 He became Deputy Chief executive of the Canary Wharf Group when it was formed in 1995, and Chief Executive in March 1997.In June 2011, Iacobescu was also appointed chairman of the Canary Wharf Group replacing Sir Martin Jacomb who retired; he holds both chairman and CEO positions.During his time at Canary Wharf, Iacobescu has participated in the development and construction of more than 30 buildings.