CBRE Group, Inc. has promoted Michael L. Gerard to global president, valuations, a new position within the company. In his new role, Gerard will oversee the growth and integration of the company's global business line.
CBRE is a leader in valuations, having closed more than 118,000 valuation assignments around the world in 2012 alone, and growing the team to 1,500 professionals in 2013.
Mike Gerard will work closely with CBRE regional valuation leaders Tom McDonnell (Americas), Mike Steur (Asia Pacific) and Mark Creamer (Europe, Middle East, Africa) to enhance the company's offerings for its clients.
"The increasing flows of global capital into commercial real estate
has heightened the need for valuations that meet uniform, exacting standards around the world. CBRE is uniquely positioned to meet this need given the scope of our reach and the quality of our professionals," said Mike Lafitte, COO, CBRE. "Mike Gerard is a proven leader with deep knowledge of CBRE’s platform and our growth agenda. He has excelled in senior leadership positions of increasing responsibility, and we look forward to his contributions to our Global Valuations business."
Gerard has been with CBRE since 2005, most recently serving as president of the US Central Division where he provided oversight of 29 offices across nine states. Before that he was the chief learning officer, responsible for learning and development programs including CBRE University. He previously led the company's Midwest region, based in Southfield, MI. He holds a bachelor's degree and MBA from Michigan State University.