TORONTO, March 15, 2012 – CBRE Canada is pleased to announce the appointment of Paul Morassutti as Executive Vice President and Senior Managing Director of the company’s Valuation and Advisory and associated businesses. Based in the Company’s Toronto Downtown office, Mr. Morassutti, working with the existing Canadian team, will lead the Valuation and Advisory business across Canada and will be a member of the Canadian Management team.
“We have been looking to further develop our reach in this business and when the opportunity to bring Paul onto the team arose, we seized it,” said Stefan Ciotlos, President of CBRE Limited.
Mr. Morassutti is an AACI, MRICS with over 20 years of experience in the business. Previously, he served as the Chief Operating Officer of a global real estate information and data firm where he was responsible for overseeing global operations across all business units and was instrumental in shaping overall corporate strategy. Mr. Morassutti has authored numerous articles and is a frequent guest speaker at commercial real estate conferences and events. He is a member of the Royal Institute of Chartered Surveyors, holds an Accredited Appraiser Institute designation and sits on the Advisory Board for the Schulich School of Business MBA program in Real Estate and Infrastructure.
“Paul is a respected leader in the field and brings with him a breadth and depth of experience that is unparalleled,” added Ciotlos. “His appointment is a further step towards strengthening our Canadian leadership team and enhancing our service platform for our clients across the country.”
The Valuation & Advisory Services Group spans North America and is comprised of experienced professionals, providing appraisal and consulting services to a broad-based local and national and international clientele. With a professional staff of more than 400 appraisers and a local presence in more than 60 major metro areas, CBRE focuses on the needs of our clients with a commitment to providing a high-quality product produced in a timely manner at a reasonable cost.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
In Canada, CBRE Limited employs approximately 1,850 people in 24 locations from coast to coast. Please visit our Web site at www.cbre.ca.