September 16, 2025 9:00 AM
Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has hired Neal Armstrong as head of its new Fund Administration business. Armstrong will report to Ania Jastrzebska, Senior Managing Director and Global Managed Services Lead.
With more than two decades of experience in fund accounting and real estate fund services, Armstrong brings deep operational and technical expertise to Newmark as the firm continues expanding its Investor Solutions capabilities. In the new role, he will lead the build-out of Newmark’s Fund Administration business.
“Expanding into Fund Administration reflects a natural progression to strengthen our Investor Solutions capabilities and reinforces Newmark’s position as a full-service partner to the global real estate investment community,” said Luis Alvarado, Chief Operating Officer.
Prior to joining Newmark, Armstrong served as Global Head of Real Estate Fund Services at the Bank of New York, where he played a central role in more than tripling assets under administration. He also previously held leadership roles at Deutsche Asset & Wealth Management and began his career in assurance at KPMG.
“I am excited to build this Fund Administration practice at Newmark to achieve greater operational efficiencies, transparency and scale in managing client investments,” said Armstrong. “By integrating with the Company’s broader Investor Solutions platform, we can deliver a business line that addresses today’s operational challenges and evolves alongside our clients’ needs.”
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.