LaSalle Investment Management co-chief executive in Asia Pacific, Philip Ling, has stepped down from his role.
Philip Ling will become a non-executive director of the responsible entity for LaSalle's Australian business, while Mark Gabbay will continue as the sole chief executive for Asia Pacific.
Mr Ling joined LaSalle in 2007 to lead the business in Asia, initially as managing director and subsequently as chief executive said a statement by the company.
"Mr Ling remodeled the business by integrating the investment, asset management and portfolio management activities through the creation of the fund manager role," he said.
Mr Gabbay thanked Mr Ling for his "hard work and commitment" to building LaSalle's Asia business over the last eight years.
"I am both professionally and personally delighted that he will retain strong ties to the firm through his role as non-executive director," he said.
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