CBRE GI taps COO for president

Danny Queenan, who has been COO since 2015, has moved up to president.

CBRE Global Investors (GI) has appointed Danny Queenan as president, the Los Angeles-based investment manager said on Tuesday.

The new role expands Queenan’s duties from chief operating officer, a position he has held since August 2015, to include responsibility for CBRE GI’s regional businesses, with the leaders of the Americas and EMEA reporting to him. Queenan will also oversee those heading up the Asia Pacific region, where the firm is currently raising a $700 million value added fund.

“Danny has served our business well in his role as Global COO,” Ritson Ferguson, the firm’s chief executive, said in Tuesday’s statement. “We are a much stronger organization and well-positioned as we move into 2017 with a continued focus on delivering world-class investment performance for our clients.”

Prior to his role as COO, Queenan was the CEO of CBRE’s Asia Pacific region from July 2013 through August 2015. He also concurrently served as CEO of subsidiary Trammell Crow from March 2011 through March 2016. Before working at Trammell Crow, Queenan was the president and CEO of Opus North, a Minneapolis-based commercial real estate company.

In a March leadership shuffle at CBRE GI, the firm’s then-CEO, Matt Khourie, handed the reins to Ferguson, PERE previously reported. Khourie then became the CEO of Trammell Crow, where he worked for 29 years.

CBRE GI managed $87.9 billion in assets as of September 30.