Scott D. Brown, global president of real estate money management firm Cornerstone Real Estate Advisers, is taking on the additional global role of CEO, Mr. Brown said.
He is replacing David J. Reilly, who will step down from day-to-day operations of the $45 billion firm on April 30 but will remain on the board as vice chairman.
Mr. Brown, who was hired in February as part of the firm’s succession plan, will join the board.
