LONDON—James Raynor will succeed Jeffrey Weingarten in June as chief executive of Grosvenor Fund Management as Weingarten joins the Grosvenor Group's board of directors.

Raynor joined Grosvenor in 2004 and is currently chief investment officer of GFM, based in London. Previously he spent seven years based in Paris as the Royal Bank of Scotland's senior director of European real estate.

“I'm delighted to have James taking over the reins to build on the growth strategy we have put in place at GFM. His international vision and experience will stand us in good stead,” said Mark Preston, chairman of GFM and group chief executive of Grosvenor. “I'm very grateful to Jeffrey for his wise guidance of GFM over the past two years and am very pleased he is joining our main Board.”

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.