LOS ANGELES – October 30, 2018 – CBRE Global Investors today announced that Adrian Baker has been promoted to Chief Executive Officer for the firm’s Asia Pacific business. Baker, who is based in Singapore, succeeds Richard Price, who has relocated to the United States and will be leaving the firm Nov. 7.
Baker, who joined CBRE Global Investors in 2007, most recently has been serving as the Chief Investment Officer for Asia Pacific with responsibility for all direct real estate investment and asset management activity across the region. He has 20 years’ experience in the industry covering a wide range of sectors from office, retail and industrial to more niche property types.
Baker, who will continue to serve as CIO, is well-positioned to take on new responsibilities as CEO.
“Adrian is an experienced and talented investor who has led the direct investment efforts across the region for the past two years as CIO and prior to that led the Global Investment Partners team, delivering outstanding performance for our investor clients and earning deep respect across the region,” said Ritson Ferguson, Global CEO, CBRE Global Investors. “We have high ambitions for the APAC region and a strong team that has demonstrated its commitment to driving performance.”
Ferguson added: “Richard has led the business for the last 11 years, steering it through the Global Financial Crisis, CBRE’s acquisition from ING and the restructuring of the Company’s direct and indirect investment engines. We greatly value his contributions and wish him all the best with his future endeavors.”
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $101.7 billion in assets under management* as of June 30, 2018.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). 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 80,000 employees in approximately 450 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 asset-related investments 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 assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.