[6] After graduating, he worked as a structural engineer in Romania; his first job was designing pump stations for a state-run business.
[4] He was determined to leave the country, then under the control of Nicolae Ceaușescu's Communist Party, and so in 1975 Iacobescu used contacts in the West to escape to Montreal, Quebec, Canada.
[4] On arrival in Canada he started in the property industry, and from 1975 to 1978, was construction director of Homeco Investments, a German-Canadian joint venture in Montreal and Toronto working on landmark buildings throughout North America.
In 1988, Iacobescu moved to London as senior vice-president of Olympia & York, to oversee the construction budget and delivery of the Canary Wharf project.
In June 2011, 10 Downing Street announced that the Prime Minister would be re-appointing him to this post for a period of four years from 1 July 2011.
[11] In addition to this role he is Vice-Patron of the Royal British Society of Sculptors,[12] a Patron of Jewish Care and the Community Safety Trust, and was founding Co-Chairman of Teach First.
In August 2019, Iacobescu announced he would step down as CEO of Canary Wharf Group and take up the role of executive chairman.