Newmark Hires Norm Taylor as President for Canada

Rhea-AI Summary

Newmark Group announces the addition of Norm Taylor as Country Head and President for Canada. Taylor, a top-performing industry veteran, will be responsible for Newmark's day-to-day brokerage operation in Canada and will play a role in the company's regional and global growth trajectory.

Positive

• Norm Taylor's addition to Newmark solidifies the company's commitment to its presence in Canada and its goal of increasing non-US revenues.
• Taylor's industry expertise will contribute to Newmark's regional and global growth trajectory.

Negative

• None.

NEW YORK, May 19, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading adviser and service provider to large institutional investors, global corporations and other owners and occupiers of commercial real estate, announces the addition of Norm Taylor as Country Head and President for Canada. A top-performing industry veteran with nearly 30 years of experience in sales, leasing, finance and executive leadership, Taylor will be based in Vancouver, British Columbia, and report to Kevin McCabe, President, Western Region.

"Norm's name is synonymous with success in Canadian real estate," said Barry Gosin, Newmark Chief Executive Officer. "His industry expertise solidifies our commitment to our presence in Canada and our goal of further increasing Newmark's non-US revenues."

In this newly created position, Taylor is responsible for Newmark's day-to-day brokerage operation in Canada, including strategic direction, business development, delivery of client service and recruitment, mentorship and retention of professionals.   

"Norm has distinguished himself amongst his peers, cultivating a well-deserved reputation as an influential market leader in Vancouver and across Canada," said McCabe. "He will play an invaluable role in continuing Newmark's regional and global growth trajectory."

Before joining Newmark, Taylor worked as Vice President of National Advisory and as Vice President & Managing Director of Real Estate Finance for the British Columbia Region at CMLS Financial. Taylor also previously served as Executive Vice President & Managing Director for the British Columbia Region at CBRE, Senior Vice President at JLL and Vice President at Colliers International.

"Newmark has firmly established itself as a global leader in commercial real estate services, with an already growing Canadian platform," said Taylor. "The opportunity to create, collaborate and innovate with the firm's deep roster of leading professionals, furthering Newmark's commitment to expand in this key market and provide unparalleled client service, made my decision to join Newmark an easy one."

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. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of March 31, 2023, Newmark's company-owned offices, together with its business partners, operate from over 170 offices with approximately 7,300 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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.

FAQ

Who is Norm Taylor?

Norm Taylor is the newly appointed Country Head and President for Canada at Newmark Group, Inc.

What will Norm Taylor be responsible for?

Norm Taylor will be responsible for Newmark's day-to-day brokerage operation in Canada, including strategic direction, business development, and client service.

What is Newmark's goal in Canada?

Newmark aims to increase its non-US revenues and expand its presence in the Canadian market.

What is Newmark's position in the commercial real estate industry?

Newmark is a global leader in commercial real estate services.