NEW YORK CITY—John D. Busi, who joined Cushman & Wakefield 34 years ago, has been promoted to CEO of its Global Valuation & Advisory group.
Busi takes on his new post after serving as global head of the group since 2013. He also serves on the firm's global management committee. Cushman & Wakefield's V&A group consists of approximately 700 professionals operating in 99 offices in 28 countries.
“John's promotion to CEO of Global Valuation & Advisory recognizes his 'client only' approach to leadership, talent development and collaboration. He has created a differentiated service offering working with the world's largest investors and lenders to provide the most sophisticated knowledge involving complex real estate on a global scale,” says C&W president and CEO Edward C. Forst.
Under Busi's leadership, the V&A group significantly enhanced its platform by adapting to asset class specialization and introducing nearly 20 new specialty practice groups. He also led the launch of a state-of-the art technology initiative and built an industry leading quality control platform, the company says.
In 2014, the V&A group completed appraisals with a record global value exceeding $1.2 trillion, including some of the most significant acquisitions, financings and recapitalizations in the world.
Busi joined Cushman & Wakefield in 1981 in the firm's property accounting group in New York City and in 1990 was promoted to head the New York V&A practice. In 2004, he assumed national oversight responsibilities and was instrumental in doubling the firm's office network in the U.S. When he later assumed the role of head of V&A for the Americas region, Busi was active in the continued globalization of the firm's management structure while guiding organizational growth in the Americas region.
He is a designated member of the Appraisal Institute and a fellow of the Royal Institution of Chartered Surveyors. Busi is a former president of the Metropolitan New York Chapter of the Appraisal Institute and a past recipient of the Appraisal Institute's “Person of the Year” award.
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