Charles "Chuck" Leitner, CEO of real estate money manager CBRE Investment Management, retired at the end of 2022, and, as a result, Danny Queenan, CEO of CBRE's Real Estate Investments business segment, will oversee the unit, spokeswoman Pam Barnett said in an email.
Mr. Leitner joined CBRE in 2019 from real estate manager Berkshire Group, where he was president and CEO. In the email, Ms. Barnett said, "We thank Chuck for his impactful leadership and congratulate him on his well-earned retirement following a career that has spanned more than 40 years."
As a result of Mr. Leitner's departure, parent company CBRE restructured the leadership structure of CBRE Investment Management under the leadership of Mr. Queenan to whom Mr. Leitner had been reporting. Mr. Queenan has overall responsibility for CBRE Investment Management's business strategy.
Reporting to Mr. Queenan directly are Andy Glanzman, president of CBRE Investment Management; Kim Hourihan, chief investment officer; and Bernie McNamara, head of client solutions.
CBRE Investment Management has about $143.9 billion in assets under management.