Savills PLC Appointment of New CEO of Savills Investment Mgmt (9308W)
24 April 2019 - 6:30PM
UK Regulatory
TIDMSVS
RNS Number : 9308W
Savills PLC
24 April 2019
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 GBP5.6bn in 2015 to over GBP16bn
today, raising more than GBP2.4bn 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. GBP15bn AUM in 2012 to over GBP30bn 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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END
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