Property giant appoints finance chief

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Jeremy Kraft will run the finances of what is considered the world’s largest property services company, which last year negotiated property transactions totalling $80bn (£49bn).

CB Richard Ellis was formed by the merger of US-based CB Hillier Parker, of which Kraft was FD, with Insignia Richard Ellis in the UK, to form the largest firm of its type in the UK.

The company is currently advising on the property aspects of the London Olympic bid and advising Permira in its proposed acquisition of Debenhams.

‘My primary task is to oversee the integration and development of our systems and working practices that will support our professionals and enable them to provide clients with a first class service,’ Kraft said.

He qualified as a charted accountant at London-based firm H W Fisher and Co.

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