CBRE GI creates separate accounts exec board

CBRE Global Investors has appointed James Clifton-Brown as chairman and Pieter Roozenboom as executive director of its new global separate accounts executive board.

CBRE Global Investors had $37 bn (€33 bn) in separate account assets under management worldwide at end-2014, a 10% increase on the previous year.

The firm raised $5.4 bn and deployed $5.3 bn in separate account equity on behalf of its investor clients globally in 2014.

CBRE GI said the formation of the board represents the next stage in the development of the business. 'Investors increasingly need global diversification, coupled with the customisation and control elements of a separate account,' said Matt Khourie, CEO of CBRE Global Investors. 'The global separate accounts executive board will help us further address this increasing demand by ensuring a coordinated approach worldwide.'

The board will be responsible for ensuring consistent global processes and execution in addition to reviewing portfolio strategy, risk management and investment performance of separate accounts across the globe.

Clifton-Brown, a senior managing director who has been with the firm for more than 30 years, also currently serves as chairman of EMEA separate accounts and as UK chief investment officer.

Roozenboom, who currently manages the separate accounts business in EMEA, has now also been named head of global separate accounts. In this role, which is a new position in the separate accounts business, Roozenboom will focus on the day-to-day coordination of the global business working closely with the regional separate accounts leaders and Tim Munn, who has been appointed director of operations for global separate accounts.