New chief risk officer for MaxCap

MaxCap Group (MaxCap), the Australian commercial real estate (CRE) debt investment manager, has appointed Brett Corfield to the newly created role of chief risk officer.

Corfield, who will be based in the firm’s Melbourne head office, has 25 years of experience in financial services and real estate in Australia, Asia and the US.

Most recently, he spent 15 years at ANZ Bank, where he held senior executive directorships across the institutional property and risk divisions as well as the group risk and group audit departments.

As executive director of ANZ Credit Operations in the Institutional Property Group, he led major debt renegotiations through the Global Financial Crisis. These included the A$1.1 billion (€710 million; $790 million) negotiation, structuring and finance takeover by a major stakeholder in Australian Stock Exchange-listed Investa Property Group.

Corfield previously worked in Deloitte Touche Tohmatsu’s restructuring services specialist team and in compliance for Ernst & Young.

“Brett’s strong strategic risk background and leadership skills are critically important at a time when CRE debt continues to gain global attention and credibility as a standalone asset class within institutional portfolios,” said Wayne Lasky, MaxCap managing director, in a statement.