CBRE to split senior executive roles

CBRE has revealed plans to divide up the responsibilities of its chief financial officer and chief investment officer into two senior executive positions. Jim Groch, currently CBRE’s chief financial officer and head of corporate development, is to become the company’s global group president and chief investment officer. He will continue to focus on opportunities to deploy capital in the company’s merger-and-acquisition programme and to allocate capital that will be invested by its real estate investments businesses – functions he has overseen for the past 10 years. The new CFO position, based in Dallas, will oversee CBRE’s finance and accounting organisation,