Cushman & Wakefield has found a more permanent replacement for Glenn Rufrano, who abruptly exited the commercial brokerage this summer. Edward Forst, formerly global co-head of Goldman Sachs’ investment management division, was named president and CEO today, according to a statement from Cushman.
Last month, the firm was weighing keeping executive chairman-turned-interim CEO Carlo Barel di Sant’Albano in the job in a long-term capacity, as previously reported. But Sant’Albano was supportive of the choice, according to the statement. “We are delighted to welcome Ed to Cushman & Wakefield and look forward to working closely with him,” he said in the release.
Forst also served as the first executive vice president and principal operating operator at Harvard University – his alma mater – amid the financial crisis. He will begin his new role January 6, the statement said.
Rufrano has since returned to real estate investment firm O’Connor Capital Partners as chairman and CEO, a release said. — Mark Maurer