity on the Project Swan deal. Prior to his role at Colliers, Boomsma was a senior asset manager in the special servicing team at CR Management.
In the UK, Serenity Morley, who will join from Capita Asset Services as head of primary servicing, will take up her new role at Mount Street in March. Morley has been with Capita since 2007, firstly as a senior manager for primary services and restructuring, and since 2014 as head of client relations.
Steve Northage, who currently leads Mount Street’s primary servicing is moving internally to become head of client infrastructure and risk.
The appointments coincide with the departure of Bill Sexton, formerly Mount Street’s CFO, who has left the firm to join M7 Real Estate. His role at M7 is understood to include real estate investment and NPLs.
Mount Street and M7 have collaborated in the past. In 2015, the two firms announced a joint venture partnership – Mount Seven – through which to co-invest in the European NPL markets. The joint venture has since been unwound.
In other hiring news, Mount Street appointed Dan Maynard as head of business development last November. Prior to that, Maynard was a partner at debt fund lender AgFe since June 2013. Earlier in his career, Maynard spent 20 years at Morgan Stanley and also worked for a time at Henderson Global Investors.
Last summer, David Merchant was hired as head of projects from Fairmile Financial Services. Merchant had previously been a managing director at JER Partners, prior to which he held roles at Cheyne Capital Management and Morgan Stanley.