21 August 2018 | Prithvi Pandya
CBRE Group has created a new organisation structure for 2019 and has made several senior executive promotions.
Under the new structure, the company will organise its operations around, and publicly report its financial results on, three global businesses: advisory services, global workplace solutions and real estate investments.
For the remainder of 2018, CBRE will continue to manage its services business within its existing geographic businesses (Americas, EMEA and APAC).
Mike Lafitte has been promoted to global CEO, advisory services, with responsibility for leasing, capital markets (sales and mortgage services), property management, valuation services and local project management service lines across the Americas, Europe, EMEA and APAC.
Jack Durburg, who previously served as Americas CEO, has been promoted to global COO. Durburg will have broad responsibility and authority across the entire company for service line excellence, operating efficiencies and its global client care programme.
Steven Swerdlow will be promoted to group president in January 2019 and be responsible for global research and marketing, and support for worldwide M&A activity in partnership with CBRE's corporate development team.
In January 2019, the company will eliminate CEO roles for the Americas, EMEA and APAC regions and elevate 12 existing advisory services divisional presidents across the globe.
Daniel Queenan has been promoted to global CEO, real estate investments, with responsibility for CBRE's global investment management (CBRE global investors) and development services (Trammell Crow Company) businesses.
Within the CBRE global investors business, Jeremy Plummer has been promoted to chief investment officer and Sophie van Oosterom has been promoted to CEO of EMEA.