Savills Investment Management (Savills IM), a UK-based real estate investment management firm, has hired Alex Jeffrey from M&G Investments to serve as its new CEO.
Jeffrey replaces Kiran Patel, who has headed the firm on an interim basis after the departure of CEO Justin O’Connor last July.
O’Connor spent 12 years as the CEO of Savills IM. He also served as the firm’s chairman.
After his exit, his responsibilities were split between deputy chairman Nick Cooper and CIO Patel.
Cooper, who became chairman, will retain the role.
Meanwhile, Patel will remain CIO and also serve as deputy CEO.
Jeffrey will assume the new responsibility later this year. He will operate out of Singapore and also have a seat on the group executive board.
At M&G Investments, Jeffrey headed the Asia Pacific business and was CEO of M&G Real Estate.
He also had a stint at MGPA, where he was the CIO and CEO for Europe.
Savills CEO Mark Ridley said: “I am delighted to welcome Alex as CEO of Savills IM.
“His experience will be instrumental in leading a strong management team to deliver our growth aspirations for the business over the coming years.
“The fact he will be based in Singapore is a clear demonstration of the importance we attach to Savills’ future growth potential in the Asia Pacific region, linked to our strong UK and European platform.”