Plummer to also Continue Leading CBRE Global Investment Partners (GIP) with Ian Gleeson Appointed Senior Managing Director and CIO of GIP
LOS ANGELES – April 26, 2016 – CBRE Global Investors today announced that Jeremy Plummer has been appointed as Head of its Europe, Middle East & Africa (EMEA) region.
Mr. Plummer, based in London, succeeds Pieter Hendrikse, who will be leaving CBRE Global Investors at the end of April but will be working with the company and leadership team through a transition period.
In addition to his EMEA responsibilities, Mr. Plummer will also continue as CEO of CBRE Global Investment Partners (GIP), CBRE Global Investors’ business unit that invests with operating partners. Ian Gleeson, who has been CIO of GIP since 2008, has been appointed Senior Managing Director and CIO of GIP and will take over day-to-day running of the business, reporting to Mr. Plummer.
“We are excited about having Jeremy in this new role,” said Ritson Ferguson, CEO of CBRE Global Investors. “We have a strong team throughout EMEA, and Jeremy is well-positioned to lead this team as we continue to drive investment performance for our clients. He has broad real estate experience, a deep knowledge of the Global Investors platform and a solid track record of leadership and investment performance.”
Mr. Ferguson added: “We greatly value all of Pieter Hendrikse’s contributions over the past 17 years during which he has been a respected leader and responsible for both the original buildup of ING REIM and its integration with CBRE Global Investors. We wish him all the best with his future endeavors.”
Mr. Plummer, who has 28 years of experience in the industry, joined CBRE Global Investors in 2006 with the acquisition of Oxford Property Consultants, which he co-founded in 2001. He has had a proven record of success in running the $13.6 billion GIP business and has built strong relationships with key clients, operating partners and colleagues. He has been a member of the CBRE Global Investors Global Executive Committee since 2013.
“With more than $31.3 billion in assets under management and representing the largest source of client capital for the business globally, the EMEA region is a significant part of CBRE Global Investors’ global business,” Mr. Ferguson said. “With a strong platform across Europe and a range of highly-rated programs, we believe we are well-positioned to continue to grow these programs and deliver excellent outcomes for investors.”
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.