GLOBAL - Cordea Savills, the international property fund manager, has appointed Michael Flynn as global head of its institutional business.
Flynn, currently head of the firm's Singapore office, will assume responsibility for capital raising and client services globally as well as continuing to head up the Singapore operation.
The newly-created role is designed to help consolidate and strengthen Cordea Savills' international services, suggested Justin O'Connor, chief executive of Cordea Savills.
"We created this new role in response to the increasingly global nature of capital flows targeting private real estate funds. In this challenging environment, clients require increased support throughout the life of their investments. Centralising these functions globally under Michael positions us to better serve our investors," he explained.
Flynn has over 15 years of dealing with institutional investors, starting his career in investment banking at Credit Suisse and then moving on to work with ING Barings, Goldman Sachs and Dresdner Kleinwort Wasserstein.
Commenting on his appointment, Flynn said: "We are experiencing a period of rapid and radical changes right across the financial services sector and the property funds management industry is no exception. My new appointment reflects Cordea Savills desire to increase the focus on clients and how we can better meet their investment and servicing requirements."
Cordea Savills had £3.1bn (€3.9bn) in assets under management on 30 September, 2008.
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