Tim Keast has joined Situs as executive managing director. He heads a new division, focused on due diligence and risk advisory for residential, consumer, SME and other structured finance products, according to a company press release.
In his new role, Keast will lead the company’s expansion into Southern Europe, including Italy, Greece and the Balkans. He will also continue to build on the efforts of the joint venture between Situs and Lindorff, one of the leading outsourced receivables management company in Europe.
He will be based out of Situs’ European headquarters in London, where will work under Bruce Nelson, Chief Operating Officer of Situs.
Keast was previously a chief executive at Clayton Euro Risk, a subsidiary of Clayton Holdings for six years. He left the company in June 2013 to start Keast Consulting Ltd.
Globally, Situs has over 71 billion ($89.6 billion) in primary servicing and asset management, and is one of the largest third-party servicers in Europe.
In 2011 the company was acquired by mortgage-bond pioneer, Lewis Ranieri through his Helios AMC company. Since the beginning of 2012, it has been named the primary and/or special servicer on several commercial mortgage backed securitizations including Deco 2014 Gondola, Pangaea Funding 1 plc, GRF2-2013, Debussy DTC plc, Taurus 2013 GMFI plc, Florentia Limited, Deco 2013 CSPK Ltd and Deco 2012 MHILL Ltd transactions. As special servicer, it is responsible for over 700 million of troubled assets in Europe.