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Mr. Banoff is Vice Chairman of Ferguson Partners, based in the firm’s Chicago office. As co-leader of the firm’s Compensation Consulting group, Mr. Banoff designs compensation programs that drive business strategies and create value for shareholders. He partners with Compensation Committees and executive management to implement effective and strategic compensation plans, conducts organizational and broad-based benchmarking, negotiates and structures employment agreements/severance policies, advises on key transactional related matters across IPOs and internalizations, and consults on a variety of corporate governance-related matters. Over the course of his career, Mr. Banoff has completed more than 1,000 client assignments across various compensation matters focused within all facets of the real estate industry.
After joining Ferguson Partners in 2002, Mr. Banoff built an extensive profile of clients that encompasses both the leading market share of public REITs and, separately, a variety of private real estate companies. He has overseen the firm’s survey team and the two largest real estate compensation surveys that Ferguson Partners conducts each year, partnering with both NAREIT® and REALPAC. Mr. Banoff frequently provides expert commentary for media outlets and research publications; in the past, he has been cited in The Wall Street Journal, Commercial Property Executive, National Real Estate Investor and the S&P Global, among others.
Mr. Banoff earned his Bachelor’s degree in Finance with honors from the University of Illinois’ Gies College of Business. He is also a member of WorldatWork and the National Association of Stock Plan Professionals (NASPP). In his limited free time, Mr. Banoff enjoys outdoor running, playing drums, coaching baseball, traveling, spending time with his family and, last but not least, a nice glass of Cabernet!