Veteran Morgan Stanley banking executive Guy A. Metcalfe has been appointed to the board of directors of Dallas-based CBRE, effective Feb. 26.
Metcalfe was a managing director and member of Morgan Stanley’s investment banking executive committee. He led its real estate investment banking business for more than two decades before retiring as global chairman on Jan. 31.
“Guy is one of the premier strategic advisors in the real estate industry. Our Board will be greatly enhanced by his deep knowledge of and broad perspective on our sector as well as his sharp strategic thinking as we plot a course for CBRE’s continued growth,” Bob Sulentic, CBRE’s chair and chief executive officer, said in a statement.
In more than 30 years at Morgan Stanley, Metcalfe advised clients on over $850 billion in transactions, CBRE said. He has served as a strategic advisor to CBRE and helped to consummate notable capital-raising mergers and acquisitions and capital markets transactions for the company.
Metcalfe also advised on some of the most transformational transactions in the real estate industry, including the mergers of each AMB Property Corp., KTR Capital Partners, Industrial Property Trust, Liberty Property Trust, and Duke Realty with Prologis; and, among others, Blackstone’s acquisitions of Trizec Properties, Equity Office Properties, Hilton Hotels, BioMed Realty Trust, Gramercy Property Trust, and QTS Realty.
He advised on numerous initial public offerings, follow-on offerings, significant private capital raises and secured and unsecured debt offerings, CBRE said.
“I’ve seen CBRE up close for many years and know its strategic, operational and financial strengths are unmatched in the real estate services sector,” Metcalfe said. “The company is extremely well positioned for the future and I’m excited to work with Bob and my fellow directors to help drive growth and excellence across the business.”
Metcalfe will stand for election at CBRE’s next Annual Stockholder Meeting later this year, and his appointment expands CBRE’s board to 12 directors.
He serves on the boards of nonprofits, including the Child Mind Institute, and has been an adviser on real estate matters to the Partnership Fund for New York City.
CBRE Group is a Fortune 500 and S&P 500 company and the world’s largest commercial real estate services and investment firm. It has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries.
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