May 17, 2018
Grosvenor Group appointed Steve O’Connell as its new CEO. He will succeed Andrew Bibby who, after 35 years with the privately-owned international property company, will retire at the end of the year.
O’Connell joined Grosvenor in 2011 to lead its development team in San Francisco, establishing its residential program. In 2015, he was promoted to Managing Director, Investment, to oversee Grosvenor Americas’ Investment and Co-Investment activities throughout the U.S. and Canada.
O’Connell says, ‘I am thrilled to have the opportunity to lead Grosvenor’s strategic growth plan in North America. We operate an established and successful business that is deeply rooted in our local markets, while also benefitting from the experience of our international companies.”
The company’s development pipeline is healthy at $3.9 billion, and has $5 billion in assets under management.
* Pictured From left to right: Peter Vernon, Steve O’Connell, Andrew Bibby
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