A New Chapter: Real Estate Leadership Shifts at a Global Giant

Big changes are happening at the top of a major real estate company. Kathleen McCarthy, who has been a key leader in the real estate division, is leaving after 15 years. She plans to step down by the end of the year to pursue new adventures. This means Nadeem Meghji, her co-head, will take over as the sole leader of the real estate team. McCarthy and Meghji have been running the $320 billion real estate business together for over seven years. Before that, McCarthy was the global chief operating officer for real estate. Meghji, who has been with the company for nearly 18 years, led the Americas real estate division for seven years before becoming co-head. The president of the company, Jon Gray, praised McCarthy for her leadership and dedication. He highlighted her focus on investors and her role in growing the real estate business. Meghji also expressed his gratitude for working with McCarthy and emphasized the strength of the global real estate team. McCarthy shared her pride in leading the real estate division for eight years. She mentioned the growth in serving more clients and maintaining strong performance. The company's real estate portfolio is diverse, with a focus on logistics, rental housing, and data centers. They also have $53 billion ready to invest. This shift in leadership raises questions about the future direction of the real estate business. Will the company continue to grow and innovate under Meghji's sole leadership? Only time will tell.