Compass hires new head of investor relations

Compass has a brand new head of investor relations. On Wednesday, the brokerage agency introduced that it has appointed Soham Bhonsle to steer its investor relations division.

Bhonsle has greater than a decade of expertise overlaying the housing sector, most just lately as a senior analyst at BTIG. He additionally held roles at Morgan Stanley and Susquehanna Worldwide Group, the place he started his profession in housing as a analysis assistant.

“We sought somebody who may ship a right away influence, and Soham’s popularity within the investor group is second to none,” Compass chief monetary officer Kalani Reelitz mentioned in a press release. “His experience might be basic in successfully speaking the Compass story to our investor base and guaranteeing confidence in our long-term technique.”

Bhonsle’s transfer to Compass comes because the brokerage has proven vital development in income, in addition to transaction facet and agent depend, even in a slower housing market. In second-quarter 2024, its income and transaction quantity grew by 14% and 11.4% yr over yr, respectively.

“Becoming a member of Compass gives a novel alternative to work at an organization on the forefront of actual property innovation,” Bhonsle mentioned in a press release. “I sit up for leveraging my background to assist Compass in delivering sustained development and worth for its shareholders.”

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