MGPA appoints Simon Treacy as CEO

Simon Treacy has been appointed the new CEO of independent private equity real estate investment advisory firm MGPA from 1 September. As planned, Treacy succeeds Jim Quille who has been CEO since the company was founded. Quille will remain with MGPA as chairman of the board of directors and a member of the baord of general partner entities that manages MGPA's funds.

Quille commented: 'This is an important and planned step in the evolution of MGPA that will ensure continuity and facilitate the ongoing growth of success of our business.' Treacy is currently CEO Asia where he has overseen the growth of the business there, Quille added.

MGPA also announced that Alex Jeffrey, chief executive Europe, will become chief investment officer, taking over from Andrew Wood, who has been in the post since the foundation of the company. Jeffrey's responsibilities will include global investment strategy, the investment approval process and client relations. Wood will remain an executive director assisting Jeffrey and Treacy in certain areas, which will allow him to step back from day-to-day operations.

Jeffrey's responsibilities in Europe will be taken over by Laurent Luccioni, managing director, Europe funds, who will become chief executive, Europe. John Saunders, managing director Asia Funds will take over Treacy's responsibilities outside Japan and become chief executive, Asia ex-Japan, while Treacy will continue to have oversight of Japan.