TPG RE CEO Greta Guggenheim leaves

  • Push-out Score determined
  • After about five years in the position
  • Praise for Guggenheim
  • Search for a successor
  • Guggenheim kept it short and said 33 words

(exechange) — New York, February 24, 2021 — Greta Guggenheim, chief executive of TPG RE, leaves. As announced by TPG RE Finance Trust Inc. in a news release and in a regulatory filing published on Wednesday, February 24, 2021, Greta Guggenheim leaves her post as chief executive officer at the commercial real estate finance company after about five years in the role, effective March 31, 2021.

TPG RE will undertake a search for a successor.

Matthew Coleman will assume day-to-day responsibility for the Company’s management in his capacity as president, effective immediately.

No reason given

In the announcement, TPG RE did not explicitly explain the reason for Greta Guggenheim’s move, leaving room for speculation.

Precise information regarding Greta Guggenheim’s future plans was not immediately available.


TPG RE said: “Greta Guggenheim will retire from her role as the Company’s Chief Executive Officer and Board Member, effective March 31, 2021.”

TPG RE further said: “On February 24, 2021, Greta Guggenheim notified the board of directors (the “Board”) of the Company of her retirement from her role as chief executive officer and director of the Company, effective March 31, 2021.”

Share price decline since February 2020

The announcement follows a decline in TPG RE Finance Trust Inc.’s share price of 46% since February 2020.

In the position of CEO since 2016

Greta Guggenheim became CEO of the Company in 2016.

Greta Guggenheim has served as one of the Company’s directors since February 2016 and as the Company’s chief executive officer and president since January 2016.

Guggenheim is also a partner of TPG and TPG Real Estate and the Company’s Manager and the chair of the Company’s Manager’s investment committee.

Guggenheim was a co-founder of Ladder Capital Corp. (NYSE: LADR) (“Ladder”) and was president of Ladder from its formation in October 2008 through June 2012 and was appointed chief investment officer in June 2012.

Prior to forming Ladder, Guggenheim served as a managing director and head of origination at Dillon Read Capital Management (“DRCM”), a wholly-owned subsidiary of UBS AG, from June 2006 to June 2007.

Before joining DRCM, Guggenheim served as a managing director in originations at UBS from May 2002 to June 2006.

Prior to joining UBS, Guggenheim served as a managing director at Bear Stearns & Co. from October 2000 to April 2002 and previously worked in real estate investment banking and commercial real estate lending at Credit Suisse and Credit Suisse First Boston from 1986 to 1999.

Guggenheim has a total of 32 years of experience in commercial real estate finance.

Guggenheim earned a B.A. in Economics and Spanish Literature from Swarthmore College and an M.B.A. from The Wharton School of the University of Pennsylvania.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding Greta Guggenheim’s move on a scale of 0 to 10.

exechange reached out to TPG RE and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 9.2021 ($).