Lloyds’ John Gardiner replaces Richard Buckland at AIG amid flurry of people moves

AIG has replaced Richard Buckland, who left the US insurance lender after one year for Marathon Asset Management at the beginning of last month, with John Gardiner of Lloyds Banking Group.

Gardiner joined at AIG this month as managing director, structured products within AIG Asset Management, and is one of three recent senior departures within Lloyds after Barry Fowler left the recovering bank to join Aviva Commercial Finance as managing director of commercial finance.

Rupert Gill, director in Lloyds’ structured debt syndication team, has agreed to join Hatfield Philips as managing director, head of debt and management advisory, reporting into CEO, Blair Lewis.

Gill previously worked with Lewis at RBS within the bank’s syndication division, before leaving five years ago for Cantor Fitzgerald prior to joining Lloyds in November.  Gill is a former ABN Amro executive director, having worked in New York and London for the Dutch bank for almost eight years prior to its ill-fated acquisition by RBS in the summer of 2007.

Lloyds is in the final stages of recruiting an external replacement for Fowler, with an appointment expected by the end of the month.

Buckland, who joined Marathon to pursue commercial real estate opportunities throughout Europe, previously spent almost six years at UBS, latterly as an executive director in the Swiss bank’s ring-fenced non-core legacy loan division, StabFund Investment Management.

Separately, Philip Moore, who left DRC Capital bound for Goldman Sachs is instead moving to Highbridge Capital Management, the hedge fund wholly-owned by J.P. Morgan Asset Management. 

Moore, who worked DRC Capital and the preceding Duet Asset Management business prior to the management buyout for a combined six years, is expected to join Highbridge Capital in August, deploying capital across stretched senior, through to mezzanine and equity throughout Europe.

Finally, Stephen Leung, who spent 12 years at Land Securities in its treasury department, latterly as director of corporate finance and treasury, has left Kennedy Wilson after three months to be reunited with former Land Securities colleague Ashley Blake, who founded Otium Real Estate this summer.

Otium is a new real estate investment venture targeting leisure real estate, such as leisure parks, parades of restaurants, cinemas, gyms and hotels.


About CoStar News

Finance Editor, CoStar News
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