Pbb head steps down
Manuela Better, chief executive of pbb Deutsche Pfandbriefbank and Hypo Real Estate, resigned last month after the German government blocked the sale of the group’s Depfa bank, which makes public-sector loans. Better said she saw no “basis for carrying out the duties of my office” after
banking agency SoFFin said Depfa would be wound down instead. SoFFin’s U-turn throws into doubt next year’s planned sale of Deutsche Pfandbriefbank.
mount street adds to team
Esther Robinson Wild has joined expanding loan servicer Mount Street. She previously worked on CMBS restructurings at RBS and on CMBS surveillance at Standard & Poor’s. Mount Street, which took over Morgan Stanley’s loan Servicing team and its mandates earlier this year, now
has 21 staff based in London.
gatehouse grows by three
Gatehouse Bank’s new head of real estate finance Natale Giostra has made a string of appointments. Nick Westoby has joined the Sharia-compliant bank from RBS, Arnaud Schaller has arrived from Crédit Agricole CIB, while Eduardo Martin completes the team, joining from Banco Popular Español.
Lloyds sheds six posts
Lloyds is continuing to cut its business support unit staff as it reduces legacy property loans. It has been transferring staff within the bank but also made six posts redundant in the past few weeks.