Commercial real estate firm Cushman & Wakefield named Edward Forst, most recently an executive at Goldman Sachs & Co. (GS), as chief executive officer and president.

Forst is joining the company after serving Goldman Sachs as global co-head of the investment management division. He previously served as a chief administrative officer at the investment bank and even advised Fenway Partners, a private investment firm.

Forst is an investment professional with extensive experience in international asset management, capital markets and operational leadership.

"The appointment of a professional of Mr. Forst’s caliber will further strengthen Cushman & Wakefield’s ability to capture the opportunities to accelerate the firm’s growth and capitalize on the substantial investment that has been made in the business over the last few years," said John Elkann, chairman and CEO of EXOR, Cushman & Wakefield’s controlling shareholder.

"EXOR remains strongly committed to supporting Cushman & Wakefield’s development, enabling it to achieve its full potential in this exciting new phase."