Cushman & Wakefield, the global real estate firm that frequently makes predictions on market trends, has appointed Edward Forst as president and chief executive, taking up the role from 6 January next year.

Cushman & Wakefield, the global real estate firm that frequently makes predictions on market trends in the Asian region, has appointed Edward Forst as president and chief executive, taking up the role from 6 January next year.

Forst joins Cushman & Wakefield having previously worked at Goldman Sachs as global co-head of the investment management Division. Most recently, he served as an advisor to Fenway Partners, a private investment firm.

He was also, during the crisis period of 2008-2009, selected to be the first executive vice president and principal operating officer of Harvard University, leading its non- academic affairs and served as advisor to the Secretary of the Treasury of the United States.

The role of president and CEO has been held on an interim basis for the past five months by Carlo Barel di Sant’Albano.

Cushman & Wakefield, a privately-held organisation, has almost $4 billion in assets under management globally.