Private equity real estate investor, Henley Investments, has enhanced its senior management team with the appointment of Stuart Savidge (pictured) as Chief Financial Officer.
Previously filling the joint role of Chief Operating Officer and Chief Financial Officer at CBRE Global Investors, Savidge has also held positions at Prestbury, JP Morgan, Apollo and Morgan Stanley.
His move to Henley will allow its current chief financial officer, Andy Brandon, to take over the role of Chief Investment Officer and head up the firm’s active deal transaction processes.
Established in 2006, Henley has doubled in size every year since and is expected to do the same in 2015. The company currently has around £600m worth of assets under management and has created over 60 special purpose vehicle funds since its inception, exiting 15 with an average rate of return of 55.2 per cent.
Savidge is joining the team following another recent milestone for the firm, which entered the US real estate market for the first time with a $100m (£64.7m) investment in WaterWalk, America’s first serviced apartment brand.
Henley has also completed acquisitions in Germany and Holland this year, alongside confirming a new joint venture partnership with experienced placemaking and infrastructure firm Camland Projects in the UK.
“Stuart has a first class background in some of the biggest Private Equity Real Estate businesses in the world and will bring a wealth of experience to Henley,” said executive officer, Ian Rickwood.
“Not only will he ably complement our existing strengths, but we are also confident that Stuart will help drive our current ambitions to rapidly grow Henley’s assets under management, whilst continuing to provide exemplary service to existing investors.
“With our recent commitment to invest in WaterWalk, and an aim to increase our investment in the USA to $400m (£258.8m) in the next three years, Stuart’s appointment comes at an important and highly exciting time in the Henley story,” he added.
Commenting on his appointment, Savidge said: “Henley is an impressive, highly successful investment manager, with clear plans for future growth and attracting new business, both in the UK and abroad.
“The firm’s standout reputation, coupled with its outstanding track record and highly entrepreneurial spirit, made the offer of joining Henley an immensely attractive one. I am greatly looking forward to this new challenge and the unique opportunities that lie ahead at Henley.”
