Cushman & Wakefield has announced the appointment of Bryan Laxton as CEO of its UK business with effect from 1st January 2009. Bryan will report to Paul Bacon, CEO of Cushman & Wakefield EMEA, and will be responsible for leading the firm's UK business operations which extend to 760 employees in seven offices.
Cushman & Wakefield's UK business has expanded and diversified rapidly over recent years and accordingly, this new CEO role has been created to provide management focus and leadership specifically for the UK. Bryan will work closely with the UK management committee and department heads to oversee the day to day running of the business as well as its continuing expansion.
Cushman & Wakefield also announced today that David Erwin, partner and current head of investment agency, has been appointed to replace Bryan in his current role of CEO of the 120-strong UK capital markets team.
Bryan joined the firm in 1981. He was appointed a salaried partner in 1989, an equity partner in 1997, a member of the UK management board in 2003 and an EMEA board member in 2006. Throughout his career he has specialised in financial and strategic advice and was appointed CEO of the UK capital markets group in 2006.
Bryan is also managing director of Cushman & Wakefield Finance Ltd, a company regulated by the Financial Services Authority, advising on indirect property investment and all forms of property finance, including senior and mezzanine debt as well as joint venture arrangements. He is a member of the Royal Institution of Chartered Surveyors and authorised by the Financial Services Authority and is the current Chairman of the Reading Real Estate Foundation.
"Bryan has proved to be an outstanding member of our leadership teams in the UK and Europe and has been the driving force behind our highly successful capital markets business in the UK," said Paul Bacon, CEO of Cushman & Wakefield in EMEA. "There is significant potential for expanding our presence in the UK and Bryan will play a critical role in leading our business as we continue to identify opportunities to grow and increase market share."
Commenting on his new appointment, Bryan Laxton said: "I welcome this opportunity to lead our UK business forward in what are clearly challenging times for the whole industry. During these unfavourable economic and market conditions our priority is to stay close to our clients and to take advantage of opportunities that arise to ensure that we emerge from this difficult period an even stronger player in the market."
Source: Cushman & Wakefield