International property adviser JLL has hired investment banking and corporate finance expert Philip Ward as CEO of its hotels & hospitality group for EMEA.
With a career spanning 35 years, Ward comes to JLL from global investment bank Brookfield Financial, where he was a managing partner and founder of the firm's European operation.
His appointment comes at a time when the hotels and hospitality sector is facing new competition from businesses that challenge the traditional concept of a hotel, said Mark Wynne-Smith, global CEO of JLL's Hotels & Hospitality Group.
'Philip's appointment to lead JLL’s hotel and hospitality business in EMEA signals our focus on the institutional investor segment, and is a response to the changing needs of our clients and the market and economic environment,' said Wynne-Smith. 'He joins during an evolutionary period as the universe of investors and lenders becomes more diverse within the hospitality sector as a whole.'
Ward joined Brookfield from Eurohypo, part of Commerzbank, where he was a managing director and head of advisory. Previously, he held managing director roles at Bear Stearns International and Rothschild Group in London and Paris.
