CBRE Investors announces significant expansion of its Global Multi-Manager business

CB Richard Ellis Investors (US)Company

CBRE Investors announces significant expansion of its Global Multi-Manager business
Tuesday 15 July 2008 CB Richard Ellis Investors announces three senior appointments to its Global Multi-Manager (“GMM”) business. The appointments are the latest in a series of senior-level hires made by GMM giving the business a physical global presence across Europe, Asia and North America.
Ian Gleeson joins the team as Chief Investment Officer. Based in London, Ian will have overall investment responsibility for the GMM investment programmes. Ian joins from Morley Fund Management where he was Head of International Property Multi-Manager, with responsibility for global mandates. He has over 15 years of industry experience and has held senior positions including Head of Property at the National Pensions Reserve Fund of Ireland, where he was responsible for its real estate programme. Ian brings extensive experience investing in real estate funds in Europe, North America and Asia across the full risk spectrum. He is also an active member of INREV, the industry organisation for indirect real estate investment, where he has served as Chairman of the Investor Platform, was a member of the INREV Management Board and is currently a member of the INREV working group reviewing investment style definitions. Scott Brown, CFA, is joining GMM as Managing Director, Americas. Based in Boston he will lead the American operations and will be responsible both for developing the investor client base in the region and GMM’s investments in the US, Canada, Mexico and South America. Scott was formerly a Principal and Head of Global Real Estate at Ennis Knupp + Associates, a leading US multi-asset consulting firm, where he established the real estate practice and advised on $18 billion of investments in real estate. Scott formerly chaired the performance measurement committee of the National Council of Real Estate Investment Fiduciaries (NCREIF) and is currently a voting member of NCREIF’s REIS Council. Further, Scott is a member of the Research Committee at the Pension Real Estate Association, and is currently the Co-Chair of the CFA Institute’s IPC, GIPS Real Estate Update Sub-committee. Stuart Savidge is joining GMM as Finance Director, based in London. Stuart is currently Finance Director for Prestbury Investment Holdings Ltd, a UK real estate operator and fund manager. Previously, Stuart lead the finance team of the European real estate group at JP Morgan Asset Management and before that was Financial Controller with Apollo Real Estate Advisors. The appointments mark a significant expansion of CB Richard Ellis Investors’ GMM business and follow the recruitment last year of Adrian Baker as Managing Director, Asia and Alex Crossing (both based in Singapore). In addition Schalk Visser has recently joined CBRE Investors’ Investor Services team in London, with responsibility for coordinating fund of funds capital raising and GMM client service. Formed in 2006, GMM manages segregated accounts and three funds of funds investing in unlisted property funds, with $5 billion of assets under management. Historically GMM’s client base has been predominantly UK/European. The enlarged team will offer global investment solutions to clients domiciled in all three global regions. Commenting on the announcement, Jeremy Plummer, Managing Director of GMM, said: “CBRE Investors is delighted to announce these senior level appointments. The addition of a North American capability coupled with the recruitment of Adrian Baker to head up GMM’s Asian operation in Singapore last year gives GMM a global physical presence. Ian Gleeson, Scott Brown and Adrian Baker bring a wealth of global indirect investment experience. I believe we have built the strongest team in the real estate multi-manager / fund of funds industry. With our access to CBRE global platform, we are uniquely well-positioned to offer global investment solutions to our investors and partners located all over the world.” Source: Citigate

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