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Rhea-AI Summary

Colliers (NASDAQ, TSX: CIGI) announced the rebranding of its investment management division to Harrison Street Asset Management and expanded its global leadership team on July 23, 2025. Christopher Merrill, co-founder and CEO of Harrison Street, assumes the additional role of Global CEO and will become the largest individual shareholder of HSAM, signaling owner alignment. Zachary Michaud joins as Managing Partner & Global CFO, and Stephen Gordon adds Managing Partner & Global COO to his current CFO role. Leadership across specialized platforms remains unchanged. HSAM reports more than $100 billion in assets under management and plans to expand global distribution and pursue new strategies.

Positive

• Assets under management exceed $100 billion
• Christopher Merrill becomes largest individual shareholder, aligning management and investors
• Leadership additions: Zachary Michaud as Global CFO, Stephen Gordon as Global COO
• Rebrand to Harrison Street Asset Management to leverage global brand recognition

Negative

• None.

Insights

Strategic Asset Management Analyst

Rebranding and leadership consolidation signal stronger investor alignment and a push to scale HSAM's alternative‑asset platform.

Harrison Street rebrand centralizes the investment franchise under a single, recognizable brand and names Christopher Merrill as Global CEO and largest individual shareholder, which ties executive incentives to firm equity. The announcement cites continuity of operating teams and $100 billion in assets under management, implying scale and an established revenue base to support expansion.

Key dependencies include successful integration of distribution and new strategies while preserving existing platform performance and partner relationships; leadership changes create potential execution risk if responsibilities shift. Monitor near‑term announcements of new fund launches, distribution hires, or product rollouts and any filings that quantify ownership or capital commitments within the next 6–12 months (July 23, 2025 cited for the leadership change).

Expands global leadership team; appoints Christopher Merrill, Global CEO

TORONTO and CHICAGO, July 23, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI), a leading diversified professional services and investment management company, today announced the rebranding of its investment management division to Harrison Street Asset Management (“Harrison Street” or “HSAM”) reflecting the strength, breadth and global recognition of the Harrison Street brand.

As part of this evolution, Christopher Merrill, Co-Founder and CEO of Harrison Street, assumes the additional role of Global CEO and will become the largest individual shareholder of HSAM – reinforcing continuity, investor alignment and a long-term commitment to growth, value creation and performance.

To further strengthen the leadership team, Zachary Michaud, the current Co-CIO of Colliers, will join as Managing Partner & Global CFO, while Stephen Gordon, the current CFO of Harrison Street, will assume the additional role of Managing Partner & Global COO. Leadership across HSAM’s specialized operating platforms and investment teams will remain unchanged.

With more than $100 billion in assets under management, Harrison Street will continue to leverage the expertise of its investment professionals from Basalt Infrastructure Partners, Versus Capital, Rockwood Capital, and Colliers Global Investors, combining scale, investment acumen, and product innovation for the benefit of investors worldwide.

HSAM remains committed to expanding its global distribution capabilities and pursuing new strategies, asset classes, and verticals – both organically and through its proven partnership model.

Christopher Merrill commented, “We are excited to enter the next phase of growth. By harnessing the expertise of our partners and teams across the platform, we aim to scale our capabilities and position Harrison Street as a premier global investment partner. With over two decades of leadership in alternative investment management across infrastructure, real estate and credit, we are well positioned to deliver innovative investment and capital solutions for our clients.”

Jay Hennick, Global Chairman and CEO of Colliers, added, “Harrison Street has an exceptional track record and some of the strongest leaders, partners and investment teams in the industry. With an unwavering commitment to excellence and delivering outstanding results for investors – combined with the continued support of Colliers – we are building one of the world’s premier global alternative investment platforms.”

For more information about Harrison Street Asset Management, please visit www.harrisonst.com.

About Harrison Street Asset Management

Harrison Street Asset Management is a leading global alternative investment management firm with over $100 billion in assets under management in highly differentiated alternative assets across infrastructure, real estate and credit strategies. Headquartered in Chicago and Toronto with offices across North America, Europe, and Asia, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of 900 institutional investors and over 10,000 private wealth investors.

Harrison Street has been recognized as one of the Best Places to Work by Pensions & Investments for ten years (2014-2020, 2022-2024) and has received 16 PERE awards since 2019, including the 2024 Alternatives Investor of the Year – Global award. For more information, visit www.harrisonst.com.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers is committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.

Harrison Street Asset Management Contact:

Christopher Merrill
Global CEO
(312) 920-1851

Colliers Contact:

Christian Mayer
Chief Financial Officer
(416) 960-9500

FAQ

What did Colliers (CIGI) announce on July 23, 2025 regarding its investment management division?

Colliers announced the rebranding of its investment management division to Harrison Street Asset Management and expanded the global leadership team.

How much assets under management does Harrison Street report after the rebrand?

Harrison Street reports more than $100 billion in assets under management.

Who is Christopher Merrill and what new role did he assume at HSAM (CIGI)?

Christopher Merrill is co-founder and CEO of Harrison Street; he was named Global CEO of HSAM and will be the largest individual shareholder.

What leadership changes did Colliers announce for HSAM on July 23, 2025?

Zachary Michaud will join as Managing Partner & Global CFO, and Stephen Gordon will add Managing Partner & Global COO to his current responsibilities.

Will HSAM change its specialized operating platforms after the rebrand?

No; leadership across HSAM’s specialized operating platforms and investment teams will remain unchanged.