CREFC Europe has confirmed today that Lloyds Bank Commercial Banking’s Madeleine McDougall will become the real estate finance trade association’s next chairman.
McDougall has joined the board and will begin her one-year term on 9 November 2015, the first day of CREFC Europe’s Autumn Conference.
McDougall is presently Lloyds Bank’s Head of Institutional Clients in the Commercial Real Estate business. As part of this role she works with financial sponsors, investment managers, sovereign wealth funds, insurers and other money managers active in real estate.
She joined Lloyds Bank last November from Deutsche Pfandbriefbank, where she led the International Client team in the UK.
McDougall has signalled a desire to focus on:
- Supporting education initiatives and greater diversity across the sector
- Improve the consistency and efficiency of real estate finance transactions through implementation of best practice protocols
- Clarity on, and effect of, the changing regulatory environment
- Build upon our relationship with other industry bodies
Deutsche Pfandbriefbank’s Andreas Wuermeling, head of loan markets real estate and public finance, will remain as CREFC Europe’s chairman until 9 November 2015. He will remain on the Board for another year as Immediate Past Chairman.
Andreas Wuermeling, current Chairman of CREFC Europe, said: “It’s great to welcome Madeleine to CREFC Europe as the new chairman-elect. I’m sure Madeleine will continue to expand CREFC Europe’s reach and drive forward engagement with institutions, regulators and other key stakeholders involved in commercial real estate finance.”
Madeleine McDougall, the incoming Chairman of CREFC Europe said: “Firstly, I’d like to thank Andreas for all his work as chairman of CREFC Europe. My priority will be to carry on that work to enhance the health and wellbeing of Europe’s commercial real estate finance industry.
Peter Cosmetatos, Chief Executive of CREFC Europe said: “I’m delighted to welcome Madeleine as our new chairman and look forward to working with her closely to promote commercial real estate finance in Europe.”
CREFC Europe has an ongoing commitment to serve market participants in the CRE finance markets, including the market for securitised CRE debt. Helping the industry to engage collectively in an effective way with borrowers, debt investors and regulators is an essential part of that.