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Deutsche builds CRE franchise

The bank appoints three new members to its Asia commercial real estate business.
Deutsche Bank has expanded its Asia-Pacific commercial real estate (CRE) franchise, naming three senior members to the team. The new hires will carry out their duties from the bankÆs Hong Kong offices.

Christopher Dunn shifts to DeutscheÆs Hong Kong offices from its New York offices. In his new role he will answer to the title of managing director and co-head of CRE Asia ex-Japan. He will run the team in tandem with Greg Wells, who joined DeutscheÆs Shanghai offices in December of last year.

Wells joined the bank from law firm Paul Hastings as a director and head of CRE, China. At his previous employer, Wells established and developed its real estate practice in mainland China, focusing on the acquisition, structuring and financing of real estate assets.

Both Dunn and Wells will be responsible for the CRE-related principal finance and securitisation business across China, Southeast Asia, Taiwan and South Korea. Like Wells, Dunn will report directly to Frank Forelle, managing director and head of CRE Asia Pacific.

Prior to this role, Dunn was a managing director in the CRE Group in New York where he was responsible for the structuring and execution of large loan securitisations and the distribution of high-yield real estate debt in the US.

Before joining Deutsche in 2001, he worked at Banc of America Securities and started his investment banking career at Bank of Boston in 1987.

Also coming to DeutscheÆs CRE business in Hong Kong is Paul Richardson. He transfers internally and was previously director of Deutsche Bank CRE Japan. Reporting to Dunn and Wells, he will be responsible for origination, structuring and pricing of commercial mortgage backed securities (CMBS) and property-related securitisations in the region.

In his Japan role, Richardson was responsible for CMBS and property-related securitisation projects. He crossed to Deutsche in 2003 after six years at JPMorganÆs London and New York offices where he was responsible for CMBS structuring. Before JPMorgan, Richardson worked at the structured finance department at CRIMI MAE, a US commercial mortgage company structured as a Reit.

Also in Hong Kong, Wit Solberg joins Deutsche as a director of CRE Asia. He will be responsible for origination and structuring of property-related securitisations and reports to Dunn and Wells.

Solberg heads to Deutsche from Fitch Ratings where he was senior director and head of Asia-Pacific structured finance (non-Japan) with responsibility for the rating of all structured finance and Reits in Asia. Solberg began his real estate banking career with PNC Capital Markets in 1997.
¬ Haymarket Media Limited. All rights reserved.
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