Key Takeaways
- • Savills Investment Management appointed Andrew Allen as global chief investment officer, promoting the research head following Kiran Patel's retirement in May 2024.
- • The promotion reflects continuity in leadership at the London-based real estate investment manager during a transition period.
- • Allen's elevation from head of research to CIO signals the firm's confidence in internal talent and research-driven investment capabilities.
Summary
Savills Investment Management has promoted Andrew Allen to the position of global chief investment officer, according to an announcement on May 29, 2024. Allen previously served as the firm's head of research before ascending to the CIO role, which became vacant following Kiran Patel's retirement last month.
The appointment represents an internal promotion at the London-based real estate investment manager, reflecting the organization's strategy of developing leadership from within its existing ranks. By elevating Allen—whose research background positioned him with deep knowledge of the firm's investment processes and market analysis capabilities—Savills IM maintained continuity during the leadership transition.
As global CIO, Allen will oversee the firm's investment strategy and decision-making across its portfolio operations. The timing of this promotion, occurring shortly after Patel's departure, underscores the firm's need to quickly stabilize its chief investment function during a period when capital markets and real estate valuations remained in flux in mid-2024.
The appointment represents an internal promotion at the London-based real estate investment manager, reflecting the organization's strategy of developing leadership from within its existing ranks. By elevating Allen—whose research background positioned him with deep knowledge of the firm's investment processes and market analysis capabilities—Savills IM maintained continuity during the leadership transition.
As global CIO, Allen will oversee the firm's investment strategy and decision-making across its portfolio operations. The timing of this promotion, occurring shortly after Patel's departure, underscores the firm's need to quickly stabilize its chief investment function during a period when capital markets and real estate valuations remained in flux in mid-2024.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.