Peter Finnerty
About Peter Finnerty
Peter Finnerty (year of birth: 1963) is an Independent Trustee of CBRE Global Real Estate Income Fund (IGR), appointed effective July 31, 2024; he serves as the Audit Committee Financial Expert and, as of 2025, chairs the Audit Committee . He retired from PwC after a 28-year tenure (Partner, 1996–2024) and has substantial experience in registered fund accounting and auditing, which the Board cited as core qualifications for his service .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| PwC | Partner | 1996–2024 | Registered fund accounting and auditing expertise; Board highlights “general financial acumen” from this experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lincoln Variable Insurance Products Trust | Trustee | Since 2024 | 123 portfolios noted; committee roles not disclosed |
Board Governance
- Independence: Listed among Independent Trustees and designated Audit Committee Financial Expert .
- Committees: Audit Committee (composed of all Independent Trustees), chaired by Finnerty in 2025; Nominating Committee chaired by Asuka Nakahara .
- Board leadership: Chairman T. Ritson Ferguson is not independent; the Trust has not appointed a Lead Independent Trustee .
- Meetings and attendance:
- 2024: Board held 5 meetings; Audit Committee 2; Nominating Committee 3. “Each Trustee attended at least 75%… other than Mr. Finnerty, who was appointed… July 31, 2024” .
- 2023: Board held 12 meetings; Audit Committee 2; Nominating Committee 2. “Each Trustee attended at least 75%… other than Mr. Finnerty, who was appointed… July 31, 2024” (reference context covering 2023 meetings and 2024 appointment) .
| Governance Metric | 2023 | 2024 |
|---|---|---|
| Board Meetings Held | 12 | 5 |
| Audit Committee Meetings Held | 2 | 2 |
| Nominating Committee Meetings Held | 2 | 3 |
| Lead Independent Director | None | None |
| Audit Committee Chair | John R. Bartholdson | Peter Finnerty |
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Aggregate Compensation from the Trust ($) | $0 (appointed July 31, 2024) | $25,000 |
| Pension/Retirement Benefits | Not Applicable | Not Applicable |
| Meeting/Committee Fees Disclosure | Aggregate totals only; no itemized fees disclosed | Aggregate totals only; no itemized fees disclosed |
| Expense Reimbursement | Trustees reimbursed for Board meeting expenses | Trustees reimbursed for Board meeting expenses |
Performance Compensation
- The proxy discloses aggregate cash compensation for trustees and explicitly notes no pension/retirement benefits; it does not present any performance metrics, stock awards, or option awards for trustees .
| Performance-Based Element | Disclosure Status |
|---|---|
| Cash bonus linked to performance | Not disclosed for trustees |
| Stock awards (RSUs/PSUs) | Not disclosed for trustees |
| Option awards | Not disclosed for trustees |
| Compensation performance metrics (TSR, EBITDA, ESG, etc.) | Not disclosed for trustees |
Other Directorships & Interlocks
| Company/Entity | Role | Tenure | Notes |
|---|---|---|---|
| Lincoln Variable Insurance Products Trust | Trustee | Since 2024 | Registered investment company trust; no interlocks with IGR’s adviser disclosed for Finnerty |
Expertise & Qualifications
- Audit and financial reporting: Audit Committee Financial Expert designation; extensive registered fund auditing experience from PwC partnership .
- Board’s rationale: Board cites his “general financial acumen” and “substantial experience in registered fund accounting and auditing” in assessing qualifications .
Equity Ownership
| As of Date | Dollar Range of Beneficial Ownership in IGR | Notes |
|---|---|---|
| June 30, 2024 | $0 | Trustees and officers as a group owned <1% of outstanding shares |
| June 30, 2025 | $0 | Trustees and officers as a group owned <1% of outstanding shares |
Governance Assessment
- Strengths:
- Elevated oversight: Audit Committee chair in 2025 and Audit Committee Financial Expert, aligning his PwC background with core governance responsibilities .
- Independence: Classified as Independent Trustee; Audit Committee composed of independent trustees .
- Watch items / Red flags:
- No personal share ownership: $0 beneficial ownership as of June 30, 2024 and 2025, which may signal limited “skin-in-the-game” alignment for a closed-end fund board member .
- Board leadership structure: No Lead Independent Director while the Chairman is not independent, increasing reliance on committee chairs (including Finnerty) for independent oversight .
- Attendance disclosure caveat: Proxy notes the 75% meeting attendance threshold was met by all trustees except Finnerty due to his July 31, 2024 appointment; monitoring 2025–2026 attendance will be relevant as tenure progresses .
- Conflicts/related parties:
- Proxy includes related-party holding disclosures for independent trustees and families; the example provided relates to another trustee (Nakahara) rather than Finnerty, and no Finnerty-related holdings are shown in those tables .