CBRE Loan Servicing head Lloyd quits for rival start-up

CBRE Loan Servicing has lost its head, Paul Lloyd, to a loan servicing start-up company. Lloyd is joining a new European commercial real estate loan servicing business backed by US private equity firm Greenfield Partners, in partnership with Raith Capital Partners.

Two of the partners at London-based Mount Street Capital, Ravi Joseph and Bill Sexton, will also work with Lloyd in the new business, which will seek to advise on the mountain of maturing European loans. Greenfield owns a majority interest in Clayton Holdings. Clayton claims to be the US market leader in mortgage loan due diligence.

It also owns Clayton Euro Risk, which has a similar business in Europe, as well as Quantum Servicing Corp, a US corporate real estate special servicer, and Green River Capital, a US residential mortgage loan recovery business that sells repossessed property.

Lloyd joined CBRE Loan Servicing almost three years ago to build up the business. He was previously at Deutsche Bank, where he led the European CMBS servicing and special servicing division. He had previously worked with Joseph at Morgan Stanley.