Real estate services firm JLL has launched a new investment banking division and hired veteran investment banker Derek Dermott to lead the Canadian team. JLL Canada president Brett Miller commented: "When you look at the services that JLL offers as a commercial real estate firm, investment banking expertise is the logical addition. Although it has not been done in Canada, we feel that the synergies that result from the wide array of other services we provide will result in a competitive advantage and more comprehensive solutions for our clients.” Following a proven model that has been implemented in many of JLL's other jurisdictions – namely Europe and Asia – the practice will offer real estate clients a broad range of financial services, including mergers and acquisitions advisory, corporate finance and structured transactions for all property types.
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