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C&W's Forst: 'Risk Management Isn't There and It Should Be'

NEW YORK CITY-The CEO tells GlobeSt.com how the firm came to hire former NYPD commissioner Ray Kelly and establish a risk management division.

By Rayna Katz | Updated on March 06, 2014

NEW YORK CITY—One might assume that Cushman & Wakefield nabbed Ray Kelly, the former commissioner of the New York Police Dept., and then decided to create its new risk management services division. But, in fact, this series of events, announced  on Thursday, happened the other way around, CEO Ed Forst tells GlobeSt.com.

“When we looked at our business—we manage about a billion feet of real estate—it was clear that whether a threat is physical, reputational, a cyber issue or otherwise, risk management isn’t there and it should be,” he says. “I don’t mean security officers or dogs in the building; there’s so much else. And we’re trying to be more strategic with our clients, which means not just doing their transactions but bringing their businesses forward in a meaningful way.”

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