CBRE Clarion Global Real Estate Income Fund Appoints New Trustee
June 24 2020 - 4:30PM
Business Wire
The Board of Trustees of the CBRE Clarion Global Real Estate
Income Fund (NYSE: IGR) announced today that Heidi Stam has been
appointed to the Board and joined as an independent Trustee
effective June 1, 2020.
“We welcome Heidi to the Board and feel her expertise and
background are very relevant and complementary to our other Board
members,” commented Ritson Ferguson, Chairman of IGR’s Board. “She
brings tremendous experience and perspective on the investment
management business and strong governance which will benefit our
shareholders.”
Ms. Stam has 30 years of investment industry experience with
comprehensive knowledge of asset management and capital markets.
Prior to her retirement in 2016, she served as Managing Director
and General Counsel at Vanguard and as a member of the senior
executive team responsible for strategy, capital allocation and
talent. She led a 300-member global legal / compliance division and
worked closely with industry trade associations to develop
regulatory policy. As Corporate Secretary and Secretary of the
Vanguard Funds, she supported the funds’ Board as chief legal /
governance advisor. She also chaired the Leadership Advisory
Council and was a committee member for proxy oversight, global
investment, public policy, benefits, and remuneration. Prior to
Vanguard, Ms. Stam served in multiple roles over 10 years with the
US Securities and Exchange Commission’s Division of Investment
Management. Ms. Stam now serves as a member of the SEC’s Investor
Advisory Committee and of the National Adjudicatory Council for
FINRA. Additionally, she maintains an active consulting and
executive coaching practice. Ms. Stam earned her Master of Laws
from Harvard Law School, Doctor of Law from American University,
and a Bachelor of Arts in Political Science from Tufts
University.
About CBRE Clarion Securities:
CBRE Clarion Securities is a registered investment advisory firm
specializing in the management of global real asset securities for
institutional investors. Headquartered near Philadelphia, the firm
has employees located in offices in the United States, United
Kingdom, Japan, and Australia. For more information about CBRE
Clarion Securities, please visit cbreclarion.com.
CBRE Clarion Securities is the listed equity management arm of
CBRE Global Investors. CBRE Global Investors is a global real asset
investment management firm with $108.1 billion in assets under
management* as of March 31, 2020. The firm sponsors investment
programs across the risk/return spectrum for investors
worldwide.
CBRE Global Investors is an independently operated affiliate of
CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment
sourcing and other resources of the world’s largest commercial real
estate services and investment firm (based on 2019 revenue) for the
benefit of its investors. CBRE Group, Inc. has more than 100,000
employees (excluding affiliates) and serves real estate investors
and occupiers through approximately 530 offices (excluding
affiliates) worldwide. For more information about CBRE Global
Investors, please visit www.cbreglobalinvestors.com.
* Assets under management (AUM) refers to the fair market value
of real assets-related investments with respect to which CBRE
Global Investors provides, on a global basis, oversight, investment
management services and other advice and which generally consist of
investments in real assets; equity in funds and joint ventures;
securities portfolios; operating companies and real assets-related
loans. This AUM is intended principally to reflect the extent of
CBRE Global Investors' presence in the global real assets market,
and its calculation of AUM may differ from the calculations of
other asset managers.
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