Crestbridge announces change in senior leadership
Dean Hodcroft, Chief Financial Officer and a founding partner of Cale Street Partners and formerly Head of Real Estate at Ernst & Young in London, is to join Crestbridge in April 2021 and will succeed Graeme McArthur as the Group's Chief Executive Officer with effect from 1 July 2021.
Hodcroft will relocate to Jersey, from London, in April 2021 to take up the role subject to regulatory consent and will work closely with McArthur and Crestbridge’s senior leadership team to ensure a smooth transition prior to taking up the role as CEO in July 2021.
During his six years with Cale Street, the firm has invested EUR2.6 billion of capital into complex transactions in the US, UK and various European jurisdictions. Prior to joining Cale Street in 2015, Hodcroft spent 26 years working for Ernst & Young in London, having led their Real Estate Tax group for the UK and acted as Head of their Real Estate Industry practice for EMEIA, where he advised the firms major clients including real estate funds, investors, developers, family offices and sovereign wealth funds.
McArthur, who joined Crestbridge in 2010, has overseen the growing success of the business over the past decade which has included the expansion of its footprint from Jersey into the key financial centres of London, Luxembourg, New York, Cayman and Bahrain. The business has grown from 50 to 350 employees and now provides outsourced administration services to a high-quality book of institutional and family office clients with structures holding assets in excess of USD130 billion. After stepping down from this leadership role, McArthur intends to stay with Crestbridge and work with clients with whom he maintains strong relationships.
Crestbridge Chairman, John Harris, says: "Graeme has made a remarkable contribution to the success of the Crestbridge Group providing the vision and long-term client focus that will support our future continued growth. The robust platform established under his leadership places Crestbridge in a strong position to achieve our ambitions for future success. We are delighted to appoint Dean as Graeme’s successor and look forward to the new perspective that his skills and experience will bring to us.”
McArthur says: "It has been a pleasure to lead and be part of the growth of Crestbridge over the past ten years, in that time I have had the privilege to work with so many talented people here. Crestbridge has a truly a unique culture and one that I am proud to have developed and been a part of. Dean has a strong background in real estate and funds that is in tune with our heritage, and I know that the business will go from strength to strength under his guidance."
Hodcroft adds: "I am excited to be joining Crestbridge and focusing on the future growth and wider strategic plans over the coming years. As a client, I have witnessed the dedication to client service and operational excellence after working closely with the Crestbridge team over a number of years. I am now looking forward to working with the team as colleagues to drive the next phase of growth for the business.”