Pursuits
CS to UBS Property Bankers Said to Start Own Company
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Three real estate-investment bankers at Credit Suisse Group AG, UBS AG and Citigroup Inc. are leaving to start their own company to tap rising demand for property transactions in Germany, three people with knowledge of the matter said.
Citigroup’s Sebastian Fuchs, Credit Suisse’s Christian Schlueter and UBS’s Stefan Bartschat will help run the firm, said the people, who asked not to be identified because the talks are private. The Frankfurt-based company, due to begin operations in January, will advise property investors on mergers and acquisitions, strategy and equity raising, and will include Bernd Janssen, who will be head of research and a founding partner, one of the people said.