Green tells GlobeSt.com that he has known Irvin since he was at JP Morgan. "He is widely experienced and we have always been looking for the perfect position for him with us, and this is it," adding that he is "confident that we've found the appropriate person to lead our efforts to offer interested outside investors the opportunity to participate financially in our developments here and abroad." Irvin will report directly to Green.
As president and CEO of RGIM, Irvin, who was previously was the senior managing director and Group Head of CIT Commercial Real Estate Group, will formulate the business strategy for the new company and will oversee the subsidiary's daily operations. "We envision Rockefeller Group Investment Management as the entity through which we will ultimately coordinate all of our investment management activities," Green says, "and will raise funds to underwrite a greatly expanded real estate development program in the future."
Irvin tells GlobeSt.com that although the company is currently working on a specific strategy for the new subsidiary, he notes that it will focus on how to anchor a global non-US platform. "We are looking into acquisition opportunities, joint venture opportunities and should have it better defined by the end of the year." He continues that there will be increased opportunity globally for the next three to five years, and that adding this investment management arm is a natural complement to Rockefeller's existing platforms.
Irvin tells GlobeSt.com that he has worked with the company over the years, and has known and admired the strategy the company employs. "I could not think of a better place to join or of a better time to join," he says. "The company stays focused and has stayed true to its core assets over the years."
Prior to Irvin's role at CIT, which provided real estate advisory and financial services to corporate and institutional clients, Irvin was an executive managing director and head of the transaction consulting group of Cushman & Wakefield from 2001 to 2005. Before joining C&W he worked at J.P. Morgan Securities Inc. as senior member of the firm's real estate investment banking group in New York City.
Irvin has also been a financial and development advisor to major corporate and financial institutions in New York City, primarily with Jones Lang LaSalle, formerly LaSalle Partners Inc. and served with LaSalle Partners in Chicago and New York in various positions advising clients in the areas of property acquisitions, corporate finance and strategic advisory services.
The Rockefeller Group's other subsidiaries currently in place include the Rockefeller Group Development Corp., the Rockefeller Group Technology Solutions Inc., the Rockefeller Group Business Centers Inc. and CommonWealth Partners LLC.
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