CBRE Group Inc at Wolfe Research Broker Conference (Virtual) - Macro Open Transcript

May 10, 2022 / 01:00PM GMT
Andrew Leonard Rosivach - Wolfe Research, LLC - Research Analyst

All right. Thanks to everybody who have hung on for our last panel of the day. But actually, representing one of the largest business lines for real estate services companies, which is really what they are when you listen to this panel rather than brokers. And we also noticed when we were preparing for this conference, this business line really, it's more than just a [Steady Eddy] segment. It's a really legitimate growth engine for occupier outsourcing for the overall companies that they are within.

I'm going to introduce everybody quickly and then we'll go to questions. Rick Bertasi is the Chief Executive Officer of Global Corporate Services at Newmark. Mr. Bertasi has 25 years of corporate real estate experience, most recently serving as the Head of Real Estate and Facilities for Bridgewater before joining Newmark in 2021. Then we have Vince Clancy, who served at Turner & Townsend for over 30 years, becoming CEO in 2008. As most of you know, CBRE acquired Turner & Townsend in November of last year, the really significant

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