CBRE Investors president Thibault de Valence and chief executive officer Francois Lex, have quit the real estate investment management business.
In an annoucement made today, the firm said the duo had departed to pursue “entrepreneurial opportunities”.
Their responsibilities will be assumed by Peter DiCorpo, who is promoted from global chief operating officer to head of continental Europe; Christine Sonnier, who is promoted from managing director to co-directeur general for continental Europe and; Jerome Castelnau, who is also promoted from managing director to co-directeur general for continental Europe.
The trio will take responsibility for all of CBRE Investors’ activities in continental Europe, leading a team of 70 professionals across six cities.
DiCorpo joined CBRE Investors in 2008 and was responsible for executing the firm’s global business plan. Sonnier joined in 2002 and focused on the firm’s value-added strategies and development. Castelnau joined in 2001 and was focused on office, residential and hospitality investment.
CBRE Investors, which is lead by global head Vance Maddox in Los Angeles, had $34.7 billion in assets under management as of December 31, 2009. The firm is active in North America, Europe and Asia through 19 offices and has 360 staff.