Citigroup has hired Thomas Flexner as global head of real estate. Flexner comes to Citi from Bear Stearns, where he recently served as vice chairman overseeing commercial real estate and the financial buyers group.

Flexner will be a part of the Institutional Clients Group, supervising Citi’s commercial real estate operations within Citi Alternative Investments. He reports to John Havens, ICG chief executive.

"Streamlining all of our real estate activities under Tom's leadership will improve the way we serve our clients, as well as help Citi optimize growth opportunities and manage risk more effectively," Havens said. "Tom joins Citi with more than 30 years' experience in commercial real estate finance and investing, and he is an important addition to the strong bench of industry leaders we have throughout the firm."

Prior to working at Bear, Flexner was executive vice president and co-head of investment banking at Eastdil Realty and has worked for AT&T, Booz Allen and Cook Flexner.

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