Morgan Stanley banker in Lend Lease move

Another investment banker is leaving the industry to work for a listed real estate company.

Morgan Stanley's Sydney-based managing director Paul Snushall is joining construction giant Lend Lease as head of integrated solutions and takes his gardening leave from the bank as of next week.

Other recent departures from local real estate investment banking teams into listed property companies include Darren Rehn and Simon Shakesheff, who both joined Stockland last year from Bank of America Merrill Lynch.

And this month it emerged that Credit Suisse's second in charge of real estate, Chris Bedingfield, will leave the group to join former Deutsche investment banker Justin Blaess in launching a funds management business.