Cushman & Wakefield announced that Victoria Lake will serve as Chief Financial Officer for its Asia‑Pacific and Europe‑Middle‑East‑Africa regions, a move that expands the firm’s financial leadership in key growth markets.
Lake joins the company from Accenture, where she was Deputy CFO of the firm’s EMEA business and has 20 years of experience in corporate development and M&A. She began her career at Deloitte and has led M&A teams on acquisitions that emphasized sustainability and technology integration.
The appointment signals a continued focus on strengthening global financial operations. Lake’s expertise in M&A and technology integration is expected to support Cushman & Wakefield’s strategy of expanding high‑margin technical services and data‑center advisory work across APAC and EMEA, aligning with the company’s recent balance‑sheet repair and capital‑markets expansion.
Cushman & Wakefield’s Q4 2025 results underscored the firm’s solid financial footing: revenue rose 11% year‑over‑year to $2.9 billion, and adjusted earnings per share reached $0.54, a beat of $0.24 against consensus. The growth was driven by strong performance in Capital Markets (up 17%) and Leasing (up 6%), while Services revenue increased 8%. Net leverage fell to 2.9× from 3.8×, reflecting ongoing deleveraging efforts.
Analysts have maintained a “Moderate Buy” stance, citing the company’s robust earnings, margin improvement, and strategic focus on data‑center and AI opportunities. The firm’s price target range of $18.06–$18.56 reflects confidence in its growth trajectory.
Matthew Bouw, Chief Executive for APAC & EMEA, said, “Victoria will bring a depth of experience and expertise that will further accelerate our transformation to a globally integrated and digital enabled platform.” Global CFO Neil Johnston added, “I am delighted to welcome Victoria to the firm, and I know she will play an important role in the continued evolution of our finance capabilities.” CEO Michelle MacKay noted, “Our fourth quarter results capped off an exceptional year for Cushman & Wakefield. In 2025, we drove 34% adjusted earnings per share growth, improved cash flow by more than $125 million and prepaid $300 million in debt.” She added, “We have entered 2026 with excitement and momentum as we execute against the compelling long‑term strategic priorities and financial targets that we presented at our 2025 Investor Day.”
Lake’s appointment is expected to strengthen financial discipline and support growth initiatives in APAC and EMEA. By leveraging her M&A and technology integration background, she will help the firm navigate the evolving real‑estate landscape, including the impact of AI on brokerage services and the demand for data‑center infrastructure. The CFO role will also reinforce Cushman & Wakefield’s commitment to deleveraging and capital‑market expansion, positioning the company to capture new opportunities in high‑growth regions.
The appointment underscores Cushman & Wakefield’s strategic focus on global financial operations and its intent to deepen its presence in APAC and EMEA while maintaining a disciplined balance sheet and pursuing high‑margin growth in data‑center and AI‑driven services.
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