Liquid real estate Issue 05
Deutsche Bank prunes commercial property
Deutsche Bank has cut back staff numbers in its European commercial real estate business, letting go at least 16, including some senior management. Paolo Massi, managing director of commercial real estate for Europe, the Middle East and Africa, was let go at the end of January, as was Morgan Garfield, managing director and head of UK conduit lending. John Nacos, head of commercial real estate, Europe, remains at the bank.
