3 Goldman Execs Defect to Deutsche Morgan

Commercial Mortgage Alert, January, 1997

Looking to expand its real estate presence, Deutsche Morgan Grenfell has raided three senior executives from Goldman Sachs.

Mike Offit, Steve Stuart and Roger Wittlin all joined Deutsche Morgan last week. Since the beginning of the year, six Goldman real estate specialists now have jumped ship, including Mike Fascitelli, who was co- head of the real estate department.

The defections have left Goldman scrambling to fill positions. Before the latest departures, Goldman was seeking to add three people to its commercial MBS area. Now it is on the prowl for a total of six specialists to help structure transactions, including a $1 billion large-loan securitization that the investment bank is actively working on. Because of some reorganizing, the new hires will not...

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