CBRE has appointed Graeme Rutter from Schroder Real Estate Investment Management to lead its £2.3bn (€2.7bn) investment advisory business.

The commercial real estate services and investment firm said it has appointed Rutter as executive director to succeed Tony Martin, who will take on a new position as chairman of CBRE’s investment advisory team.

Rutter will report into Richard Dakin, managing director and global head of Capital Advisors.

Rutter was head of the real estate capital partners division at Schroder. Prior to Schroder, where he has been for the last 13 years, he was at Aviva and Savills.

He also holds a number of non-executive roles, including chairman of Investment Property Forum (IPF), former chair of the Association of Real Estate Funds (AREF) investor committee and a former AREF management committee member, chair of the IPF indirect property funds group and a member of MSCI Index consultative group.

Martin said: “We are delighted that Rutter is joining CBRE to continue to drive our Investment Advisory business forward. We always strive to give our clients a significant competitive advantage by delivering the best expertise and market intelligence and by becoming an extension of their own team.

“Rutter is highly regarded throughout the industry and having been a client, has the experience and understanding to deliver the strategic growth that is required for us to continue to deliver exceptional outcomes for clients.”