Bay Downing has been made joint chief executive of the Downing group alongside Sally O’Brien.
Bay Downing, 29-year-old son of chairman and founder George Downing, has been with the family business since 2018. In his new role, he will take the lead on investment strategy, operations, and technology transformation.
“The opportunity to step into the role of joint-CEO and lead Downing into its next phase of growth is truly exciting,” said Bay Downing. “Having grown up in the business, I’ve seen first-hand the passion and commitment that have made Downing a leader in the sector. My focus will be on driving long-term innovation and sustainable profitability, ensuring our business continues to evolve and set new industry standards.”
He added: “As we scale, it’s critical that we embrace technology to optimise efficiency, enhance customer experiences, and maximise asset performance. We have an incredible opportunity to lead the market by integrating data-driven insights and automation into our operations, reinforcing our competitive edge.”
Bay will also manage relations between Downing and its new subsidiary, Aboria Capital, launched last year with Jessica Hardman, former UK chief executive of German investment manager DWS. [See previous report here.]
Sally O’Brien, joint chief executive of Downing, added: “Bay has been an integral part of Downing’s journey, and his new role as joint-CEO is a natural progression. His deep understanding of the business, coupled with his forward-looking approach, will be key as we navigate our next phase of growth. I’m excited to collaborate with him as we continue to seize emerging opportunities in the property sector.”
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