Maddox commented in a company statement that, "While this is a difficult decision for me, I believe it is in the best interest of our investor partners, who deserve my complete and undivided attention to the performance and execution of the Strategic Partners US investment programs. In order to live up to our investors' trust and maximize the success of the capital currently invested in these funds, I need to fully commit my attention and energy to these initiatives while Matt focuses full-time on managing the strategic direction and operation of the overall firm."
Prior to his stint at CBRE Investors, Khourie served for 29 years with Trammell Crow Co., where he most recently served as president, Development & Investment in the Southeast. Khourie was a member of the TCC executive and investment committees, setting policy and strategy for TCC, as well as reviewing and approving TCC investment decisions.
This is the latest in a series of executive management changes at the firm. In addition to Khourie, CBRE Investors has added Peter DiCorpo as global COO and head of Continental Europe and Shaun O'Connor, global CFO head of risk management.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.