Dean Hodcroft, founding partner and chief financial officer of Cale Street Partners, is to become Crestbridge’s new chief executive.
He will join the business in April, relocating to Jersey, and succeed incumbent Graeme McArthur from 1 July. McArthur will stay at Crestbridge working with its clients.
Prior to joining Cale Street in 2015, Hodcroft spent 26 years working for Ernst & Young, where he led its real estate tax group for the UK and was head of its real estate industry practice for EMEIA.
In the 10 years under McArthur, Crestbridge has grown from 50 to 350 employees and has assets of more than $130bn under management. It also now has offices in London.
Crestbridge chairman John Harris said: “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 added: “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 said: “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.”
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