Cushman & Wakefield has announced the appointment of Sergey Riabokobylko as General Director of its Moscow office with effect from June 1, 2012.
Riabokobylko, Senior Executive Director, Partner and Co-Founder of Stiles & Riabokobylko which was acquired by Cushman & Wakefield in 2005, will succeed Tim Millard who has served as General Manager of Cushman & Wakefield, Russia since 2010. Millard will relocate to London and work within the cross-border capital markets team headed by Michael Rhydderch.
Riabokobylko is a Partner and Member of the Board of Management and co-founder of Cushman & Wakefield in Russia. As General Director he will be responsible for the firm's overall management and strategic development in Russia. He began his commercial real estate career in Moscow in 1994, and has experience in investment and development advisory, brokerage, corporate property strategy, investment sales and marketing.
Riabokobylko holds a degree in Linguistics from the Moscow State Linguistics University. He also studied Literature and International Relations at Pomona College and Real Estate Finance at CIREI in the US. In 2006, he completed executive management studies at INSEAD in France. He is a Fellow of the Royal Institution of Chartered Surveyors.
Tim Millard began his long and successful career with Cushman & Wakefield, Russia in 2003 and set up and ran the Valuation and Development Consultancy teams for five years. He was appointed General Director of the Moscow Office in 2010 succeeding Mark Stiles.
Cushman & Wakefield has more than 15 years of history in Russia with more than 150 employees working in the Moscow office. In 2011, Cushman & Wakefield in Russia advised on a number of milestone deals in all sectors of commercial real estate and maintained a leadership position in capital markets and office sectors.
In 2011, Cushman & Wakefield advised on three of the top five largest office market deals in Russia, among them the largest office lease transaction between Hals Development and Mail.Ru Group of 29,900 m² at the SkyLight Business Center in Moscow.
Paul Bacon, CEO of Cushman & Wakefield in EMEA said: "Sergey has a unique understanding of the Russian market and our operations in Moscow. We are delighted that he has accepted the challenge to lead our Russian business through its next phase of growth as the market recovers and by continuing to provide the highest level of service to our clients.
"We thank Tim for his significant contribution to the success of our Russian business over the past 10 years. He has a wealth of experience of CEE investment markets and will be a valuable addition to our cross-border capital markets team based in London."
Source: Cushman & Wakefield