Raynor takes top spot at GFM
Grosvenor has appointed James Raynor, chief investment officer of Grosvenor Fund Management, to succeed Jeffrey Weingarten as chief executive of GFM, from June. Weingarten, who filled the role for two years after Stuart Beevor’s departure, will remain a non-executive director on the Grosvenor Group board.
CBRE GI forms cross-border arm
CBRE Global Investors has set up a cross-border separate accounts business with its own board. Chaired by James Clifton Brown, it includes John Ozinga, who will represent the continent as well as being country manager for France. Michael Ness will continue to run the UK separate account business. European CEO Pieter Hendrikse said the change would “provide a co-ordinated approach for clients wanting to invest on a pan-European basis”.
Forbes quits PwC for own venture
John Forbes is leaving PwC after 25 years to set up his own consultancy. Forbes is a partner specialising in real estate funds and regulation, and a previous head of European real estate.
Rydqvist leads LGIM sales push
Legal & General Investment Management is expanding its European distribution reach in the Nordic, Swiss and German markets, hiring Johan Rydqvist as European sales manager. John Tsalos has joined from Standard Life to fill a new position as head of defined contribution distribution and product strategy.
DTZ has appointed Paul Boursican as EMEA head of international investment. He joins from Milestone Capital Investment Management and has also worked at Lazard Real Estate Fund Management and Jones Lang LaSalle.