C&W names global capital markets CEO.

Cushman & Wakefield announced that Chris Lowery, an 18-year veteran of the firm and one of the primary visionaries behind the development and growth of its investment services capabilities, has been named chief executive officer for Global Capital Markets and Principal Activities, a newly created position.

He will report to Cushman & Wakefield president and chief executive officer Bruce Mosler.

Lowery was previously an executive vice president and head of the firm's Capital Markets Group, which provides clients with comprehensive strategic advice and execution to meet their real estate capital needs.

In his new role, Lowery will build on the success of the Capital Markets Group in the United States and Europe to deliver consistent services globally. Among its many services, two of its longest running and most highly regarded are its Valuation Services and Investment Services practices.

"Chris has done an outstanding job building the framework for and managing the highly respected Cushman & Wakefield Capital Markets Group," said Mosler. "Appointing him global chief executive officer of the group speaks to his accomplishments and to the value of the Capital Markets Group's services within commercial real estate today."

In addition to his Capital Markets responsibilities, Lowery oversees the firm's Principal Activities, which include the firm's management of the Cushman & Wakefield Net Lease Trust, Inc., a private REIT investing primarily in single-tenant, sub investment-grade corporate facilities, and the firm's involvement with New York Credit Advisors, a real estate financing capability in partnership with New York Life Investment Management and HSH-Nordbank. Prior to assuming his broader responsibilities, Lowery served as national director of the Structured Finance unit, which financially engineers real estate-based transactions to advance clients' business strategy. Previous to that position, he was a member of the management team for Financial Services.

Before joining Cushman & Wakefield, Lowery was president and chief executive officer of the South Street Seaport Corporation, where he was responsible for implementing the $250 million program of restoration and development of the historic South Street Seaport district in Downtown Manhattan.

Before that, he spent seven years in increasingly responsible positions for the New York City government, rising to deputy director of the Mayor's Office of Development.

Lowery is a graduate of the University of Notre Dame, with a degree in Government, and attended the masters program in City and Regional Planning at Pratt Institute.