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CBRE Global Real Estate Income Fund (NYSE: IGR) Appoints New Trustee

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The CBRE Global Real Estate Income Fund (NYSE: IGR) has appointed Peter F. Finnerty as an independent Trustee to its Board, effective July 31, 2024. Finnerty brings extensive experience in the mutual funds industry, financial reporting, and risk management. He previously led PwC's Mutual Funds Practice and served as the US Mutual Fund Leader for PricewaterhouseCoopers L.L.P. Finnerty is a Certified Public Accountant and an Audit Committee Financial Expert. CBRE Investment Management, the parent company, manages $142.5 billion in assets as of June 30, 2024, operating globally in real assets investment management.

Il CBRE Global Real Estate Income Fund (NYSE: IGR) ha nominato Peter F. Finnerty come Trustee indipendente nel suo Consiglio, con effetto dal 31 luglio 2024. Finnerty porta con sé una vasta esperienza nel settore dei fondi comuni, nella rendicontazione finanziaria e nella gestione dei rischi. In precedenza ha guidato la Pratica dei Fondi Comuni di PwC e ha ricoperto il ruolo di Leader dei Fondi Comuni negli Stati Uniti per PricewaterhouseCoopers L.L.P. Finnerty è un Commercialista Certificato e un Esperto Finanziario nella Commissione di revisione. CBRE Investment Management, la società madre, gestisce 142,5 miliardi di dollari in attività al 30 giugno 2024, operando a livello globale nella gestione degli investimenti in beni reali.

El CBRE Global Real Estate Income Fund (NYSE: IGR) ha nombrado a Peter F. Finnerty como Trustee independiente en su Junta, con efecto a partir del 31 de julio de 2024. Finnerty aporta una amplia experiencia en la industria de fondos mutuos, informes financieros y gestión de riesgos. Anteriormente, lideró la Práctica de Fondos Mutuos de PwC y se desempeñó como Líder de Fondos Mutuos en EE. UU. para PricewaterhouseCoopers L.L.P. Finnerty es un Contador Público Certificado y un Experto Financiero en el Comité de Auditoría. CBRE Investment Management, la empresa matriz, gestiona 142,5 mil millones de dólares en activos hasta el 30 de junio de 2024, operando a nivel global en la gestión de inversiones en activos reales.

CBRE 글로벌 부동산 소득 펀드(NYSE: IGR)가 Peter F. Finnerty를 독립 이사로 임명했습니다. 이는 2024년 7월 31일부터 효력이 발생합니다. Finnerty는 뮤추얼 펀드 산업, 재무 보고 및 리스크 관리 분야에서 풍부한 경험을 가지고 있습니다. 그는 이전에 PwC의 뮤추얼 펀드 팀을 이끌었고, PricewaterhouseCoopers L.L.P.의 미국 뮤추얼 펀드 리더로 재직했습니다. Finnerty는 공인 회계사이자 감사위원회 재무 전문가입니다. CBRE Investment Management, 모회사,는 2024년 6월 30일 기준으로 1,425억 달러의 자산을 관리하며, 실제 자산 투자 관리 분야에서 전 세계적으로 운영되고 있습니다.

Le CBRE Global Real Estate Income Fund (NYSE: IGR) a nommé Peter F. Finnerty comme Administrateur indépendant de son Conseil, à compter du 31 juillet 2024. Finnerty apporte une vaste expérience dans l'industrie des fonds communs, la comptabilité financière et la gestion des risques. Auparavant, il a dirigé la Pratique des Fonds Communs chez PwC et a occupé le poste de Leader des Fonds Communs aux États-Unis pour PricewaterhouseCoopers L.L.P. Finnerty est Expert-Comptable Certifié et Expert Financier du Comité d'Audit. CBRE Investment Management, la société mère, gère 142,5 milliards de dollars d'actifs au 30 juin 2024, opérant mondialement dans la gestion des investissements en actifs réels.

Der CBRE Global Real Estate Income Fund (NYSE: IGR) hat Peter F. Finnerty als unabhängigen Treuhänder in seinen Vorstand berufen, mit Wirkung zum 31. Juli 2024. Finnerty bringt umfassende Erfahrung in der Branche der Investmentfonds, in der Finanzberichterstattung und im Risikomanagement mit. Zuvor leitete er die Praxis für Investmentfonds bei PwC und war der US-Leiter für Investmentfonds bei PricewaterhouseCoopers L.L.P. Finnerty ist ein Certified Public Accountant und ein Finanzexperte im Prüfungsausschuss. CBRE Investment Management, das Mutterunternehmen, verwaltet zum 30. Juni 2024 Vermögenswerte im Wert von 142,5 Milliarden Dollar und ist weltweit im Bereich des Managements von Investitionen in reale Vermögenswerte tätig.

Positive
  • Appointment of an experienced industry leader to the Board
  • New Trustee brings extensive financial reporting and risk management expertise
  • Parent company CBRE Investment Management has $142.5 billion in assets under management
Negative
  • None.

PHILADELPHIA--(BUSINESS WIRE)-- The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE: IGR) announced today that Peter F. Finnerty has been appointed to the Board and joins as an independent Trustee effective July 31, 2024.

“We welcome Peter to the Board and feel his expertise and background are very relevant and complementary to our other Board members,” commented Ritson Ferguson, Chairperson of IGR’s Board. “He has extensive relevant experience and perspective on strong governance practices within the investment management business which will benefit our shareholders.”

Mr. Finnerty is a uniquely experienced mutual funds industry leader with extensive financial reporting, operational and risk management experience. For over 12 years, he was the leader of PwC’s Mutual Funds Practice, the largest provider of professional services to the industry. He has served as the lead engagement partner on three of the top ten mutual funds complexes.

Prior to his recent retirement, Mr. Finnerty served as the US Mutual Fund Leader for PricewaterhouseCoopers L.L.P. (PwC). His duties included driving practice initiatives relating to quality, human capital, and client experience, coordinating Firm relationship with SEC and ICI on all mutual fund industry matters, and establishing PwC’s thought leadership and benchmarking agenda for the mutual fund industry. He also served as the Global Asset & Wealth Management Assurance Leader. His duties included determining market-facing activities for the leading global provider of assurance services to the asset management industry and responsibility for directing PwC’s global asset management innovation and technology initiatives across the sector’s global practice.

Mr. Finnerty is a Certified Public Accountant (New York and Massachusetts), a member of the American Institute of Certified Public Accountants, and an Audit Committee Financial Expert (ACFE under Sec 407 of the Sarbanes-Oxley Act). Additionally, he is a frequent speaker/panelist at industry conferences, an author of numerous articles and thought leadership on the mutual fund industry, a former member of ICI Accounting/Treasurers’ Committee; Treasurer for Boston Financial Services Leadership Counsel, and a member of the Audit Committee of the Town of Brookline, Massachusetts. Mr. Finnerty earned his Bachelor of Arts in Economics from Amherst College.

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $142.5 billion in assets under management* as of June 30, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people, and communities thrive. CBRE Investment Management Listed Real Assets LLC is a separately registered investment adviser within CBRE Investment Management that specializes in the management of global listed real assets solutions.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE: CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). CBRE has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information about CBRE Investment Management, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

Analyst and Press Inquiries:

David Leggette

+1 610 995 7349

david.leggette@cbreim.com

Investor Relations:

+1 888 711 4272

www.cbreim.com/igr

Source: CBRE Global Real Estate Income Fund

FAQ

Who is the new Trustee appointed to the CBRE Global Real Estate Income Fund (IGR) Board?

Peter F. Finnerty has been appointed as an independent Trustee to the Board of CBRE Global Real Estate Income Fund (NYSE: IGR), effective July 31, 2024.

What is Peter F. Finnerty's background and expertise relevant to IGR?

Finnerty has extensive experience in the mutual funds industry, financial reporting, and risk management. He previously led PwC's Mutual Funds Practice and served as the US Mutual Fund Leader for PricewaterhouseCoopers L.L.P.

When does Peter F. Finnerty's appointment to the IGR Board take effect?

Peter F. Finnerty's appointment to the Board of CBRE Global Real Estate Income Fund (NYSE: IGR) takes effect on July 31, 2024.

What is the current assets under management for CBRE Investment Management, IGR's parent company?

As of June 30, 2024, CBRE Investment Management has $142.5 billion in assets under management.

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