Gareth Jones, chief operating officer of Colliers International UK, has stepped down following the agent’s takeover last month.
Jones, who joined Colliers 30 years ago as a graduate and became chief operating officer three years ago, will remain as a consultant to the agent.
He will concentrate on Colliers’ alternative investments division, which he is credited with building up, and his arbitration activities.
Jones’s departure, revealed by EGi on Tuesday, comes a week after the agent’s founder, Sir John Ritblat, and co-director, Colin Wagman, resigned from the board.
Colliers’ majority shareholder, FirstService, bought the firm through a pre-pack administration on 28 March for about £14m.
A recently filed adminstrator’s report reveals that Colliers had been “facing severe liquidity challenges” before the appointment of administrators at Deloitte last month and that it had “fully utilised its banking facilities of £18m, with no additional finance forthcoming”.
The agent’s main creditor, Barclays Bank, lost about £9m as a result of the pre-pack.
