Peter Denton has resigned from his position as senior vice president and head of debt at Starwood Capital.
He is leaving the firm at the end of the year to join a property-related not-for-profit organisation as chief financial officer.
Denton joined Starwood in 2012 and was instrumental in the £228.5m IPO of its real estate debt fund Starwood European Real Estate Finance later that year. Prior to that he was one of Europe’s best known real estate bankers, having been head of real estate banking in the UK at BNP Paribas, head of London at WestImmo, managing director of EMEA real estate at Barclays as well as doing stints at Deutsche Bank and Eurohypo (now Wells Fargo).
Much of Starwood’s lending efforts in Europe are driven by Duncan MacPherson, senior vice president and head of capital markets for Europe. Denton’s role has evolved since he joined the firm in 2012 and has been steadily concentrating more on buying non-performing loans.
Chairman of Starwood European Real Estate Finance, Steve Smith, said: ‘We wish Peter well in his new role. Alternative real estate lending is now an established and permanent part of the market with strong short to long term prospects. The board believes that with the highly rated and successful team at Starwood Capital, the prospects for the company are extremely bright.’