Situs grows Bank & Loan Advisory Group with addition of four executives: Johnson, Robertson, Murray and Risdon
June 24, 2013 - Brokerage
Situs, a leading provider of global commercial real estate advisory services, has expanded its Bank & Loan Advisory Group with the appointment of two directors and two VPs. Roger Johnson and Edward Robertson have been named directors, and Brian Murray and David Risdon have been appointed as VPs.
As the regulatory environment continues to evolve and put pressure on banks, real estate loan portfolios need to have accurate data with realistic asset valuations, especially as the portfolios become more complex. In order to meet this demand, Situs' Bank & Loan Advisory Group continues to expand its capabilities and services. In their new roles, Murray and Risdon will be responsible for all aspects of engagement management, including the underwriting and valuation of commercial real estate, commercial and industrial loans and cash flow modeling for bank recapitalization, M&A and loan acquisition assignments. Johnson will be primarily focused on business development, leveraging his extensive sales experience and industry reputation. Robertson will be directly involved in both the strategic direction of the business and overseeing quality control for the business unit.
"Banks are faced with high costs to comply with regulations while the smaller firms are struggling to endure this burden," said Kenneth Segal, Managing Director and head of Situs' Bank & Loan Advisory. "We have been focusing on expanding our capabilities, execution and counsel to provide valuation and advisory services to our clients. The wealth of knowledge these four individuals bring to our group is indispensable and each executive will add significant value and thought leadership to our team."
Robertson joins Situs from Clayton Holdings, where he spent five years as Managing Director, Commercial Services Division. During his time at Clayton Holdings, Robertson created and led a profitable commercial business servicing all aspects of financial services. Johnson has spent the past 18 years in the financial services industry, focusing for the last five years on distressed community banks. Most recently, Johnson served as Managing Director and Business Development Officer at Garrison Investment Group. Risdon was the Commercial Services Underwriting Manager at Clayton Holdings and led contract underwriting teams on bank recapitalizations and M&A assignments. Murray has been in the industry for almost ten years, with the majority of his experience the investment bank, Keefe, Bruyette & Woods, as Vice President and Head Underwriter in the Loan Portfolio Strategies Group.
Situs' Bank & Loan Advisory Group serves as a trusted advisor to global investment banks, financial advisors and government regulators, and has supported hundreds of investment banking transactions in excess of $100 billion through its expertise in credit, lending, capital markets, asset management, disposition and resolution strategies. The firm also advises banks, private equity firms and REITs in portfolio loan sales in the U.S. and Europe.