DTZ Corporate Finance has appointed a new chief executive, Simon Berrill, 10 months after starting the search.

Last December the firm, which is part of international real estate group DTZ Holdings, hired Peter Cadbury as non-executive chairman. One of Cadbury's job's was to find a new chief executive for the corporate finance division. Berrill has now been appointed to the role, after spending seven years running his own private investment company specialising in property, hotels and leisure.