Goldman gazumps UBS

Top real estate investment banking team defects from UBS to Goldman Sachs.
In a major hiring coup, Goldman Sachs has taken a team of five from UBSÆs highly regarded real estate group. The team is led by Michael Smith.

Smith will become Goldman Sachs head of real estate investment banking and joins as a managing director. He was previously head of real estate at UBS and has been a specialist in this sector for 15 years. He will be based in Singapore.

A second senior banker in the poached UBS team is Vincent Peng, who also has 15 years experience in the real estate sector. He will be based in Hong Kong, and was formerly the Asian head of the corporate investment group for GIC of...
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