Khourie was a senior leader at TCC for 29 years—a time frame that overlapped with its acquisition by CBRE—before moving over to GI in 2009. “Matt has made many vital contributions to Global Investors during his tenure as CEO, including delivering strong investment performance for its clients and expanding its footprint,” Sulentic says. “He is particularly well-suited to lead our Trammell Crow Co. business. He is returning to a business where he enjoys tremendous relationships, having been an extremely successful executive at the firm for many years.”

TCC's CEO since 2011, Danny Queenan, who was also named COO of CBRE GI this past August, will now focus on running CBRE GI's operations and strategic initiatives. Although he'll no longer have a day-to-day role in TCC, he will remain active in this business at a strategic level, serving on its board of directors.

LOS ANGELES—As part of a series of leadership changes in its real estate investment subsidiaries, CBRE Group has promoted Ritson Ferguson to CEO of CBRE Global Investors. Matt Khourie, who has led CBRE GI for the past six years, is returning to CBRE subsidiary Trammell Crow Co. as its CEO.

Ferguson has served on GI's global investment committee since 2011 and as its CIO since last year. He'll also remain CEO of CBRE Clarion Securities, the company's real estate securities business.

Before joining CBRE GI, Ferguson was on the global management committee of ING Real Estate Investment Management. He was one of the founding principals who formed the predecessor entity to CBRE Clarion Securities.

Bob Sulentic, CBRE's president and CEO, says Ferguson is “the ideal successor for Matt” at GI. “He has outstanding investment acumen, experience running global strategies and producing great outcomes for our clients, as well as a deep understanding of the Global Investors business, including leading firm-wide investment strategy and execution as CIO.”

Khourie was a senior leader at TCC for 29 years—a time frame that overlapped with its acquisition by CBRE—before moving over to GI in 2009. “Matt has made many vital contributions to Global Investors during his tenure as CEO, including delivering strong investment performance for its clients and expanding its footprint,” Sulentic says. “He is particularly well-suited to lead our Trammell Crow Co. business. He is returning to a business where he enjoys tremendous relationships, having been an extremely successful executive at the firm for many years.”

TCC's CEO since 2011, Danny Queenan, who was also named COO of CBRE GI this past August, will now focus on running CBRE GI's operations and strategic initiatives. Although he'll no longer have a day-to-day role in TCC, he will remain active in this business at a strategic level, serving on its board of directors.