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Insurance executive Jawed Barna succeed Sven Odia as CEO of international luxury real estate brokerage Engel & Völkersthe company announced on Thursday.
Odia, who led the Hamburg-based company for nine years, has stepped down from the board of directors and will take on the new role of president.
Barna most recently served as deputy CEO at Zurich Insurance Group Germanywhere he has worked since 2005.
“We are excited to welcome Jawed Barna as a strong leader with a proven track record. His successful experience in building digital platforms and managing a complex sales organization makes him the perfect candidate for E&V,” Christian Völkers, founder and chairman of the advisory board, said in a statement. “Together with our majority owner Permira“We are convinced that Jawed Barna has what it takes to take E&V into the next phase of growth, with the goal of becoming the best platform for high-quality real estate around the world.”
In his most recent role at Zurich Insurance Group Germany, Barna was responsible for driving sales and partnerships, and successfully led large business units serving private clients and SMEs, as well as managing thousands of third-party insurance brokers and agents. Permira said.
In a statement, Odia, who has worked at E&V for 26 years, said he would “actively support” Barna.
“With its strong growth and digitalization strategy, E&V is perfectly positioned to continue its success story,” he said. “We have grown revenue and profits significantly over the past few years and so far see stellar performance in 2023, even in a difficult market environment. Throughout my career, my top priority has always been empowering people to write their own success story under the E&V brand. I would like to express my sincere gratitude to the entire team around the world for the excellent collaboration over the past two decades.”
Odia led E&V through its acquisition of Permira in late 2021, in which the global private equity firm bought a majority stake for an undisclosed amount.
E&V North America operations are led by Anthony Hitt, who has been at the helm since 2014.
The global luxury real estate brand recently partnered with Real Estate in Dilbeck, which reached $1.04 billion in sales volume last year, according to the RealTrends 500. Dilbeck ranked No. 373 in the country for sales volume last year, and its agents averaged $2.99 million in volume. Dilbeck ranked as the 178th largest independent brokerage in the United States in 2022 and nine of its agents did $16 million in sales volume last year, according to our rankings.
Under the agreement, Dilbeck will retain partial ownership and oversee day-to-day operations of the Los Angeles and Ventura county locations.
Engel & Völkers Gestalt Group, headquartered in Park City, Utah, classified as The top E&V affiliate in the most recent RealTrends rankings. the affiliate recorded $3.77 billion in sales volume last year, where the average agent generated $4.88 million.