Michael Prew
About Michael Prew
Michael Prew is the Managing Director at Jefferies LLC, recognized for his influential role in real estate and notable market predictions. He has held significant positions at Nomura International, Lehman Brothers, Citi, and Credit Suisse, and holds degrees from Imperial College London.
Title
Michael Prew holds the position of Managing Director at Jefferies LLC, a role he has occupied since 2011. He has extensive experience in managing director roles at various prestigious financial institutions.
Current Role at Jefferies LLC
Since 2011, Michael Prew has been the Managing Director at Jefferies LLC in London. Under his leadership, the firm has successfully raised over $7 billion for real estate clients, including notable companies such as Tritax Big Box, EuroBox, and Globalworth.
Previous Experience
Michael Prew's professional journey includes managing director roles at Nomura International plc (2008 to 2011), Lehman Brothers (2006 to 2008), and significant tenures as Executive Director at Citi (2001 to 2006) and Credit Suisse (1996 to 2001), all based in London. These roles have established him as a seasoned expert in the finance and real estate sectors.
Educational Background
Michael Prew attained his Master of Science (MSc) from Imperial College Business School in 1970. He also holds a Bachelor of Science (BSc) Hons in Mechanical Engineering from Imperial College London, achieved in 1970. His academic excellence was recognized with the Ford Prize during his Master's degree.
Notable Market Predictions
Michael Prew has made several significant market predictions. In 2007, he made a notable SELL call titled 'The End of the Gold Rush' predicting a downturn in REITs. His contrarian BUY call in 2009 'Don't Look Now' resulted in a 100% increase in REITs within six months. In 2011, he initiated a sector BUY call 'Protected Species' leading to another 100% increase over four years. His SELL call in 2015 'Punctuated Equilibrium' resulted in a 50% decrease, while his BUY call in 2020 'Cannibalism in an Overcrowded Sector' led to a 50% increase in REITs.
Affiliations and Contributions
Michael Prew is actively involved in the real estate sector beyond his corporate responsibilities. He holds an Honorary Membership with the Royal Institution of Chartered Surveyors (RICS) and advises the Bank of England Commercial Property Forum. Additionally, he contributes to the RICS Independent Real Estate Investment Valuation Report's Expert Advisory Group.
Industry Recognition
Michael Prew is recognized as one of the top 'Power 100' most influential people in real estate. His impactful contributions to the industry, both through his professional roles and advisory positions, have cemented his reputation as a thought leader in the real estate investment sector.