After nine years at Cordea Savills, Executive Chairman, John Partridge, has announced his resignation from the international investment management business. Partridge will remain involved with Cordea Savills as a senior adviser.
Formerly the founder and CEO of both the Morgan Grenfell and Henderson Property Fund Management businesses, Partridge joined Savills Fund Management in May 2003 with a mandate to transform the UK fund manager into a European investment management business.
Under his joint leadership with Justin O'Connor, the business built a strong platform by recruiting experienced senior individuals to complement the existing management team and created an independent fiduciary brand, Cordea Savills.
The business has successfully expanded across Europe and now has offices in London, Paris, Milan, Munich, Hamburg, Stuttgart, Düsseldorf, Stockholm and Luxembourg. As of May 2012, Cordea Savills employs over 120 people, with assets under management of over 3.8 billion.
Justin O'Connor, CEO of Cordea Savills commented: "John has performed a sterling job in helping develop Cordea Savills into the business it is today. We are a recognized investment manager and are well positioned for further growth. Our thanks go to John for his commitment and endeavour."
John Partridge responded: "It's been an exciting time at Cordea Savills and I'm very proud of what has been achieved, especially in challenging market conditions. There is a strong and well established leadership team in place and the business is about to enter a new stage of growth.
"I believe that it's an appropriate point for me to step down as Executive Chairman although I will remain involved with Cordea Savills in an advisory role whilst also considering other opportunities within the industry."
Source: Citigate Dewe Rogerson