URDANG, a global real estate investment boutique and part of BNY Mellon Asset Management, said that Richard Ferst has been named chief executive officer or CEO.
The company stated that Ferst, who had been chief operating officer and president, retains his title of chief operating officer and Scott Urdang, who founded the firm in 1987, had been chairman and chief executive officer. He retains the title of chairman.
In addition, Todd Briddell, URDANG's chief investment officer, has been named president of the investment manager and he will continue as URDANG's chief investment officer, the company added.
Prior to joining URDANG, Ferst was a partner, member of the governing board, and a regional managing partner for Laventhol & Horwath. He also served in executive positions at Arthur Andersen LLP and lectured at The University of Pennsylvania's Wharton Entrepreneurial Center, Drexel University and Temple University.
For comments and feedback: editorial@rttnews.com