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CBRE Group expands board with new director Guy A. Metcalfe

EditorEmilio Ghigini
Published 02/23/2024, 08:47 AM
Updated 02/23/2024, 08:47 AM
© Reuters.

DALLAS - CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm, has announced the appointment of Guy A. Metcalfe to its Board of Directors, effective Monday. Mr. Metcalfe brings over three decades of experience in investment banking, primarily at Morgan Stanley, where he recently retired as Global Chairman of the real estate investment banking business.

During his tenure at Morgan Stanley, Metcalfe played a pivotal role in advising on transactions totaling over $850 billion, including significant mergers, acquisitions, and capital market dealings. His expertise has been instrumental in some of the real estate industry's most notable transformations, with involvement in the mergers of several companies into Prologis (NYSE:PLD) and Blackstone (NYSE:BX)'s acquisitions of multiple high-profile properties.

CBRE's chair and CEO, Bob Sulentic, highlighted Metcalfe's reputation as a premier strategic advisor and anticipates that his extensive knowledge and strategic acumen will be invaluable to the company's growth ambitions.

Metcalfe's own remarks underscored his long-standing familiarity with CBRE, citing its strategic, operational, and financial strengths as unparalleled in the sector. He expressed enthusiasm for contributing to the company's future success.

The addition of Metcalfe to the board precedes his candidacy for election at CBRE's next Annual Stockholder Meeting. His arrival expands the board to 12 members. Beyond his corporate roles, Metcalfe is also engaged in nonprofit work, including serving on the Board of Directors for the Child Mind Institute and advising the Partnership Fund for New York City on real estate matters.

This move is part of CBRE's ongoing efforts to enhance its leadership team as the company continues to provide a comprehensive suite of services to clients across over 100 countries.

The information in this article is based on a press release statement from CBRE Group, Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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