Jon Cheigh, executive vice president and head of global real estate at Cohen & Steers, has been named chief investment officer at the firm.
Cheigh, who has been with the business for 15 years, succeeds Joseph Harvey, president of Cohen & Steers, who has held the position of CIO since 2003 and was recently appointed to the board of directors.
In his role as CIO, Cheigh will provide guidance and oversight to the investment teams. He remains head of global real estate and will continue to focus the majority of his time on managing the real estate team, process and portfolios.
Cheigh joined the Cohen & Steers US real estate team in 2005 as a research analyst after spending a decade as a real estate analyst and acquisition specialist in his previous roles; he was promoted to portfolio manager in 2008 and subsequently to head of global real estate in 2012.
CEO Robert Steers said: "Through his leadership of the global real estate team, Jon has played a key role in extending our legacy of investment excellence by fostering a culture of collaboration and inclusion.
"With a deep bench of talent in place, Jon can continue to lead the global real estate team effectively while leveraging his success in generating alpha and sharing best practices across the investment department."
Joseph Harvey, president, added: "We believe a CIO's primary function should be to make sure the investment teams have the resources and guidance they need to succeed.
"At Cohen & Steers, the role of CIO provides strategic direction and does not mandate investment strategy or direct portfolio decisions. Our lead portfolio managers will continue to have full discretion over their portfolios.
"Jon has done an outstanding job advocating for his team and fostering an environment of intellectual debate, collaboration and investment excellence."