CBRE Group, Inc. Announces Senior Leadership Changes in its Real Estate Investment Businesses
| March 15, 2016
CBRE Group, Inc. (NYSE:CBG) today announced senior leadership changes in its real estate investment subsidiaries, CBRE Global Investors – a global real estate investment management firm – and Trammell Crow Company – a U.S. real estate development services business. The announcement was made by Bob Sulentic, CBRE’s President and Chief Executive Officer.
Matt Khourie, who has served as CEO of CBRE Global Investors for the past six years, has been named CEO of Trammell Crow Company. This move marks a return to the real estate development business for Mr. Khourie, who was a senior leader at Trammell Crow Company for 29 years before joining CBRE Global Investors in 2009.
“Matt has made many vital contributions to Global Investors during his tenure as CEO, including delivering strong investment performance for its clients and expanding its footprint,” Mr. Sulentic said. “He is particularly well-suited to lead our Trammell Crow Company business. He is returning to a business where he enjoys tremendous relationships, having been an extremely successful executive at the firm for many years.”
Ritson Ferguson has been named CEO of CBRE Global Investors. Mr. Ferguson has served on Global Investors’ Global Investment Committee since 2011 and as Chief Investment Officer since 2015. He will also remain as CEO of CBRE Clarion Securities, the company’s real estate securities business.
“Ritson is the ideal successor for Matt,” Mr. Sulentic said. “He has outstanding investment acumen, experience running global strategies and producing great outcomes for our clients, as well as a deep understanding of the Global Investors business, including leading firm-wide investment strategy and execution as CIO.”
Danny Queenan, who was named COO of CBRE Global Investors in August 2015 and also served as CEO of Trammell Crow Company since 2011, will now concentrate the vast majority of his time and energies on running CBRE Global Investors’ operations and strategic initiatives. Although he will not have a day-to-day role in Trammell Crow Company, he will remain active in this business at a strategic level, serving on its Board of Directors.
“Danny has done a superb job of running Trammell Crow Company and now Global Investors will benefit from the increased time and attention he can devote to the business,” Mr. Sulentic said.
“We are very excited to have Matt, Ritson and Danny in these roles,” Mr. Sulentic added. “Their responsibilities reflect the depth of our senior leadership talent and allow us to capitalize on the skills and experience of three accomplished real estate investment executives. This is consistent with our efforts to deliver great results for clients, employees and shareholders.”
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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.