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Citi institutional clients group hires new head of real estate

Citi institutional clients group has announced that Thomas Flexner will join the firm as the new global head of real estate.

Mr Flexner will be responsible for directing commercial real estate activities across investment banking, commercial real estate finance and Citi alternative investments.

Mr Flexner will report to John Havens, CEO of Citi institutional clients group, and will join the firm’s management committee.

Mr Flexner was most recently a vice chairman with Bear Stearns, where at various times he oversaw all of the firm’s commercial real estate activities including real estate, commercial mortgages, and principal investing.

Mr Havens said: Streamlining all of our real estate activities under Tom’s leadership will improve the way we serve our clients, as well as help Citi optimize growth opportunities and manage risk more effectively.