Global real estate investment manager Savills Investment Management (Savills IM) has appointed Alex Jeffrey as its new chief executive officer.
He will join the firm in late 2019, subject to regulatory approval, and will be based in Singapore. He will also become a member of the Savills Group Executive Board.
Jeffrey will be responsible for the next stage of Savills IM's global growth, which has already seen the company increase its assets under management from £5.6bn in 2015 to over £16bn today, raising more than £2.4bn of new capital from clients in 2018.
He was previously head of Asia Pacific for M&G Investments, with responsibility for the development and leadership of the company's business across all investment sectors in the region. Prior to this role Jeffrey was chief executive of M&G Real Estate, based in London, where he led the significant growth of the firm from c. £15bn AUM in 2012 to over £30bn in 2018. Prior to M&G he was chief investment officer and CEO Europe of MGPA Limited.
Kiran Patel will continue in his role as chief investment officer and will become deputy CEO following Alex's arrival. Nick Cooper will continue in his role as chairman.