Who will succeed Fabrice Allouche at the helm of CBRE France? This question has been the subject of much discussion in recent months, and the answer came this morning in a press release.
Raphael Brault, chief investment officer Europe and head of France at AEW, will become chairman and chief executive of CBRE in France as of January 1.
Fabrice Allouche, who decided to step down on December 31, will continue to support the company in an advisory capacity, the press release said. Marco Hekman, chairman, advisory services, Continental Europe and UK & Ireland, CBRE, said: “Fabrice has led the business for 12 years and has supported its growth over this time. We thank Fabrice for his successful leadership and ongoing commitment to CBRE. He will be handing over the business in a strong position to a brilliant successor. Raphael is perfectly positioned to lead our market-leading team in France. We look forward to sustaining our momentum and building on our strengths across the market under his strong leadership."
Brault spent over 10 years at Morgan Stanley, where he headed the commercial real estate structured finance team for France, Benelux and Spain.
Aged 50 and a graduate of ESSEC Business School (Master's degree in Finance), he has solid expertise in finance and commercial real estate. "His experience, in-depth knowledge of the sector and recognized leadership will enable him to continue and strengthen CBRE's momentum in France, accentuating differentiation with all its stakeholders", assures the group.