J.P. Morgan Chase’s hiring of Kurt Stuart as the new head of commercial term lending (CTL) for the northeast region was part of a more extensive hiring spree. The bank also recently added Winston Fant, Michelle Herrick and Julie Thick to its payroll.
As first reported by Commercial Observer, Stuart recently replaced Chad Tredway—now co-head of real estate banking (REB)—in managing the northeast region’s multifamily lending strategy and loan originations. Stuart joined J.P. Morgan Chase in 2015 as a commercial term lending region manager in Southern California and recently moved to the Big Apple to lead a 150-person team covering New York, Boston and Washington, D.C. “We’re in three markets in the North East, and we want to be the lender of choice in all three of them,” Stuart told CO in an interview last month.
Dallas-based Fant will lead commercial real estate treasury services in a newly created role, reporting to Al Brooks, the head of J.P. Morgan Chase’s commercial real estate business. Previously, Fant was the co-head of commercial real estate deposit & payment solutions at U.S. Bank.
“We continue to build a team of exceptional people who are experts in real estate and are driven by our clients’ success and by transforming communities,” Brooks said in prepared remarks. “It’s our goal to provide certainty of execution and exceptional service to our clients in any cycle.”
Herrick has been named market manager for REB central region, reporting to Tredway. Previously, Herrick was a senior client manager at Bank of America Merrill Lynch.
“Commercial Real Estate companies deserve products that will help them manage their cash flow more efficiently and simply,” Tredway told CO. “We’re investing in solutions and services to provide our clients with an enhanced experience and a more convenient way for them to manage their payments and invoices.”
Thick has been hired to lead J.P. Morgan Chase’s REB subscription lending platform, working with institutional investors and fund sponsors on strategic real estate investments. Based in Chicago, Thick reports to Priscilla Almodovar, co-head of REB with Tredway.
“Top talent wants to be on a winning team,” Almodovar said. “We’re building on this momentum by continuing to hire seasoned real estate experts that will bring tremendous value to our business, clients and communities.”