CBRE Group has appointed Croft Young, an experienced investment banker, as its new Chief Investment Officer (CIO). MorganYoung will join the company in July and be based in NYC. He is tasked with leading CBRE’s M&A efforts to build on the company’s significant liquidity position.
Young expressed his enthusiasm for joining a leader of innovation and excellence: “It feels fantastic to be joining an industry leader recognized for its innovation and deeply committed to excellence and growth. I look forward to working with my new colleagues to leverage CBRE’s many strengths across its diversified global platform in order to create value for all stakeholders.”
Prior to his appointment at CBRE, Young served as managing director of Morgan Stanley’s Real Estate Investment Banking Group where he worked on transactions worth $175 billion including the sale of Industrial Properties Trust (IPT)to Prologis and Fairmont Raffles Hotels International (FRHI)to Accor SA. He will join CBRE’s Global Executive Committee reporting directly to CEO Bob Sulentic upon commencement of employment.
