Savills has announced a series of changes across Europe, the Middle East and Africa.
The global broker said the changes had been made to deliver continuing growth.
With effect from January, James Sparrow, currently chief executive, EMEA, will become chairman, Savills EMEA, and continue as CEO of Savills UK.
For a video interview with Sparrow at the Mipim real estate conference in Cannes this year about the business, including the Middle East, click here.
Jaime Pascual-Sanchiz, CEO, Savills Iberia, will step up to chairman, Savills Iberia and take on the role of CEO, Savills Continental Europe.
Steve Morgan, CEO Savills Middle East, will broaden his responsibilities to become CEO of the Middle East and Africa.
Alejandro Campoy, managing director, Savills Spain, will become CEO Savills Iberia.
Pascual-Sanchiz, who was appointed CEO of Savills Spain in October 2018, had previously served as executive managing director. He has more recently held the role of head of Southern Europe (Spain, Portugal, and Italy) and CEO of Savills Iberia, roles he has held concurrently. He has a background in capital markets and investment management.
Morgan has held a leadership role in the United Arab Emirates since 2009, and been CEO of the Middle East since Savills bought the Cluttons Middle East business in 2018.
Savills said it has significantly expanded both its service lines and its geographical coverage led by Morgan. He has more recently championed the group’s focus on further selective expansion into Africa, Savills said.
Alongside these promotions, Javier Echeverría, COO of Savills Spain, will step up to become CFO and COO, Savills Continental Europe.
Simon Shaw, CEO of Savills, said in a statement: “Savills’ greatest strength is the quality of our people. These appointments both reflect that strength and our focus on developing our business within both the existing, and developing, markets of EMEA. I look forward to working with the team, alongside the EMEA Board, to continue the focused growth of Savills in the region.”
In August Savills posted soaring pretax profits in the half year ended 30 June as it said its acquisition of Eastdil Secured had positioned it for strong growth.
Savills reported group revenue up 9% to £1.225 billion from £1.127 billion in the prior half-year period, with year-on-year growth reported across all business segments.