Senior director at Lambert Smith Hampton made redundant

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Lambert Smith Hampton’s head of capital markets has been made redundant.

John Knowles left the company on Friday last week. He is now understood to be reviewing other employment opportunities in the coming weeks.

Knowles joined LSH from DTZ in 2010.

As a result, Ezra Nahome, chief executive at LSH, will also head up the capital markets team as well as being chief executive.

Last week Propertyweek.com reported that LSH had moved a step closer in completing its ongoing restructure after Sankaty Advisors, the company’s main lender, agreed to take a 20% equity stake in the business. However, LSH told Property Week Knowles’ departure and the restructure were unrelated.

Richard Surgett, chief operating officer at LSH said:

“We have restructured that team and Ezra is picking up the lead in that department directly and unfortunately as a result John has been made redundant.

“As a business we are constantly striving to run our operation efficiently and that occasionally leads to some roles being made redundant.

“This is in no way connected to the ongoing restructuring, it is part of our normal operational plans and is about us managing the business prudently and efficiently as we always have done through these challenging times.”

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