Los Angeles, July 10, 2013 – CBRE Group Inc. today announced that Nick Axford, PhD, has been named Global Head of Research, a new position. Dr. Axford is currently Head of Research for CBRE’s Asia Pacific business, and will assume his new global responsibilities immediately.
In this global role, Dr. Axford will have overall responsibility for managing the operations of CBRE Global Research, establishing a strategic plan that supports the company’s priorities and growth agenda, and serving as a resource for clients on global trends affecting commercial real estate.
Raymond Torto, PhD, will become Global Chairman of CBRE Research, and dedicate most of his time and attention to analytical and client service activities, including publishing insightful analysis of market trends and speaking before client and industry groups
“We want to advance CBRE’s position as the leading authority on commercial real estate globally,” said Chris Kirk, CBRE’s Chief Administrative Officer. ”The creation of this new position and Nick’s appointment are key steps toward that goal. He and Ray are longtime colleagues who, working together, will help to further advance CBRE’s reputation for critical thinking and insight on commercial real estate trends worldwide.”
“Nick has done an excellent job in leading our research efforts in Asia Pacific since 2010. He has built a strong team across the region, and he will remain highly engaged in ensuring that they continue to produce first-class research and analysis for our clients,” Mr. Kirk added.
A 23-year veteran of the real estate industry, Dr. Axford led CBRE’s Research team in Europe, the Middle East & Africa from 1998 to 2010. As a longstanding member of CBRE’s Global Research & Consulting Executive Committee, he has also been a vital contributor to the development of implementation of global standards and best practices across CBRE’s research platform.
Dr. Axford is a graduate of Southampton University in the U.K., where he earned his Bachelor and Doctorate degrees. He is an active participant in many of the real estate industry’s leading organizations, and is a frequent contributor to major conferences and media coverage on real estate topics.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.