Situs said Oct. 27 that it hired Christian Bearman as CEO of Situs Europe, effective 1st February 2017. Bearman also joins the Situs Group Executive Management Team. Bearman was previously Head of Corporate Development & Operations at Valad Europe. Stone Point Capital owns Situs.
LONDON–(BUSINESS WIRE)–Situs, the premier global provider of strategic business solutions for the finance and commercial real estate industries, today announced it has hired Christian Bearman as CEO of Situs Europe, effective 1st February 2017. Mr. Bearman also joins the Situs Group Executive Management Team. Situs is owned by funds managed by Stone Point Capital and the company’s senior management team. Stone Point is a leading private equity firm based in Greenwich, Connecticut and has raised $13 billion in aggregate capital commitments.
Based in London, Mr. Bearman will be responsible for the development and continuing operation of Situs’ business in Europe which has €40bn in assets under management, as well as playing a critical role in the expansion of Situs global presence. Mr. Bearman will report to Nick Rudenstine, President of Situs Group.
“Bringing in Christian is an exciting next step in Situs’ global expansion. Our European operations have never been better positioned, and Christian is the right person to lead our continued growth,” said Mr. Rudenstine. “Christian brings extensive experience in building businesses and scaling operations, and has a unique understanding of how the European market is evolving. We look forward to working with Christian to provide the services and solutions required to help our clients grow their bottom line, both in the European market and globally.”
“I am very excited to join a vibrant and growing company like Situs and to work with the Situs team which has an excellent reputation worldwide. The European market is in a state of transition and with transition comes opportunity. I believe Situs is well positioned for strong growth through both new business success and targeted corporate acquisitions,” said Mr. Bearman. “Our strategy will be to continue to build a best-in-class team, actively grow our business across Europe leveraging the strength of Situs’ global client base, and target attractive complimentary acquisitions to expand the business into new markets and products.”
Christian comes to Situs with a broad and deep understanding of the market gleaned from his 20 years of experience in the financial industry. Prior to joining Situs, he was most recently the Head of Corporate Development & Operations at Valad Europe, a business in which he played a lead role in the executive management team that completed a management buyout of the business with the investment backing of The Blackstone Group in 2011, and grew the business before its successful sale to Cromwell, a A$2bn Australian REIT. He has also worked at Goldman Sachs in the Investment Banking Division and at Lloyd’s Banking Group, where he restructured its €20bn Real Estate Joint Ventures business post the acquisition of HBOS.
Situs is the preeminent advisor to clients around the globe trusted to evaluate, optimize and manage critical assets and securities, from commercial and residential real estate, small and medium enterprise and consumer lending, to credit and store cards. Since 1985, Situs has set the standard in financial services for service, quality and execution. Based in Houston, TX, Situs has offices across the US, Europe and Asia and has been involved in more than $1 Trillion of total real estate deals. A rated servicer with Moody’s, Fitch and Morningstar, Situs has more than $130 billion of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association. In 2016, Situs received a second consecutive “Advisor of the Year” award by Real Estate Finance & Investment magazine, and the “Capital Advisor Firm of the Year” award by Property Investor Europe.