Global advisory firm Colliers International has terminated the contract of Dylan Taylor as CEO of its real estate services division for what the company describes as 'misconduct including improper trading activity in Colliers securities in breach of his employment obligations'.
Taylor has been CEO of the firm's real estate services division for the past six months, in a newly created role. Colliers said that the position had now been eliminated, effective immediately.
Taylor has held management roles at Colliers since 2009, when he became CEO of the Americas, a post he held for five years. He was promoted to global chief operating officer in 2014, becoming president and chief operating officer for three years and seven months between June 2015 and December 2018.
In a statement, Colliers said: 'Mr. Taylor has made certain allegations which he asserts as the basis for a potential constructive dismissal claim. While management and the board of directors of Colliers have no reason to believe the validity of such claims, the board has constituted a special committee to oversee an independent review of the allegations.'
According to Colliers, Jay Hennick, chairman & CEO, will continue to oversee the strategy and operations of Colliers as he has in the past, with all regional and business line leaders directly reporting to him.
John Friedrichsen, long-time chief financial officer, will also take on added operational responsibilities.