Savills IM appoints new interim CEO

Alex Jeffrey, the current CEO of Savills Investment Management (Savills IM), will transition from his daily management role at the end of June 2026 after seven years.

Alex Jeffrey, Michael Neal and Alex Griffiths

He will become a senior advisor, focusing on client relationships and growth strategies.

Michael Neal, currently Global CIO, will take over as interim CEO starting 1 July 2026.

Michael joined Savills IM in January 2025 from Nuveen, bringing over 30 years of global real estate experience. He will also continue his Global CIO duties.

Additionally, Alex Griffiths will join Savills IM in September as the new head of Client Capital. She previously spent nearly 13 years at AEW Europe, where she was managing director and head of Investor Relations, responsible for capital raising, client relationships, and marketing, helping to raise over €30 bn in capital.

Simon Shaw, Group chief executive of Savills, said: “Alex has made a significant contribution to Savills IM over the past seven years, strengthening the business and expanding its global institutional investor relationships. On behalf of the Board and everyone at Savills, I would like to thank him for his leadership, and we are pleased that he will continue to support the business as Senior Advisor supporting the transition to Michael Neal, who, with his impressive track record, is best placed to continue the evolution of the business.”

Alex Jeffrey added: “Over the past seven years, we have transformed and strengthened the platform, expanded our investment capabilities and built a strong track record with institutional investors worldwide. The business has substantial dry powder and is well-positioned for its next phase of growth.”