First Industrial Realty Trust, Inc. announced that Peter Baccile has been named president and will serve as a member of its Board of Directors, effective September 29, 2016.
Baccile brings more than 30 years of management, real estate and financial expertise to First Industrial. He joins First Industrial from UBS Securities, LLC where he served as Joint Global Head of the Real Estate, Lodging and Leisure Group within the firm’s investment banking division since June 2012.
Prior to that, Baccile served in various senior leadership roles during his 26-year tenure at J.P. Morgan. Most recently, he was vice chairman of J.P. Morgan Securities Inc. He also served as co-head of the General Industries Investment Banking Coverage Group which encompassed Real Estate, Lodging, Gaming, Diversified Industrials, Paper Packing and Building Products, and Transportation investment banking. Before that, he served as Global Head of J.P. Morgan’s Real Estate, Lodging and Gaming Investment Banking group for 10 years. During his career, Baccile has been responsible for key customer relationships and more than $250 billion of capital markets and strategic transactions.
Bruce Duncan, chairman and current president and CEO will continue to serve as CEO during a transitional period slated to end December 1, 2016, at which point Baccile will become CEO. Duncan will continue to serve as chairman of the board.
Baccile is a member of the National Association of Real Estate Investment Trusts (NAREIT) and The Real Estate Roundtable where he was past chairman of the Real Estate Capital Policy advisory committee. He is a past trustee of the International Council of Shopping Centers (ICSC) and the Urban Land Institute (ULI). He is also a member of the board of the Fisher Center for Real Estate and Urban Economics at the University of California (Berkeley). He holds an MBA from the Fuqua School of Business at Duke University where he was a Fuqua Scholar and earned his Bachelor of Science degree from Cornell University.