NEW YORK--(BUSINESS WIRE)--International real estate advisor Savills has today, 04 September 2014, announced that with effect from 01 October 2014, UK CEO Mark Ridley will also assume the additional role of overseeing the firm’s European operations and will become Savills CEO for UK and Europe.
This change will coincide with Savills existing European CEO, Borja Sierra, taking on a new and important strategic role at Savills Studley in the US as Head of US Capital Markets, based in New York, with the brief to grow this business with the help of the existing Savills Studley teams.
Having joined Savills in 1998, Borja Sierra was responsible for its Spanish business for 10 years before he moved to Savills New York in 2008 to run the cross-border investment team. In 2010 he was appointed CEO of Savills European business.
Jeremy Helsby, CEO of Savills Plc, comments: “The recent acquisition of Studley has had a hugely positive impact on our business and we are already seeing the benefits flowing into the UK, Europe and Asia as these relationships grow. It is therefore appropriate to now consider a closer integration of the UK and European businesses to further improve the service that we provide to our clients.
“As the European markets continue to recover there is a need to develop the synergies between the UK and Europe and grow many of our core operations to take advantage of the recovery. Mark Ridley, in his new role as CEO of these two businesses, is well placed to achieve this objective based on his extensive experience leading the Commercial business since 2008 and also the successful integration of our two UK subsidiaries in January 2013.
“In the US, we are very excited about the opportunity to grow our Capital Markets business further alongside our existing strong and market leading Savills Studley occupier business. Borja’s previous experience and knowledge of the US and European teams and markets make him ideally suited to maximise the opportunities across the group.”