NEW YORK—Cushman & Wakefield announced that John D. Busi has been promoted to chief executive officer, global valuation & advisory (V&A). Busi, who was named global head of the group in 2013, also serves on the firm’s global management committee.
A 34 year veteran of the firm, Busi will continue to drive the strategic direction and execution of V&A.
“John’s promotion to CEO of global valuation & advisory recognizes his ‘Client Only’ approach to leadership, talent development, and collaboration. He has created a differentiated service offering working with the world’s largest investors and lenders to provide the most sophisticated knowledge involving complex real estate on a global scale,” said Edward C. Forst, C&W’s president & chief executive officer.
Under Busi’s leadership, the V&A group significantly enhanced its platform by adapting to asset class specialization and introduced nearly 20 new specialty practice groups. He also led the launch of a state-of-the-art technology initiative and built a quality control platform.
Busi joined Cushman & Wakefield in 1981 in the firm’s property accounting group in New York and in 1990 was promoted to head the New York V&A practice. In 2004, he assumed national oversight responsibilities, where he was instrumental in doubling the firm’s office network in the U.S. When he later assumed the role of head of V&A for the Americas region, Busi was active in the continued globalization of the firm’s management structure while guiding organizational growth in the Americas region.