Savills has appointed Jemma McAndrew from Cushman & Wakefield as a director in its recoveries and receivership team.
McAndrew, who has more than 25 years of experience advising banks, lenders and insolvency practitioners on distressed assets, NPLs and property loan books across all property classes, was a partner in the receivership and recovery solutions team at Cushman & Wakefield.
At Savills, McAndrew will be based in the firm’s Finsbury Circus House office in London and will work within the established team led by Kevin Mersh and Matthew Nagle.
Nick Harris, head of UK and cross border valuation at Savills, said: “Jemma has a fantastic skillset that will enhance the scope and breadth of Savills recoveries and receivership team, particularly at a time when the number of distressed loans is increasing and lenders are seeking experienced professionals to navigate complex and challenging positions with a view to maximising debt recovery.”
McAndrew added: “I am excited to be joining the market leading recoveries and receivership team at Savills. I will continue to be able to offer clients innovative solutions for recovering debt secured on property in a challenging market and will have the benefit of drawing upon the expertise that exists within Savills across all property sectors.”
