Appointment of New CEO of Savills Investment Mgmt
SAVILLS APPOINTS NEW CEO OF SAVILLS INVESTMENT MANAGEMENT
LONDON, (24 April, 2019) - Savills Investment Management ("Savills IM"), the global real estate investment manager, has appointed Alex Jeffrey as its new Chief Executive Officer. He will join the firm in late 2019 and will be based in Singapore. He will also become a member of the Savills plc Group Executive Board.
Alex will be responsible for leading the next stage of Savills IM's global growth, which has already seen the company increase its assets under management from £5.6bn in 2015 to over £16bn today, raising more than £2.4bn of new capital from clients in 2018 alone.
Alex was previously Head of Asia Pacific for M&G Investments, with responsibility for the development and leadership of the company's business across all investment sectors in the region. Prior to this, he was Chief Executive of M&G Real Estate, based in London, where he led the significant growth of the firm from c. £15bn AUM in 2012 to over £30bn in 2018. Prior to M&G he was Chief Investment Officer and CEO Europe of MGPA Limited.
Kiran Patel will continue in his role as Chief Investment Officer and will become Deputy CEO of Savills IM following Alex's arrival. Nick Cooper will continue in his role as Chairman of Savills IM.
Mark Ridley, Chief Executive Officer at Savills plc, commented:
"I am delighted to welcome Alex as CEO of Savills IM. His experience will be instrumental in leading a strong management team to deliver our growth aspirations for the business over the coming years. The fact he will be based in Singapore is a clear demonstration of the importance we attach to Savills' future growth potential in the Asia Pacific region, linked to our strong UK and European platform. I very much look forward to working with him.
"I would also like to thank Kiran Patel for acting as CEO Savills IM since mid-2018, and for his and Nick's leadership of the business during this period of transition."
ENDS
For further information contact:
Savills plc
Mark Ridley/Simon ShawTel: +44 (0)20 74098934
Tulchan Communications
David Allchurch/Elizabeth Snow
Tel: +44 (0)20 7353 4200
Inside Information
This announcement is being disclosed in accordance with the Market Abuse Regulation (EU596/2014) and has been determined to contain inside information in line with the definition therein.
Forward looking statements
Certain statements in this announcement are forward-looking statements relating to the Group's operations, performance and financial position based on current expectations of, and assumptions and forecasts made by, management. They are subject to a number of risks, uncertainties and other factors which could cause actual results, performance or achievements of the Group to differ materially from any outcomes or results expressed or implied by such forward-looking statements. The Group's principal risks are described in the 2018 Savills plc Annual Report which can be viewed online at http://www.savills.com. Such forward looking statements should therefore be construed in light of such risks, uncertainties and other factors and undue reliance should not be placed on them. They are made only as of the date of this announcement and no representation, assurance, guarantee or warranty is given in relation to them including as to their accuracy, completeness, or the basis on which they are made. No obligation is accepted to publicly revise or update these forward-looking statements or adjust them as a result of new information or for future events or developments, except to the extent legally required. Nothing in this Statement should be construed as a profit forecast.
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