Ex-commish Ray Kelly leaves Cushman & Wakefield

Former NYPD head's foray into real estate appears to be short-lived
November 10, 2015 05:54PM

Former New York Police Department Commissioner Ray Kelly is done with his brief stint in real estate.

Kelly is leaving Cushman & Wakefield for K2 Intelligence, an investigative firm backed by American International Group. In his new role as vice chairman, he will advise governments and executives on infrastructure safety, enforcement and regulatory compliance, Crain’s reported.

The ex-top cop joined Cushman’s ranks in March 2014, serving as the commercial brokerage’s president of risk management services. Kelly stepped down as police commissioner in 2013, and then served as a special adviser to Governor Andrew Cuomo.

Kelly’s departure comes at a somewhat turbulent time for Cushman. The firm laid off as many as 250 employees — 40 in its New York office — in its research and marketing department late last month. The firm told The Real Deal that the cuts were a small percentage of the firm’s workforce.

Kelly joins a number of other law enforcement officials at K2. Since AIG bought up a minority stake in K2 earlier this year, the firm has brought on individuals from the New York State Department of Financial Services and Federal Bureau of Investigation, the website reported. [Crain’s] — Kathryn Brenzel