Glenn Rufrano, who abruptly resigned from his position as Cushman & Wakefield’s chief executive in June, will be the new chairman and CEO of Manhattan-based real estate investment firm O’Connor Capital Partners, the company announced today.
Rufrano was a founding partner of O’Connor Capital’s predecessor O’Connor Group and has been on the company’s board since 2010, according to a release.
“This is a firm with a proud legacy, an extremely strong management team and a great future,” Rufrano said in a statement this morning.
“Not only does he possess a deep knowledge of our firm and our industry,” said O’Connor president Bill O’Connor in the release, “but he also shares a common set of values and beliefs that has served the company well since its founding 30-plus years ago.”
When Rufrano left Cushman in June – the first among several high-profile exits from the brokerage in recent months – speculation arose that the departure may have been due to friction Rufrano had with Cushman’s Italian parent company, Exor SpA. — Hiten Samtani