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CBRE Global Investors appoints COO

The Los Angeles-based real estate investment manager has tapped an executive from its parent company to assume the role.

CBRE Global Investors has recruited a new chief operating officer (COO) from its parent company, CBRE Group. Daniel Queenan, who had acted as chief executive officer of the commercial real estate services firm’s Asia Pacific operations for two years, has returned to the US to assume his new role.

As COO, Queenan will help drive strategy and operations for CBRE GI. He will report to chief executive officer Matt Khourie and also work closely Ritson Ferguson, who himself was named global chief investment officer in a newly created role earlier this month. Queenan also will serve on CBRE GI’s executive committee and global investment committee.

Before being named chief executive of Asia-Pacific in 2013, Queenan worked as CBRE’s chief operating officer of the region and was a member of the firm’s global operating committee, the Americas operations management board and the Asia Pacific strategic group. Additionally, he had been chief executive officer of Trammel Crow Company, CBRE’s real estate development subsidiary, since 2011. 

Meanwhile, Steven Swerdlow will replace Queenan as chief executive of Asia Pacific, overseeing all operations in the region. He will report to Robert Blain, executive chairman of Asia Pacific. A 25-year veteran of CBRE, he also will continue to be responsible for the firm’s US western division and be dividing his time between Asia and the US.

“Steve and Danny are two of our most accomplished executives, and they are highly committed to our focus on exceptional client service and operational excellence,” said Bob Sulentic, CBRE’s president and chief executive officer, in a statement. “Danny did an outstanding job of partnering with Rob to lead Asia Pacific. His more than 20 years of operating and investment experience will be a great complement to Matt, Ritson and our CBRE Global Investors team.”