Goldman Sachs banker Todd Eagle quits real estate – Business News
Top Goldman Sachs real estate banker Todd Eagle has give up the David Solomon-led firm, The Post has realized.
Insiders informed The Post his title has been scrubbed from the bank’s inside workers listing and that he’s set to affix smaller Wall Street rival Jefferies, the place he’s anticipated to develop into the US head of real estate banking.
Eagle is no longer with Goldman Sachs and is set to affix Jefferies. Todd Eagle / LinkedIn
He will report to Michael Bluhm, who’s the worldwide head of real estate, gaming & lodging on the Rich Handler-run bank, sources mentioned.
However, 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 real estate workforce counselled Stephen A. Schwarzman’s Blackstone, an asset management firm, 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 investment bank 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 Business Insider web site.
Bloomberg by way of Getty Images
Eagle has twice briefly left Goldman Sachs: as soon as in 1999 to pursue his business faculty schooling and again in 2005 to concentrate on real estate investment alternatives, solely to rejoin as a managing director a yr later.
Upon commencement from Harvard, he got here back to the bank and have become a member of the real estate workforce as an affiliate, and after 4 years in New York, relocated to London.
It was within the British capital that Eagle turned a vice president and headed Goldman’s European real estate investment banking unit for 4 years.
He suggested each public and personal real estate and resort firms on mergers, acquisitions, and financing alternatives.
