Newmark Group Inc. (NASDAQ: NMRK) is growing its global presence with the opening of its first office in South Korea and the expansion of its team focused on the Middle East.
The new South Korean office is based in the capital city of Seoul and will be led by John Pritchard serving as managing director and country head.
“Our entry into Korea reflects Newmark’s continued evolution as a truly global firm,” said Barry Gosin, CEO of Newmark. “Korea is one of Asia’s most advanced and rapidly growing economies, defined by innovation and global influence. Establishing a presence here allows us to support corporations expanding internationally and deliver world-class advisory services to clients entering the market. This reinforces our long-term commitment to building a connected, future-focused platform that meets the evolving needs of global clients.”
Elsewhere in the world, Newmark expanded its Middle East Valuation & Advisory business with the hiring of Benjamin Cullum as senior director and head of valuations for the Middle East and Jonathan Jeffrey as director.
Cullum most recently served as head of valuations and advisory for MENA at Chestertons International while Jeffrey most recently led asset management for Osool Integrated Real Estate Company.
“Benjamin and Jonathan bring deep market insight, proven leadership and a sophisticated understanding of complex, multi-asset portfolios across the Middle East,” said Stefan Burch, senior managing director of Middle East Valuation & Advisory. “Their appointments further strengthen Newmark’s advisory capabilities and reinforce our commitment to supporting clients as they navigate dynamic and fast-growing markets across the region.”
