Eurohypo, the German real estate investment bank jointly owned by Deutsche Bank, Commerzbank and Dresdner Bank, announced today that it has hired Philip Ward, a senior managing director from Bear Stearns, as head of its advisory business. He joined as a managing director at the end of May.

Ward, a former Rothschild banker who was European head of real estate, gaming, lodging and leisure at Bear Stearns in London, joined the US bank in October 2001 and left in February.