Newmark Expands International Capital Markets Group
Newmark Group, Inc. has expanded its International Capital Markets (ICM) group by hiring Frederick Wong and Joseph Morris as Executive Managing Directors for the Asia Pacific and Middle Eastern regions, respectively. This move is part of Newmark's strategy to enhance its global reach in commercial real estate services, supporting over $40 billion in transactions with offshore investors in the last five years. Wong, based in Hong Kong, brings over 20 years of experience while Morris, based in Dubai, has over 18 years in real estate capital markets.
- Strategic expansion of ICM group to enhance global market presence.
- Wong and Morris bring extensive experience with over $30 billion in cumulative transactions.
- Strengthened capabilities to facilitate cross-border capital flows in dynamic global markets.
- None.
After Newmark executes over
NEW YORK and HONG KONG, Oct. 13, 2021 /PRNewswire/ -- Newmark Group, Inc. announces the expansion of its International Capital Markets ('ICM') group with the hiring of Frederick Wong as Executive Managing Director, Asia Pacific Capital Markets and Joseph Morris, Executive Managing Director, Middle Eastern Capital Markets.
The new additions reflect Newmark's broader strategy to offer a comprehensive suite of commercial real estate services across key regions throughout the world, as the company continues to invest in recruiting and strategic acquisitions internationally. Additionally, they bolster the company's dedicated ICM team – a group led by Vice Chairman, Divisional Head of International Capital Markets Alex Foshay – which has executed over
"Newmark's capital markets capabilities have long served as a cornerstone of our platform, both domestically and internationally," said Newmark Chief Executive Officer Barry Gosin. "As geographical barriers for cross-border investment continue to disappear, we're eager to reinvest in this growing vertical with two key executive hires, both of which fortify our reach in some of the most dynamic global markets."
Based in Hong Kong, Frederick Wong will manage cross-border investment activity with ICM's clients throughout the Asia Pacific region. He brings over 20 years of experience across real estate investment banking and financial services, including both public and private capital market advisory. Over the course of his career, Wong has completed more than
Joe Morris will take on responsibility for investor groups across the Middle East region. Based in Dubai, Morris brings over 18 years' experience in real estate capital markets across all major real estate sectors in both buy-and-sell-side roles and has worked on over
"I'm excited to welcome Fred and Joe to the dedicated ICM team after what has been an extremely active year for our platform," said Foshay. "Our team has done an excellent job navigating the challenges of the pandemic to execute complex transactions, as non-domestic investors seek opportunities to capture today's low hedging costs, favorable financing and attractive levered returns in the U.S. market. With their breadth of experience and expansive regional networks, I'm confident that Fred and Joe will provide immediate value to our growing stable of clients."
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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SOURCE Newmark Group, Inc.
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