Rickert is understood to have left the bank earlier this week, with no immediate replacement to take over his role. Rickert is credited as having played a central part in handling JPMorgan’s effort to manage the sales process of Lloyds Banking Group’s Project Royal, which was won by Lone Star in early December.
In his time at JPMorgan, Rickert has been responsible for EMEA property financing, distressed debt acquisitions, advisory, as well as in commercial property loan origination and securitisation in the years prior to the global financial crisis.
He also played a lead role in the integration of Bear Stearns' European real estate finance team, after JPMorgan rescued the bank from filing for bankruptcy for $236.2m, or $2 a share, in March 2008 less than six months before Lehman Brothers’ stunning collapse.
Rickert joined JP Morgan in 1997, prior to which he spent four years working for a real estate development and investment firm in the US focused on office and retail properties.
Last April, JPMorgan provided a six-month 500m senior bridge loan to ProLogis, the global industrial investor, exclusively to finance ProLogis's purchase of units in ProLogis European Properties, one of Europe’s largest industrial property investors.
JPMorgan was sole lead arranger and book runner on the deal with the deal written by Rickert’s team.
JPMorgan declined to comment.