CBRE expands global team

The LA-based real estate firm has made three senior appointments for its global multi-manager business, two in London and one in Boston.

Real estate investment management firm Richard Ellis has made three senior appointments to its global multi-manager business team, the latest in a series of senior-level hires for the firm.

Ian Gleeson will be joining the London office as chief investment officer, where he will have overall investment responsibility for the GMM investment programs. Gleeson was previously with Morley Fund Management, where he was head of international property multi-manager. He has held previous positions in real estate over the past 14 years, including head of property at the National Pensions Reserve Fund of Ireland, where he was responsible for its real estate program.

Stuart Savidge has also been hired for the London office, as a finance director. Savidge is currently Finance Director for Prestbury Investment Holdings, a UK real estate operator and fund manager. Previously, Savidge 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.

In the United States, Scott Brown will be joining the firm’s Boston office as managing director for the Americas.  He will lead the American operations and will be responsible for developing the investor client base in the region and managing the firm’s US investments, as well as those in Canada, Mexico and South America. Brown was formerly a principal and head of global real estate at Ennis Knupp & Associates, a US multi-asset consulting firm, where he established the real estate practice and advised on $18 billion of investments in real estate.

The recruitments follow a number of appointments for the firm over the past year.  Last year the firm hired Adrian Baker as managing director for Asia and Alex Crossing as a professional in the Singapore office. In addition, Schalk Visser was recently hired for CBRE Investors’ investor services team in London. Earlier this month, CBRE Investors hired Frank Scavone as a senior manager.

Formed in 2006, CBRE’s global multi-manager business manages three funds of funds with $5 billion (€3.1 billion) of assets under management.