Michael Beattie to retire

Michael Beattie has plans to retire as Grosvenor CIO at the end of 2023, with his responsibilities being divided between Angela Biggs and Mark Purdy, who will both be promoted to managing director positions.

Upon Beattie’s retirement, beginning Jan. 1, 2024, Biggs will become managing director, investment, where she’ll lead the company’s acquisitions and dispositions. Purdy will become managing director, asset management, where he’ll oversee all asset management activities across the North American portfolio and will lead sustainability efforts in meeting the firm’s carbon reduction ambitions for the portfolio. Both currently serve as senior vice presidents of investment in the company’s San Francisco office.

Beattie joined Grosvenor in 2000 after working for a private developer and Colliers International in Calgary, Alberta. Since 2011 he has overseen all investment property transactions and the company’s investment portfolio across North America. Under