Shake-up in Lloyds’ CRE team as Green departs

A new leadership line-up has been unveiled at Lloyds Bank’s commercial real estate division following the decision by former head of private real estate corporates Marty Green to return to his native Australia.

Richard Heath, who has been part of the CRE team’s leadership set-up since 2010, has moved into Green’s former role as head of private real estate corporates. Heath headed up the listed client team since the bank structured its real estate practice into six specialist units last year.

Director Ian Goldsworthy, who joined Lloyds last year from Kennedy Wilson, has stepped into Heath’s former role as acting head of the listed client team.

Green is returning to Australia to take up a new role at an Australian bank. He joined Lloyds seven years ago in its Australian business. He relocated to the UK in 2012 to head the mid markets real estate team before becoming the CRE team’s head of private real estate corporates.

The private real estate corporates team oversees relationships with a broad array of real estate businesses and entrepreneurs in London and across the UK regions.

John Feeney, managing director and global head of commercial real estate for Lloyds Bank, said: “From a standing start, Marty established himself as one of the UK’s most well-regarded commercial real estate bankers and was held in high regard by many of the market’s key investors. He has been a great leader within our team and we thank him and wish him well for the future.

“Richard Heath is an already accomplished and respected leader in our business and brings a wealth of experience to his new role after managing some of our most complex relationships. He is the ideal candidate to build on the success of Marty and his team.

“Ian is also among the industry’s most well-known operators with more than 30 years’ banking experience including over 15 years in UK commercial real estate and he has had a significant impact on our business since he joined last year. We plan to hire additional resource to support him over the coming months.”