Savills Investment Management 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. Alex will be responsible for leading the next stage of Savills IM’s global growth, which has already seen the company increase its assets under management from €6.5bn (£5.6bn) in 2015 to over €18.5bn (£16bn) today, raising more than €2.7bn (£2.4bn) of new capital in 2018.
Alex brings with him a track record of success. 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, he was Chief Executive of M&G Real Estate, based in London, where he led the significant growth of the firm from c.€17.3bn (£15bn) AUM in 2012 to over €34.6bn (£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.
Mark Ridley, Chief Executive Officer at Savills PLC, commented: “I am delighted to welcome Alex as CEO of Savills IM. His experience will be instrumental in leading a strong management team to deliver our aspirations for the business over the coming years. The fact he will be based in Singapore is a clear demonstration of the importance we attach to Savills’ future growth potential in the Asia Pacific region, linked to our strong UK and European platform. The board and I look forward to working with him. I would also like to thank Kiran Patel for stepping into the role of acting CEO since mid-2018, and for his and Nick’s leadership of the business during this period of transition.”
