SINGAPORE Oct 20 Bahrain investment bank
Arcapita has hired a former Lehman Brothers' real estate
executive to lead its Asian property team in Singapore, the
bank said on Monday.
Blake Olafson joins Arcapita after serving collapsed bank
Lehman as its senior vice president for its global real estate
group focusing on Southeast Asia. He has over 15 years of
experence in the Asian real estate business.
Olafson will focus on building Arcapita's real estate
portfolio in Asia, Japan and Australia, the statement said.
A number of Lehman investment bankers have left the U.S.
bank after it filed for bankruptcy last month and the
departures have not stopped even after its Asian unit was taken
over by Japan's Nomura Holdings (8604.T).
(Reporting by Saeed Azhar; Editing by Neil Chatterjee)