Richard Dakin, a veteran of real estate finance in Europe and head of CBRE's European investment banking & debt & structured finance business, is to retire from the property services firm in December, and step back from July.
Dakin joined CBRE in 2014 following a 32-year career at Lloyds Banking Group where he was MD and head of the real estate business support unit. He played a critical role in managing the group’s non-core commercial real estate assets at the height of the GFC in 2008.
From July he is taking a part-time role supporting CBRE's investment banking and debt & structured finance leadership team.
CBRE said: 'The decision by Richard to step down marks the close of a highly successful 42-year career in banking and real estate finance. Over the past nine years, Richard has spearheaded the growth of CBRE’s financial capabilities through the growth of its Investment Banking and Debt & Structured Finance business in the UK and across Europe.'
'He has grown the team substantially and has overseen the appointment of some key strategic hires, most recently supporting the global integration of the investment banking team from Sera, a leading global independent real assets advisor. He has also served as a member of CBRE’s UK Executive Committee and Strategy Board and chaired the Risk Committee.'
Ciaran Bird, divisional president, advisory services, CEO, UK & Ireland, commented: 'I want to take this opportunity to thank Richard for his significant contribution to the ongoing success of our UK business.'
'Not only has he been an inspirational leader to many across our business, but he has led the growth of our Investment Banking and Debt & Structured Finance business through one of the most challenging and uncertain periods the real estate and financial markets have ever experienced. He has been integral in enabling CBRE to deliver a holistic, full-service Capital Markets offering to clients, unrivalled by any of our peers.'
