CBRE Global Investors has appointed James Clifton Brown as chair of its reorganised separate accounts business.
CBRE Global Investors has appointed James Clifton Brown as chair of its reorganised separate accounts business.
The global real estate investment management company said the reorganisation aims to 'meet client demand for cross-border investment'.
The new operating model is designed to harness the existing experience for separate accounts into a coordinated and integrated approach across all regions. The model will enable single and multiple country separate account mandates to be managed in a more streamlined organisation, CBREGI said.
Clifton Brown will chair the new EMEA business line, with John Ozinga joining this board with direct continental European responsibilities, in addition to being country manager for France.
Both men will continue to report to Pieter Hendrikse, CEO EMEA. Michael Ness will continue to run the UK separate account business within the EMEA-wide operation.
Hendrikse: 'The new business line will enable us to benefit from cross-border knowledge and expertise to better support our clients as well as providing a coordinated approach for clients who want to invest on a pan-European basis.'
CBRE Global Investors had $92 bn (€71 bn) in assets under management at end-December 2012. The investment manager takes second place in PropertyEU's Top Investors ranking based on European AUM at end-2011.