Newmark today announces that Sridhar Potineni has joined the Company as Chief Information Officer. In his role, Mr. Potineni will be responsible for leading Newmark’s information technology platforms and driving digital transformation, further advancing Newmark’s platform of innovative solutions supporting its clients throughout the world.

“The industry’s most inventive solutions are increasingly driven by technology, data and analytics,” said Jeff Day, Newmark’s Chief Strategy Officer and Head of Multifamily Capital Markets, to whom Mr. Potineni will report. “The addition of Sridhar underscores Newmark’s commitment to equipping our professionals and clients with the strategies and tools that will create differentiation and unique value in real estate services.”

“Technology is ubiquitous and has a significant impact on our everyday life. We want to extend this experience to our industry and transform the way our investors, tenants and occupiers interact with real estate, particularly at a time when so much of the environment is adapting to new challenges,” said Mr. Potineni. “Newmark is already a leader in innovative tools and services. There is an opportunity to accelerate data and digital ambitions using technologies such as Machine Learning, Natural Language Processing, IoT, Data, and Blockchain. I’m excited to take on this role to ensure Newmark’s platform remains at the forefront of global innovation throughout the industry.”

Prior to joining Newmark, Mr. Potineni served as Global CTO of JLL’s Capital Markets group, where he developed innovative technology, data, and product strategies, launching digital products to increase the depth and quality of data insights and drive sales automation. Sridhar has successfully led teams with business outcomes such as the creation of a Capital Markets deal management platform deployed in 39 countries and a real estate marketplace for investors with over $100 billion in assets.