Cordea Savills appoints former AXA exec Patel as CIO

International property investment manager Cordea Savills has appointed Kiran Patel as chief investment officer with a global remit.

Patel, formerly global head of business development and research & strategy at AXA Real Estate, will spearhead Cordea Savills’ investment and risk strategies and strengthen its research capabilities.

Patel has more than 20 years’ experience in the global property industry. Prior to AXA Real Estate, where he spent 11 years, Patel was an associate director at Legal & General Investment Management.

Cordea Savills is an international property investment manager with offices in nine European cities. Together with other Savills Group companies, the firm managed assets of EUR 7.8 bn at 30 June 2012.