Savills Investment Management has poached Pradera chief executive James Bury.
Bury has been appointed to the newly created role of chief operating officer and will sit on the board. He will be responsible for HR, IT and risk and will help to grow the business globally.
He will report to chief executive Justin O’Connor.
Bury had been chief executive at Pradera since 2012 and prior to that the head of asset management at the retail investment specialist.
Savills’ fund management arm was understood to have been in talks to acquire Pradera when it was put up for sale last year. However, a management buy-out in March this year resulted in co-founder Colin Campbell buying out the 60% stake of partner Paul Whight for an undisclosed sum.
