Goldman Sachs has named Simon Wheatley as the new head of real estate investment banking. Mr Wheatley will replace Alexi Antolovich, who departed the firm to take up a new role at Macquarie Group.
Previously, Mr Wheatley was the head of the bank’s real estate research in Australia. Andrew McCusker will lead the bank’s newly formed REITs/Infrastructure/Utilities conviction sector, supported by Andrew MacFarlane.
Goldman Sachs said Real Estate Investment Trusts, infrastructure and utilities would all fit under a new team, with Mr McCusker at the helm. Mr McCusker would have lead analyst responsibility for the residential REITs as well as his current Infrastructure & Utilities coverage.
Mr MacFarlane will have lead analyst responsibility for the retail, office and industrial REITs.
The appointment of Mr Wheatley to head up investment banking comes after a raft of changes amongst Australian real estate investment bankers. JPMorgan last month replaced its head of real estate investment banking Tim Ryan with its head of research Rob Stanton. Investment bank Citi will also replace its real estate banking head Simon Ranson with Doug Farrell from the bank’s Asia-Pacific investment banking team.