HSBC appoints Herbert to head its global corporate real estate operations

Wednesday, March 24, 2010

Banking giant appoints John Herbert to head its worldwide corporate real estate interests

By Ashley Brunskill

Banking giant HSBC has appointed a new head of its international corporate real estate.

According to Property Week, John Herbert is to become the bank's global head of real estate after leaving opportunity fund Advanced Capital, where he was a senior adviser.

HSBC believe his appointment will "help drive the creation of a coherent, international real estate strategy.

He has been working many senior roles in London for the last decade since he helped Citigroup expand its European property business. Mr Herbert was also head of the Europe, Middle East and Africa Property at Merrill Lynch.

In addition to his work in corporate real estate, he also sat on Blackrock's $500 million (£333 million) property and distressed debt fund investment committee.

HSBC caters for around 125 million customers across its entire banking operations and although based in Hong Kong, many of its senior staff are located at its Canary Wharf headquarters.

Source: ask-re The Property People LLP