Cushman & Wakefield Announces Global Executive Promotions To Enhance Client Service

31 Jan, 2006, New York, NY

World's largest privately held commercial real estate services firm expands global leadership team

Cushman & Wakefield announced today an expanded global corporate structure and the promotion of key executives to more efficiently serve its clients worldwide. The new structure is organized geographically, as well as by business line and corporate department.

"Cushman & Wakefield is aligning itself to meet the present and future global needs of our clients," said Bruce Mosler, President and Chief Executive Officer of Cushman & Wakefield. "In today's global economy, it's crucial for a firm like ours to continue to provide the highest integrated real estate services on a worldwide basis. Our global executive team boasts the most talented professionals in our industry and each of them brings sophisticated business knowledge and the ability to deliver for clients worldwide."

Charged with expanding Cushman & Wakefield's global service delivery are:

John C. Santora, who has been named Chief Operating Officer. In his new position, Mr. Santora, who previously globalized the firm's Asset Services Group, will work with Mr. Mosler and senior level management around the world. As COO he will continue to build and maintain a global platform, ensuring the firm delivers its services on a worldwide basis.

Mr. Santora joined Cushman & Wakefield in 1977. During his career, he has held a variety of operational and managerial positions with increasing authority and responsibility within the Asset Services Group. Prior to being named COO, Mr. Santora served as Executive Vice President of Asset Services. He has been directly involved in the servicing of many national and international accounts including Chase, Prudential, Citigroup, MetLife and Lucent. In addition, Mr. Santora directed Cushman & Wakefield's International Asset Services in Brazil and Mexico and its expansion in Asia and Europe.

Christopher Lowery, who has been named CEO Global Capital Markets and Principal Activities. In his new position he will direct and oversee Capital Markets, a segment of the real estate industry that has been a huge driver throughout the global market. Mr. Lowery was previously Executive Vice President of Capital Markets, and has been with Cushman & Wakefield since 1988. Prior to serving as Executive Vice President, Mr. Lowery was National Director of the Structured Finance unit, and he was a member of the management team for Financial Services, with particular responsibility for originating and overseeing corporate assignments involving capital transactions.

To globally integrate the firm further, three regional CEOs have been named: Tony Marano, CEO of the Americas; John Travers, CEO of Europe; and Michael Thompson, CEO of Asia. In addition to having responsibility for their global region, the three CEOs will work together and with Mr. Mosler to provide consistent, quality service to Cushman & Wakefield's clients.

Tony Marano was previously Cushman & Wakefield's Chief Operating Officer for U.S. Operations. Prior to joining Cushman & Wakefield, Mr. Marano was Vice President of Business Services at Lucent, with the company's real estate functions among several units reporting to him. Prior to that, he was real estate Vice President for Lucent, responsible for asset management, property management, engineering and real estate dispositions. Mr. Marano oversaw a 70-million-square-foot portfolio, and had executive responsibility for Lucent's corporate real estate holdings.

John Travers was previously Chairman and Senior Partner of Cushman & Wakefield's European operations, focusing on the offices throughout Europe. He has been with the firm since 1975 and was branch manager of the Brussels office for 20 years.

Michael Thompson was previously Group Chief Executive Officer of Cushman & Wakefield Asia Pacific, responsible for developing Cushman & Wakefield's expanding regional business and increasing the company's market share in Asia Pacific. Prior to that, he served as Managing Director of the firm's India operations, making aggressive inroads in expanding Cushman & Wakefield's services, market share, and presence in the region. Based in New Delhi, he opened Cushman & Wakefield offices in Mumbai, Bangalore and Chennai.

Mr. Santora, Mr. Lowery, Mr. Marano, Mr. Travers and Mr. Thompson are all members of Cushman & Wakefield's Board of Directors.

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Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.

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