Financial Services >> CEO Interviews >> September 4, 2000
MARC GILBARD is the Managing Director of Moorfield Plc. Mr Gilbard
qualified as a Chartered Surveyor, having studied for a BSc in Estate
Management and is a Member of the Royal Institute of Chartered Surveyors
(RICS). He has worked for Gerald Eve & Company, where he had a variety
of responsibilities including valuation, planning, rent reviews, rating
and taxation, and also at Edward Erdman, where he specialised in
investment and development finance, being promoted to Associate Director
in 1987. Having formed a financial services company for Edward Erdman,
of which he was a Director, one of Marc's responsibilities was to
oversee all property financing initiatives and innovations (equity and
debt securitisation). This resulted in the offer of a position with UBS
Phillips & Drew in 1987, where he became a property equity analyst,
closely involved with many of the late 1980s' take-overs, mergers,
flotations, equity issues and disposals. In 1989, Mr Gilbard was
approached by NatWest Markets (NWM) to become a Director and set up a
property equity research and sales effort. He was also a founding Board
Director of NatWest Markets Property Limited which oversaw all property
activities within the investment bank. During his employment at NWM, in
addition to the responsibilities of an equity analyst, Mr Gilbard was
directly involved in advising the Bank on companies where it had debt
exposure and that were in financial difficulty, together with many
corporate transactions that included flotations, rights issues,
debenture issues, merger and take-over advice, corporate restructuring
and the flotation in the US REIT market of a UK Plc subsidiary company.
In February 1994, Mr Gilbard joined Goldman Sachs International as an
Executive Director to establish a European property equity research and
sales effort, to form closer relationships with the property companies
in origination (i.e. corporate advice) and to advise the Whitehall Real
Estate Fund (WHF) in its investment of proprietary capital in UK and
Europe. Other responsibilities have included multi-disciplined corporate
advice e.g. an advisory role to an asset-rich FTSE 100 company that led
to a restructuring of its world-wide property portfolio into a
subsidiary property company. Mr Gilbard became Managing Director of
Moorfield Group Plc in January 1996. Mr Gilbard has been rated, with
regards to property equity investment advice, in the top three of the
Extel Survey in 1989 and 1991-1993 and the Institutional Investor Survey
1991-1995 (1995 being the last year he was eligible for a vote). He also
sits on the panel that advises the Royal Institute of Chartered
Surveyors (RICS) on the investment of its own capital, together with
having had an advisory role for the RICS on property equity and debt
securitisation. Mr Gilbard has recently joined the policy unit of the
British Property Federation. Mr Gilbard is married with two children,
and his interests include various participatory sports, particularly
martial arts (1st dan black belt in karate and 2nd dan black belt in
kung fu). Profile
Mr. Gilbard: Moorfield has been a public company on the London Stock
Exchange since the early 1990s. However, I took over the
