Prime Goldman Sachs actual property banker Todd Eagle has give up the David Solomon-led agency, The Put up has discovered.
Insiders informed The Put up his title has been scrubbed from the financial institution’s inner workers listing and that he’s set to hitch smaller Wall Road rival Jefferies, the place he’s anticipated to change into the US head of actual property banking.
He’ll report back to Michael Bluhm, who’s the worldwide head of actual property, gaming & lodging on the Wealthy Handler-run financial institution, sources stated.
Nevertheless, Eagle’s profile with US regulator FINRA is but to be up to date together with his departure from Goldman’s decrease Manhattan headquarters at 200 West St.
Spokespersons for Goldman Sachs and Jefferies declined to remark.
Goldman’s actual property crew counselled Stephen A. Schwarzman’s Blackstone, an asset administration agency, when it snapped up GLP’s logistics portfolio for $18.7 billion in 2019.
Managing director Eagle, a 56-year-old Harvard MBA graduate, first joined the US funding financial institution as an analyst in 1990.
“What makes a great investment banker is being able to think in the shoes of your clients,” Eagle was quoted as saying in an August 2020 profile for the Enterprise Insider web site.
Eagle has twice briefly left Goldman Sachs: as soon as in 1999 to pursue his enterprise college schooling and once more in 2005 to concentrate on actual property funding alternatives, solely to rejoin as a managing director a yr later.
Upon commencement from Harvard, he got here again to the financial institution and have become a member of the actual property crew as an affiliate, and after 4 years in New York, relocated to London.
It was within the British capital that Eagle grew to become a vp and headed Goldman’s European actual property funding banking unit for 4 years.
He suggested each private and non-private actual property and resort firms on mergers, acquisitions, and financing alternatives.
