Grosvenor has appointed Jeffrey Weingarten as CEO of the privately owned property group's fund management business. He succeeds Stuart Beevor as head of Grosvenor Fund Management (GFM) on 17 March.

Weingarten joined GFM as non-executive chairman in September 2010, following two years as a consultant to the business. The role of chairman will
now be resumed by Mark Preston, Group CEO of Grosvenor.

At the same time James Raynor, currently GFM's director, Continental Europe has been appointed to the new role of GFM's chief investment officer.

Robert Davis, currently GFM's Finance director, will become GFM's chief operations officer. These appointments too are effective 17 March 2011.

The pair's existing responsibilities are unaffected by the changes: Raynor will continue to lead GFM's Continental European team and Davis will continue to run GFM's finance team.