Business
Appointment of New CEO of Savills Investment Mgmt
Appointment of New CEO of Savills Investment Mgmt.
About this update from Savills Plc
[{"type":"text","content":"\n \nRNS Number : 9308W Savills PLC 24 April 2019 \n\nSAVILLS APPOINTS NEW CEO OF SAVILLS INVESTMENT MANAGEMENT\n \nLONDON, (24 April, 2019) - Savills Investment Management (\"Savills IM\"), the global real estate investment manager, has appointed Alex Jeffrey as its new Chief Executive Officer. He will join the firm in late 2019 and will be based in Singapore. He will also become a member of the Savills plc Group Executive Board.\n \nAlex will be responsible for leading the next stage of Savills IM's global growth, which has already seen the company increase its assets under management from £5.6bn in 2015 to over £16bn today, raising more than £2.4bn of new capital from clients in 2018 alone.\n \nAlex was previously Head of Asia Pacific for M&G Investments, with responsibility for the development and leadership of the company's business across all investment sectors in the region. Prior to this, he was Chief Executive of M&G Real Estate, based in London, where he led the significant growth of the firm from c. £15bn AUM in 2012 to over £30bn in 2018. Prior to M&G he was Chief Investment Officer and CEO Europe of MGPA Limited.\n \nKiran Patel will continue in his role as Chief Investment Officer and will become Deputy CEO of Savills IM following Alex's arrival. Nick Cooper will continue in his role as Chairman of Savills IM.\n \nMark Ridley, Chief Executive Officer at Savills plc, commented:\n \n\"I am delighted to welcome Alex as CEO of Savills IM. His experience will be instrumental in leading a strong management team to deliver our growth aspirations for the business over the coming years. The fact he will be based in Singapore is a clear demonstration of the importance we attach to Savills' future growth potential in the Asia Pacific region, linked to our strong UK and European platform. I very much look forward to working with him.\n \n\"I would also like to thank Kiran Patel for acting as CEO Savills IM since mid-2018, and for his and Nick's leadership of the business during this period of transition.\"\n \nENDS\n \nFor further information contact: \nSavills plc\nMark Ridley/Simon ShawTel: +44 (0)20 74098934\nTulchan Communications\nDavid Allchurch/Elizabeth Snow\nTel: +44 (0)20 7353 4200\n \n \n \nInside Information \nThis announcement...