Clarence Dixon takes on global role at CBRE

Clarence Dixon, CBRE’s chief operating office of its Debt Services division, has been promoted to global head of loan servicing.

In his new role he will continue to oversee loan servicing in Europe but also become active in the US, joining the board of CBRE’s North American servicing platform, GEMSA and help set up a new loan servicing business in Asia-Pacific.

He will continue to report to Philip Cropper, head of capital advisors EMEA in Europe and now also to Brian Stoffers, president of CBRE debt and structured finance, US on a global basis. Dixon will remain working in London four days a week and from Germany one day a week.

He joined the company from Hatfield Philips International at the start of 2012, replacing Paul Lloyd who had left the firm to establish Mount Street with Ravi Joseph and Bill Sexton. He was previously a director at Crown Europe.

In Europe CBRE’s loan servicing business manages $30bn – at the turn of the year it was appointed by GE Capital to manage the former Postbank loan book that the US lender acquired. Last year CBRELS opened in Spain and Germany and it expects to establish operations in France and Italy within the next year. Globally the business has $140bn of loans under management.

Dixon said: “This is the logical step forwards in the evolution of our loan servicing business which we have been developing since 2005. We know that our clients are increasingly looking for a service provider that can work across all three continents; EMEA, North America and Asia, and we are perfectly placed to provide a global loan servicing platform with the added benefit of experts professionally managing loans at a local level.”