CBRE’s Richard Dakin to Retire
CBRE’s Head of Investment Banking and Debt & Structured Finance will retire in December
Global real estate advisor, CBRE, has today announced that Richard Dakin, Head of its European Investment Banking & Debt & Structured Finance business will retire in December. Effective 1 July 2024, he will assume a part-time role supporting the established Investment Banking and Debt & Structured Finance leadership team.
The decision by Richard to step down marks the close of a highly successful 42-year career in banking and real estate finance. Over the past nine years, Richard has spearheaded the growth of CBRE’s financial capabilities through the growth of its Investment Banking and Debt & Structured Finance business in the UK and across Europe. He has grown the team substantially and has overseen the appointment of some key strategic hires, most recently supporting the global integration of the investment banking team from Sera, a leading global independent real assets advisor. He has also served as a member of CBRE’s UK Executive Committee and Strategy Board and chaired the Risk Committee.
Richard joined CBRE following a 32-year career at Lloyds Banking Group where he was Managing Director and head of the real estate business support unit. He played a critical role in managing the group’s non-core commercial real estate assets in the height of the Global Financial Crisis, leaving the group in 2014.
I want to take this opportunity to thank Richard for his significant contribution to the ongoing success of our UK business. Not only has he been an inspirational leader to many across our business, but he has led the growth of our Investment Banking and Debt & Structured Finance business through one of the most challenging and uncertain periods the real estate and financial markets have ever experienced. He has been integral in enabling CBRE to deliver a holistic, full-service Capital Markets offering to clients, unrivalled by any of our peers.
