LOS ANGELES – April 27, 2016 – CBRE Global Investors today announced that Dave Morrison has been named President of the U.S. Managed Accounts Group, the firm’s $9.8 billion program that provides investment management services to many of the firm’s largest investor clients through tailored separate accounts and open-end fund vehicles.
Mr. Morrison will be transitioning his current corporate strategy responsibilities to Danny Queenan, Chief Operating Officer of CBRE Global Investors. This change represents a more focused deployment of one of the firm’s most experienced investors into a full-time investment implementation role. Mr. Morrison will also continue to serve as Head of Strategy and Research for the Americas.
Mr. Morrison joined CBRE Global Investors in 2011 as Global Head of Strategy. In this role, he has overseen the firm’s investment strategy and corporate strategy functions. Mr. Morrison serves as a member of the Global Executive Committee, Global Investment Committee and the Investment Committee for the Americas.
Prior to joining CBRE Global Investors, Mr. Morrison served as Co-Chief Executive Officer of the Prime Property Fund and Global Head of Real Estate Strategy for Morgan Stanley Real Estate. In that capacity he was responsible for all activities of a $10 billion U.S. property fund and management of global strategy and research with experience in the U.S., Europe and Asia. With more than 25 years’ experience in the industry, Mr. Morrison also previously served as a portfolio manager in the real estate investing division of TIAA-CREF.
“This appointment is part of our effort to make CBRE Global Investors truly a ‘World Class’ organization,” said Ritson Ferguson, CEO of CBRE Global Investors. “Dave is well-qualified to lead and grow our U.S. Managed Accounts program. He has not only proven himself as Head of Strategy and a member of the Global Executive Committee but also has extensive experience as an investor. As part of our ongoing effort to further strengthen our ability to deliver industry-leading performance and solutions to our investor clients, we are pleased to be able to more fully dedicate Dave to investment strategy, oversight and implementation.”
About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $89.0 billion in assets under management* as of December 31, 2015. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment firm for the benefit of its investors. CBRE Group, Inc. has more than 70,000 employees in more than 400 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.