Key Takeaways
- • Rik Eertink elevated to President and Chief Investment Officer of CBRE Investment Management's EMEA direct real estate division, expanding his role from a five-year tenure as President to now include CIO responsibilities.
- • Four senior leaders—Hannah Marshall, Bas Tiemstra, Jan-Willem Bastijn, and Niels Kokkeel—assume broadened responsibilities to support the reorganized structure across the EMEA region.
- • Paul Gibson, former CIO of EMEA direct real estate strategies at CBRE IM since 2004, departing to join Garbe as Head of International Capital Markets (Managing Director) in London, operating alongside Andreas Höfner.
- • QuadReal Property appoints R Scott Hutcheson as board chair, succeeding Thomas Garbutt; Hutcheson brings over 30 years of executive experience and an ICD designation, with previous roles as executive chair of Aspen Properties and chair of Invest Alberta Corporation.
- • QuadReal board transitions include the retirement of Rita Achrekar and J Lorne Braithwaite after tenures since 2022 and 2017, respectively, as the organization realigns governance.
Summary
CBRE Investment Management has restructured its EMEA direct real estate leadership, appointing Rik Eertink to the combined role of President and Chief Investment Officer. Eertink, who previously held the President position for five years, now assumes expanded CIO responsibilities in what the firm describes as an evolution of its leadership model for the region. The appointment reflects a consolidation of strategic oversight in European, Middle Eastern, and African direct real estate operations.
To operationalize the expanded structure, four senior executives have taken on broadened responsibilities. Hannah Marshall, Bas Tiemstra, Jan-Willem Bastijn, and Niels Kokkeel will support Eertink's enlarged mandate, distributing accountability across CBRE IM's EMEA direct real estate platform. This multi-leader approach suggests the firm is building depth across investment execution, capital markets, and portfolio management functions.
The leadership shuffle includes a notable departure: Paul Gibson, who served as CIO of EMEA direct real estate strategies, is leaving CBRE IM—where he had worked since 2004, rising from senior portfolio manager in the UK separate accounts division—to join Garbe Investment Management. At Garbe, Gibson will assume the role of Head of International Capital Markets in London, operating at the Managing Director level alongside Andreas Höfner, who leads the unit's strategy. The move underscores competitive talent flow within European real estate investment management.
Separately, QuadReal Property has appointed R Scott Hutcheson as board chair, replacing Thomas Garbutt. Hutcheson, who joined the QuadReal board in September 2023, brings over three decades of executive experience across public, private, and not-for-profit sectors, along with board-level expertise and an ICD (Institute of Corporate Directors) designation. In his external roles, Hutcheson serves as executive chair of Aspen Properties and chairs Invest Alberta Corporation. Garbutt, who joined QuadReal's board in 2017 and chaired it since 2018, is retiring. Additionally, directors Rita Achrekar and J Lorne Braithwaite are stepping down after serving since 2022 and 2017, respectively, signaling a broader governance refresh at QuadReal.
To operationalize the expanded structure, four senior executives have taken on broadened responsibilities. Hannah Marshall, Bas Tiemstra, Jan-Willem Bastijn, and Niels Kokkeel will support Eertink's enlarged mandate, distributing accountability across CBRE IM's EMEA direct real estate platform. This multi-leader approach suggests the firm is building depth across investment execution, capital markets, and portfolio management functions.
The leadership shuffle includes a notable departure: Paul Gibson, who served as CIO of EMEA direct real estate strategies, is leaving CBRE IM—where he had worked since 2004, rising from senior portfolio manager in the UK separate accounts division—to join Garbe Investment Management. At Garbe, Gibson will assume the role of Head of International Capital Markets in London, operating at the Managing Director level alongside Andreas Höfner, who leads the unit's strategy. The move underscores competitive talent flow within European real estate investment management.
Separately, QuadReal Property has appointed R Scott Hutcheson as board chair, replacing Thomas Garbutt. Hutcheson, who joined the QuadReal board in September 2023, brings over three decades of executive experience across public, private, and not-for-profit sectors, along with board-level expertise and an ICD (Institute of Corporate Directors) designation. In his external roles, Hutcheson serves as executive chair of Aspen Properties and chairs Invest Alberta Corporation. Garbutt, who joined QuadReal's board in 2017 and chaired it since 2018, is retiring. Additionally, directors Rita Achrekar and J Lorne Braithwaite are stepping down after serving since 2022 and 2017, respectively, signaling a broader governance refresh at QuadReal.
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