Cushman & Wakefield has named a new president and CEO. Edward C. Forst will join the firm effective January 6, 2014.
Forst, 53, joins Cushman & Wakefield following his tenure at Goldman, Sachs & Co. as Global Co-Head of the Investment Management Division, as a member of its management committee and previously as the firm’s Chief Administrative Officer. Most recently, he served as an advisor to Fenway Partners, a private investment firm. He has held multiple executive level roles in both New York and London at Goldman, Sachs, where he was elected Partner in 1998. While at Goldman, Sachs, Mr. Forst also served in leadership roles at the Securities Industry and Financial Markets Association (SIFMA) and was elected as its first Co-Chairman and subsequently in 2007 as its Chairman.
During the financial crisis of 2008-2009, Forst was selected to be the first executive vice president and principal operating officer of Harvard University, leading its non-academic affairs and served as Advisor to the Secretary of the Treasury of the United States. Forst is a graduate of Harvard University.
Carlo Barel di Sant’Albano, chairman of Cushman & Wakefield who has held the position as interim President & CEO of the firm for the past five months, said in a statement, “We are delighted to welcome Ed to Cushman & Wakefield and look forward to working closely with him. We have outstanding professionals around the world who are committed to bringing the highest quality real estate services to our clients. Under Ed’s leadership we aim to further strengthen Cushman & Wakefield globally.”