Cohen & Steers Appoints Jon Cheigh as President

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) has appointed Jon Cheigh as President, effective January 1, 2025, while maintaining his role as Chief Investment Officer. Cheigh, who joined the firm in 2005 as a research analyst, progressed through various roles including portfolio manager in 2008, Head of Global Real Estate in 2012, and Chief Investment Officer in 2019.

The appointment reflects Cheigh's successful leadership and mentoring abilities, and aligns with the firm's strategy for investment professional leadership. CEO Joseph Harvey praised Cheigh's transformative role in the real estate team and investment department, highlighting his consistent delivery of alpha and cultivation of a culture focused on creativity, innovation, teamwork, and excellence.

Positive

• Appointment ensures leadership continuity with an experienced internal candidate
• Cheigh's track record includes consistent alpha generation
• Dual role as President and CIO maintains investment focus while expanding leadership

Negative

• None.

News Market Reaction – CNS

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-1.30% News Effect

On the day this news was published, CNS declined 1.30%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) has appointed Jon Cheigh as President, effective January 1, 2025. Mr. Cheigh remains Chief Investment Officer and will continue to focus the majority of his time on leading the investment department. The appointment reflects Mr. Cheigh's success as a leader and mentor, and is part of the firm's long-term planning for leadership by investment professionals.

Mr. Cheigh joined Cohen & Steers in 2005 as a research analyst on the U.S. Real Estate team. He was promoted to portfolio manager in 2008, was made Head of Global Real Estate in 2012 and Chief Investment Officer in 2019.

Joseph Harvey, Chief Executive Officer, said:
"We were fortunate to recruit Jon 20 years ago. Over the years, Jon has played a transformative role in our real estate team and investment department, having consistently delivered alpha and instituted a culture of creativity, innovation, teamwork and excellence. Jon's appointment as President not only acknowledges his significant impact but also sets the stage for the next generation of leadership to ensure the continued success and growth of our firm."

Jon Cheigh, Chief Investment Officer, said:
"While I will continue to focus on coaching investment teams and elevating our industry leading investment performance, I look forward to working with Joe and the Executive Committee to drive the strategic growth of the firm. I would like to thank Joe, Bob Steers and Marty Cohen for their many years of mentorship."

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Website: https://www.cohenandsteers.com

View original content:https://www.prnewswire.com/news-releases/cohen--steers-appoints-jon-cheigh-as-president-302333732.html

SOURCE Cohen & Steers, Inc.

FAQ

When will Jon Cheigh assume the role of President at Cohen & Steers (CNS)?

Jon Cheigh will assume the role of President at Cohen & Steers effective January 1, 2025.

What positions has Jon Cheigh held at Cohen & Steers (CNS) since 2005?

Since joining in 2005, Cheigh has been a research analyst, portfolio manager (2008), Head of Global Real Estate (2012), and Chief Investment Officer (2019), and will become President in 2025.

Will Jon Cheigh continue as Chief Investment Officer at Cohen & Steers (CNS)?

Yes, Jon Cheigh will maintain his role as Chief Investment Officer while taking on the additional position of President.

What has been Jon Cheigh's impact on Cohen & Steers (CNS) investment performance?

According to CEO Joseph Harvey, Cheigh has consistently delivered alpha and established a culture of creativity, innovation, teamwork, and excellence in the investment department.