Hong Kong, November 4, 2014 – CBRE’s Ben Duncan will assume an expanded leadership role as President, North Asia, effective from January 1, 2015, taking on responsibility for CBRE’s Japan, China, Korea, Hong Kong, Taiwan and Macau businesses. He will also retain his current position as President & CEO of CBRE Japan, and will continue to play a significant role in leading CBRE’s Japan business, working closely with Yoshihiro Watanabe. Mr Watanabe was named Chief Operating Officer for CBRE Japan in October.
Mr Duncan will be based in Hong Kong from early 2015 and will be travelling between Hong Kong and Tokyo, as well as the other markets within his new remit.
Yoshiro Watanabe; Ivan Poon, President of CBRE China; Craig Shute, Senior Managing Director for CBRE Hong Kong, Macau & Taiwan; and Steve Kim, Managing Director for CBRE South Korea, will all report into Mr Duncan from January 1, 2015. Mr Duncan continues to report into Danny Queenan, CEO for CBRE Asia Pacific.
Mr Queenan commented:
“Ben, alongside his leadership team, has been instrumental in the successful integration of our Japan business since it was fully acquired by CBRE in 2010. Under his leadership, CBRE’s Japan business has also enjoyed excellent revenue growth.”
“Ben’s appointment reflects a key element of our Global Strategy to place top talent into enhanced leadership roles. The strong performance of the business in Japan, and the role Ben has played in driving this, have been a significant contributor to the overall growth and results we have experienced in Asia Pacific. We are excited to welcome him to his new role.”
Mr Duncan commented:
“It has been a tremendous privilege to work with the best and brightest in building CBRE’s award-winning presence in Japan. I am excited to work more broadly with our regional leadership to enhance our client offering and further our strategic goal of becoming a truly world class organization.”
Mr Duncan has 21 years of real estate experience, 18 in Asia Pacific. He began his career in London with DTZ, before relocating to Hong Kong in 1996 to lead the company’s Corporate Real Estate Services platform there and across China. During his career in Hong Kong, Mr Duncan was responsible for marketing some of the territory’s leading mixed use developments, including Chater House, IFC, Pacific Place and Taikoo Place. In 2004, he joined CBRE and relocated to Tokyo to build the company’s occupier business, before leading the integration of a large Japanese real estate services firm after it was acquired by the company. He became President & CEO of CBRE’s Japan business in 2012.\
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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