Ritson Ferguson has taken over from Matt Khourie as CEO of CBRE Global Investors.

Ferguson, who has been CIO of CBRE Global Investors since last year, will remain CEO of CBRE Clarion Securities, the company’s real estate securities business.

Khourie, who held the position for six years, has become CEO of Trammell Crow Company, a real estate developer owned by CBRE Group, replacing Danny Queenan.

Queenan, who was named COO of CBRE Global Investors in August 2015 and also served as CEO of Trammell Crow Company since 2011, will now concentrate on running CBRE Global Investors’ operations and strategic initiatives. Although he will not have a day-to-day role in Trammell Crow Company, he will remain active in the business at a strategic level, serving on its board of directors.

“Ritson is the ideal successor for Matt,” said Bob Sulentic, president and CEO of CBRE.

“He has outstanding investment acumen, experience running global strategies and producing great outcomes for our clients, as well as a deep understanding of the Global Investors business, including leading firm-wide investment strategy and execution as CIO.

“Danny has done a superb job of running Trammell Crow Company and now Global Investors will benefit from the increased time and attention he can devote to the business.”