International real estate manager Savills Investment Management (Savills IM) has widened its senior management team aimed at further boosting global expansion.
Justin O’Connor, who is currently chairman and global chief executive officer for Asia Pacific, will be relocated to Hong Kong to drive growth in the region where he will also become CEO Asia Pacific.
Nick Cooper, who joined Savills IM in January 2017 as a senior adviser, has been promoted as deputy chairman. He will also be responsible for overseeing global investor services focusing on client relationships, especially the top global investors and consultants.
Giuseppe Oriani, currently head of Italy and responsible for increasing assets under management in the country to over €2.5bn today, becomes CEO for Europe.
Harry de Ferry Foster – fund manager of the €1.4bn Charities Property Fund – and Jon Crossfield, head of Strategic Partnerships in Europe, will be also co-heading the UK while keeping their current responsibilities.
Carolina von Groddeck becomes head of Germany.
Global CEO and chairman at Savills Investment Management Justin O’Connor said: “Our strong growth over the last five years, increasing from €4.2bn AUM to over €16.6bn AUM, and from 8 offices to 18 today, has led us broaden our senior management team to promote continued global expansion. These changes will allow us to further build on our strong global platform and I look forward to leading the next stage of the development of our business.”
Savills IM, with over 300 employees in 18 offices, saw total activity of €4.5bn in Europe and €1bn in Asia.