Newmark Names Sridhar Potineni as Chief Data Officer

Veteran engineering chief will fuel global actual estate firm’s ongoing advancement via technological innovation, details

Veteran engineering chief will fuel global actual estate firm’s ongoing advancement via technological innovation, details and analytics.

NEW YORK, Could 19, 2021 /PRNewswire/ — Newmark nowadays announces that Sridhar Potineni has joined the Firm as Main Details Officer. In his purpose, Mr. Potineni will be liable for major Newmark’s info technologies platforms and driving electronic transformation, even further advancing Newmark’s platform of innovative answers supporting its purchasers all over the world.

Newmark Names Sridhar Potineni as Chief Information Officer

Newmark Names Sridhar Potineni as Chief Facts Officer

The commercial genuine estate industry’s most creative remedies are more and more pushed by technology, info and analytics

“The industry’s most creative answers are ever more driven by technological know-how, information and analytics,” mentioned Jeff Working day, Newmark’s Chief Strategy Officer and Head of Multifamily Capital Marketplaces, to whom Mr. Potineni will report. “The addition of Sridhar underscores Newmark’s dedication to equipping our experts and clientele with the procedures and equipment that will produce differentiation and special price in real estate expert services.”

“Engineering is ubiquitous and has a sizeable affect on our day-to-day existence. We want to increase this knowledge to our industry and change the way our traders, tenants and occupiers interact with genuine estate, specifically at a time when so a lot of the atmosphere is adapting to new challenges,” reported Mr. Potineni. “Newmark is now a chief in innovative resources and products and services. There is an prospect to accelerate knowledge and digital ambitions employing systems this kind of as Machine Learning, Normal Language Processing, IoT, Details, and Blockchain. I’m thrilled to get on this purpose to make sure Newmark’s platform continues to be at the forefront of international innovation through the field.”

Prior to becoming a member of Newmark, Mr. Potineni served as Global CTO of JLL’s Funds Markets group, where he made ground breaking engineering, knowledge, and product or service strategies, launching digital merchandise to increase the depth and high-quality of knowledge insights and generate income automation. Sridhar has properly led teams with business results these kinds of as the development of a Cash Marketplaces offer management platform deployed in 39 international locations and a real estate market for investors with more than $100 billion in property.

About Newmark
Newmark Team, Inc. (Nasdaq: NMRK), with each other with its subsidiaries (“Newmark”), is a planet leader in commercial true estate solutions, with a in depth suite of investor/owner and occupier providers and products and solutions. Our integrated system seamlessly powers each individual section of owning or occupying a residence. Our providers are tailor-made to each and every form of client, from owners to occupiers, traders to founders, developing startups to main corporations. Harnessing the electricity of data, technological know-how, and sector experience, we bring ingenuity to just about every exchange, and imagination to every single place. Alongside one another with London-based partner Knight Frank and independently owned workplaces, our 18,800 experts work from close to 500 workplaces all over the entire world, delivering a world-wide viewpoint and a nimble method. In 2020, Newmark produced revenues in extra of $1.9 billion. To find out additional, take a look at nmrk.com or observe @newmark.

Dialogue of Ahead-Wanting Statements about Newmark
Statements in this document regarding Newmark that are not historical information are “ahead-searching statements” that include challenges and uncertainties, which could bring about genuine benefits to differ from individuals contained in the forward-on the lookout statements. These incorporate statements about the consequences of the COVID-19 pandemic on the Company’s business enterprise, results, economic placement, liquidity and outlook, which may well represent forward-seeking statements and are issue to the danger that the actual impact could differ, probably materially, from what is at this time anticipated. Besides as required by legislation, Newmark undertakes no obligation to update any ahead-searching statements. For a dialogue of further dangers and uncertainties, which could cause precise results to differ from all those contained in the forward-searching statements, see Newmark’s Securities and Trade Fee filings, which includes, but not confined to, the risk things and Particular Take note on Ahead-Wanting Info set forth in these filings and any updates to such chance elements and Distinctive Observe on Ahead-Looking Information and facts contained in subsequent reviews on Sort 10-K, Kind 10-Q or Variety 8-K.

Newmark Group, Inc. (PRNewsfoto/Newmark Group, Inc.)

Newmark Team, Inc. (PRNewsfoto/Newmark Team, Inc.)

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