Rebranding Strategy of Colliers
Colliers (NASDAQ: CIGI), a prominent diversified professional services and investment management company, has recently rebranded its investment management division. This strategic decision to rename the division to Harrison Street Asset Management, or HSAM, showcases the depth and global recognition of the Harrison Street brand.
Leadership Changes and Expansion
In a significant evolution of the company, Christopher Merrill, the Co-Founder and CEO of Harrison Street, will take on the role of Global CEO, thereby becoming the major individual stakeholder in HSAM. This change not only emphasizes continuity but also aligns investor interests with long-term growth, value creation, and performance targets.
Strengthening Leadership Teams
The leadership team at HSAM is set to be enhanced with the appointment of Zachary Michaud as the Managing Partner and Global CFO, alongside Stephen Gordon, who will take on the role of Managing Partner and Global COO. Interestingly, the specialized operating platforms and investment teams will maintain their existing structure, ensuring stability in operations.
Robust Asset Management Capacity
Harrison Street Asset Management boasts over $100 billion in assets under management. The firm leverages the expertise of various investment professionals from multiple renowned partners, such as Basalt Infrastructure Partners, Versus Capital, Rockwood Capital, and Colliers Global Investors. This combined capability promotes innovative investment strategies and enhances product offerings for investors around the world.
Commitment to Global Distribution
HSAM is dedicated to strengthening its global distribution network while continuing to seek new strategies and asset classes. The company's entrepreneurial approach embraces both organic growth and partnerships, serving as a model for its expansion into different markets and verticals.
Vision for Growth
Christopher Merrill expressed enthusiasm for this new phase of advancement, indicating that by utilizing the expertise available through their platform, Harrison Street intends to scale its capabilities significantly. With a strong track record in alternative investment management across multiple sectors, the company is poised to provide cutting-edge investment and capital solutions for clients.
A Commitment to Excellence
Jay Hennick, Global Chairman and CEO of Colliers, also relayed his confidence in Harrison Street's exceptional capabilities. By marrying a commitment to excellence with a robust support system from Colliers, they aim to position HSAM as a leader in the global alternative investment landscape.
Recognitions and Awards
Harrison Street has established itself as a top-tier employer, recognized repeatedly as one of the Best Places to Work, illustrating its commitment to fostering a positive working environment. Moreover, the firm has received numerous industry accolades, reinforcing its stature in investment management.
Harrison Street Asset Management at a Glance
As one of the leading alternative investment management firms, Harrison Street focuses on unique opportunities in infrastructure, real estate, and credit strategies. With a diverse portfolio managed from its offices in North America, Europe, and Asia, they cater to a broad spectrum of institutional and private wealth investors.
Contact Information
For more information regarding Harrison Street Asset Management, interested parties can reach out to Christopher Merrill, the Global CEO, at (312) 920-1851.
Frequently Asked Questions
What is Harrison Street Asset Management?
Harrison Street Asset Management is the rebranded investment management division of Colliers, focusing on alternative investments.
Who is the CEO of HSAM?
Christopher Merrill serves as the Global CEO of Harrison Street Asset Management.
What assets does Harrison Street manage?
The firm manages over $100 billion in assets across various alternative investment strategies.
How does HSAM plan to grow?
HSAM aims to expand its global distribution and explore new strategies for growth organically and through partnerships.
Why is the rebranding significant?
The rebranding highlights the strength and global recognition of the Harrison Street brand, reinforcing its strategic focus and investor commitment.
