CBRE appoints new Executive Managing Director of Russia

Moscow, 14 October 2011 – CBRE today announced that Alexander Polenok has been appointed as Executive Managing Director of the company’s Russian business. The company also announced that Natalia Yakimenko has been named as Deputy Managing Director of CBRE Russia.

Alexander brings to CBRE significant financial and professional services experience, joining from Russia-based international banking and finance company, VTB Group, where he has been CEO of their VTB Factoring business. Prior to that, Alexander spent more than three years at McKinsey & Company and has a range of previous experience in international investment projects and companies. Alexander will take up leadership of the Russian business with immediate effect.

Darrell Stanaford, Managing Director of CBRE Russia, will move into the role of Senior Advisor to CBRE’s Russian Board.

Natalia Yakimenko has been appointed as Deputy Managing Director. Natalia has been with CBRE for more than 10 years and is also Director of Property Management and Project Management.

Mike Strong, Chairman & CEO – EMEA, CBRE, commented: “Under Darrell’s leadership, our business has grown significantly, broadening our services for clients and enhancing our position in the market.

“We are now looking to aggressively expand our business in Russia, a significant market within our global network, and are therefore delighted to be strengthening our leadership team with the addition of Alexander to this important new role. His wide-ranging professional services and consulting experience both in Russia and internationally are highly regarded and make him a huge asset to CBRE and ideally suited to grow our business as a leader both within the property industry and the wider Russian business community. Having Alexander, Darrell and Natalia on our leadership team in Russia will be of huge benefit to our local and international clients.”