Property services firm DTZ, has appointed Barclays Capital managing director of UK solutions and structured product sales, Serkan Bektas, as head of its capital markets team.
Bektas follows former Barclays Capital chief operating officer Pail Idzik in moving to DTZ, after Idzik was appointed chief executive last November following the departure of Mark Struckett.
Bektas, who is expected to assume the newly-created title by the second quarter of the year, will be responsible for overseeing DTZ’s three capital markets businesses in Europe, the Middle East and Africa, Asia-Pacific and the Americas.
He will be responsible for the firm’s fund and asset management businesses as well as corporate finance and investment management. According to a spokeswoman at the firm, he will also be the senior point of contact for private equity firms.
Idzik said: “Serkan brings a wealth of experience working with pension funds, insurers and fund managers and will be a valuable addition to DTZ’s executive committee.”
DTZ has turned to the banking sector for its leaders at a time when its shareprice is reeling from a 90 percent fall in value from a year ago. DTZ’s market capitalisation is now just £16 million ($23.34 million; €17.6 million) – under half the £39.8 million it paid for rival property services company Donaldsons in July 2007.