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Paul Bacon becomes CEO of Cushman & Wakefield EMEA |
 Paul Bacon, officially became Chief Executive Officer
of Cushman & Wakefield EMEA operations on 1 January 2007,
commencing a new era of leadership in the region for the world’s
pre-eminent global real estate services consultant. Paul Bacon was
previously Deputy Senior Partner of C&W in EMEA and succeeds the
CEO of C&W EMEA, John Travers who led the firm in the region for
seven years.
Mr. Bacon will lead the firm’s EMEA operations which extend to 1,700
employees in 33 countries. Paul will be one of three regional CEOs
reporting to Chief Operating Officer of Cushman & Wakefield, John
C. Santora. Cushman & Wakefield’s other regional CEOs are Tony
Marano for the Americas and Michael Thompson for Asia.
He joined the firm in 1984 and started his career in London
specialising in the UK office and industrial sector. In 1990, he
transferred to Milan where he established the firm’s Italian operations
which now total 100 people in three offices in Milan, Rome and Bologna.
During his career he has been actively involved in overseeing the
expansion of the firm’s highly successful Central and Eastern European
operations as well as the firm’s entry into the Russian market in 2004.
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Mr Bacon is a member of Cushman & Wakefield’s International Board
of Management. He has specific responsibility for, and chairs the
Boards of the Czech Republic, Hungary, Poland, Russia and Italy. He is
a Capital Markets specialist, and as lead European partner of Cushman
& Wakefield’s Global Capital Markets Group, has led the firm’s
rapidly growing 250-strong pan-European Capital Markets team which last
year transacted deals totalling in excess of €14.5 billion.
“Paul Bacon has been at the forefront of C&W’s expansion in a
region where we continue to identify opportunities for our rapid
growth,” said Bruce E. Mosler, President & Chief Executive Officer
of Cushman & Wakefield. “Paul has also helped shape our successful
Capital Markets presence in Europe, and he will remain extraordinarily
effective as we continue to integrate our global platform.”
In February 2006, the firm reported a record turnover for EMEA in 2005
of £164 million (an increase of 28% on 2004) with profits rising by
61%. Cushman & Wakefield’s EMEA operations accounted for 23% of the
firm’s global revenues which increased by 21% to $1.2 billion in 2005
(2004: $1 billion). All 23 of Cushman & Wakefield’s offices
throughout Europe, which are a single partnership, were profitable in
2005. 2006 Revenues will be announced in late Jan / early Feb 2007. |
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