Cordea Savills, the international fund manager 60 percent owned by property services firm Savills and 40 percent owned by its management, has promoted Michael Flynn to global head of institutional business.
In a statement, the firm’s chief executive Justin O’Connor said that Flynn’s new role was created in response to the increasing global nature of capital flows targeting private equity real estate funds.
O’Connor said: “In this challenging environment, clients require increased support throughout the life of their investments. Centralising these functions globally under Michael positions us to better serve our investors.”
Flynn was previously managing director of institutional business for Asia and Australia. He is based in Singapore where he led the opening of an office for the firm last June.
Flynn has 15 years of experience working with institutional investors. He began his career with Credit Suisse First Boston in 1993. He has also worked with ING Barings, Goldman Sachs and Dresdner Kleinwort Wasserstein.
Cordea Savills is a global property fund manager with offices in London, Milan, Munich, Stockholm, Luxembourg, Paris, Singapore and Bangalore (via a joint venture called Cordea Nichani). At the end of September last year, the firm managed £3.1 billion (€3.9 billion; $4.36 billion) of assets.