SocGen syndication head quits to form own CMBS fund

Société Générale’s head of European syndication has left to start a fund focused on buying secondary CMBS and investing in structured real estate debt.

Hugo Headicar, director of real estate debt, syndication and sales, spent much of last year working on the White Tower deal. SocGen led a club of five lenders that provided £402.6m for Carlyle to buy six assets securing part of the CMBS.

SocGen is searching for his replacement and recently hired former Lehman Brothers banker James Jakeman in the new role of head of UK lending. It is also seeking another originator to  take the London team to five.

In other moves between banks, Nigel Chapman is leaving WestImmo for Deutsche Pfandbriefbank as a syndication director, while Mike McNamara has left RBS’s London office to move to the US.