Real Estate Bankers Leave Credit Suisse

Five New York City real estate bankers are leaving Credit Suisse to join a non-bank real estate platform being built by World Class Capital Group, a real estate investment firm based in Texas and founded by 29-year-old Nate Paul.

Credit Suisse, based in Zurich, has lost several investment bankers as a result of last year’s restructuring, which was meant to trim risk-taking and cut back on its securities division.

Paul’s recent hires are part of his plan to build a non-bank real estate debt platform, based in New York, as banks retreat from commercial real estate, according to Forbes.