BNP Paribas Real Estate has announced that its UK deputy CEO and head of commercial, Etienne Prongué, will be stepping into the role of UK CEO.
As part of her role, Prongué will now oversee Strutt and Parker, which was acquired by BNP Paribas Real Estate three years ago.
The parent company’s current UK CEO, Andy Martin, will now move into the wider role of international business development, reporting to group CEO, Thierry Laroue-Pont.
Prongué and Martin have worked “closely” over the past three years following the merger with Strutt & Parker. Since the acquisition, Strutt and Parker’s residential and rural businesses have continued under the brand, with commercial businesses operating under BNP Paribas Real Estate.
Martin said: “It has been an honour to lead Strutt & Parker and BNP Paribas Real Estate through these last 10 transformational years. The merger has allowed us to create a powerful nationwide offering across the full property lifecycle.
“Three years on, our people’s combined expertise is helping our clients to shape the future of real estate and the places we live, work and visit. I’m proud of the business we have built and what we have achieved.”
Prongué said: “The UK is a strategically important market and it’s where we see significant opportunities. I am excited to be leading the business through this next phase in our growth.
“Andy has been a great mentor, enabling me to quickly re-establish myself in the UK after 12 years away. I am looking forward to working with Andy in his new role and seeing him bring more of BNP Paribas’ capabilities to clients globally. ”
Thierry Laroue-Pont, CEO BNP Paribas Real Estate, said: “I’d like to thank Andy and Etienne for managing the UK business through a smooth integration and delivering a clear strategy for the future.
“Since the merger three years ago they have been building strong foundations for the combined BNP Paribas Real Estate and Strutt & Parker business, I wish them both every success in their new roles.”