Hatfield Philips International (HPI), one of Europe’s largest independent commercial real estate loan servicing firms, this morning confirmed the hire of Rupert Gill and Karen Travis and the establishment of the firm’s new debt advisory and transaction management business.
Gill and Travis will join HPI/LNR Partners Europe as managing director and vice president, respectively, in September. Together, Gill and Travis bring more than 25 years of industry experience to HPI/LNR, it was confirmed in a statement this morning.
Gill, who joins from Lloyds Banking Group were he is currently director in the bank’s structured debt syndication team, will lead the firm’s new debt advisory and transaction management business and Travis will be responsible for leading the firm’s marketing and business development activities.
Travis will join HPI from Morgan Stanley where she spent six years as an investor relations, business planner and development specialist
Since the beginning of 2014, HPI has added more than $1.75bn of assets under management (AUM) to its loan servicing book. In total, the firm has boarded 18 performing and non-performing loans (NPL) and been appointed servicer on five bilateral mandates.
HPI confirmed that it plans to board 48 additional loans by the end of July and also provided due diligence and advisory services on nine NPL deals totaling more than $25bn and co-invested in two NPL transactions. The loan servicing firm is in the process of finalising another co-invest opportunity on an NPL portfolio.
“We have accomplished a great deal over the first half of the year including growing our loan servicing book, winning new servicing mandates, providing underwriting and due diligence services on a greater number of NPL transactions and co-investing in NPL transactions to create an alignment of interest with our clients, which is a key differentiator for us,” said Blair Lewis, chief executive officer of HPI in a statement.
“This progress reflects the plan we have in place to further solidify our position as Europe’s premier loan servicer is working. We will continue to evolve as a company by leveraging our industry leading underwriting, work-out and real estate knowledge to build a complementary debt advisory and transaction management platform.
“This approach not only diversifies our revenue streams, it allows us to create incremental value for our current clients and opens the door for new business opportunities with banks, non-bank lenders and debt investors.
“I am confident the addition of Rupert and Karen, two highly experienced industry professionals, to our management team will help advance our strategic objectives and create a stronger, more nimble organization overall.”
Hatfield Philips International is one of Europe’s largest primary and special servicers with over £15bn assets under management. Hatfield Philips is a subsidiary of LNR Property, a United States-based real estate investment, finance, management and development firm, which was acquired by Starwood Property Trust in April 2013.