LOS ANGELES – Feb. 25, 2015 – CBRE Global Investors is expanding its Global Separate Accounts business and has appointed James Clifton-Brown to serve as Chairman and Pieter Roozenboom to serve as Executive Director of the newly created Global Separate Accounts Executive Board.
With a 42-year track record, CBRE Global Investors has $37 billion in Separate Account assets under management* worldwide as of Dec. 31, 2014, which represents a 10 percent increase over the previous year. The firm raised $5.4 billion and deployed $5.3 billion in Separate Account equity on behalf of its investor clients globally in 2014.
The formation of this board represents the next progression and builds on the momentum in the company’s growing Global Separate Accounts business. Responsibilities of the board will include ensuring consistent global processes and execution in addition to reviewing portfolio strategy, risk management and investment performance of separate accounts throughout the globe.
“Investors increasingly need global diversification, coupled with the customization and control elements of a separate account,” said Matt Khourie, CEO of CBRE Global Investors. “With on-the-ground real estate experts in each of our clients’ target investment markets paired with our investment specialists domiciled in the client’s home country to facilitate optimal communications, we are well-positioned to strategically migrate capital across borders in a seamless solution. The Global Separate Accounts Executive Board will help us further address this increasing demand by ensuring a coordinated approach worldwide.”
Clifton-Brown, a Senior Managing Director who has been with the firm for more than 30 years, also currently serves as Chairman of EMEA Separate Accounts and as UK Chief Investment Officer.
Roozenboom, who currently manages the Separate Accounts business in EMEA, has now also been named Head of Global Separate Accounts. In this role, which is a new position in the Separate Accounts business, Roozenboom will focus on the day-to-day coordination of the global business working closely with the regional Separate Accounts leaders and Tim Munn, who has been appointed Director of Operations for Global Separate Accounts.
“We are pleased that James and Pieter will now expand their responsibilities with us in their new roles. They have already demonstrated strong leadership in the Separate Account business over the years, as well as a clear understanding of how to optimally structure and manage this growing part of our business,” Khourie said. “With our increased focus, we believe the Separate Accounts business will be even better positioned going forward with a team that has a strong track record while at the same time providing continuity and leadership.”
About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $90.6 billion in assets under management* as of December 31, 2014. 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 company for the benefit of its investors. CBRE Group, Inc. has more than 52,000 employees in more than 370 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.