Mark Steinert’s Stockland departure may have got the real estate market talking on Monday, but there was also plenty of discussion about his earlier employer, UBS, and that bank’s rival, Goldman Sachs.
New York-based Goldman Sachs banker Ian Taylor, an Australian, is shaping as the favourite to replace Sarah Rennie as Australia and New Zealand head of equity capital markets. Ms Rennie left Goldmans to join Jarden, which this week hired Ben Gilbert from UBS to run its Australian research functions.
At UBS, Greg Peirce is likely to be named co-head of investment banking for Australia and New Zealand when he returns to Sydney from Hong Kong in three months, after working as the global head of mergers and acquisitions.
Mr Steinert took on the job of running the developer Stockland around 2013 after he was global head of product development and management for UBS global asset management.
Sources say Stockland’s head of residential, Andrew Whitson, is the most likely internal candidate to take his job.
Sims could reap windfall from land sales
Some in the market believe that Sims needs to put some more thought towards selling more assets.
Bids due for BGC building materials empire
The contest is well under way for parties to buy the $800m BGC building materials business based in Perth.