LaSalle Investment Management has signalled that its Asia-Pacific boss and chief investment officer will be assuming the role of global chief from January.
Mark Gabbay, current chief executive and CIO of LaSalle Asia Pacific, will succeed Jeff Jacobson, who is transitioning after a 14-year tenure as global CEO.
Mr Jacobson will stay on LaSalle chair through to at least June.
As global chief Mr Gabbay will report to Christian Ulbrich, president and CEO of Lasalle parent company Jones Lang LaSalle Incorporated.
Mr Gabbay joined LaSalle in 2010 as CIO for Asia Pacific, after holding roles such as managing director and head of the Asia asset finance division at Nomura and co-head of the Asia-Pacific global real estate group at Lehman Brothers. In 2015, he became the APAC CEO for LaSalle.
Mr Jacobson said his experience has been critical to the success of the APAC business and he will be key to driving the group’s growth moving forward.
“The foundation of our business is very solid and I am confident that the firm will experience great momentum and success with Mark and our entire global leadership team,” he said.
Mr Ulbrich, JLL CEO, added: “Mark is the right leader to drive the next phase of growth and further enhancing LaSalle’s industry leading real estate investment management offer.”
Meanwhile, Japan CEO Keith Fujii, will step into the APAC CEO role, replacing Mr Gabbay. Claire Tang, head of greater China and Kunihiko Okumura, head of Japan acquisitions, will become co-CIOs for the region.
In addition, the company has filled a number of new global roles as part of a transformation program.
Tim Kessler, global head of corporate strategy and development, will become global chief operating officer.
Alok Gaur, global co-head of client capital group, is set to take the role of global head of client capital group and Jon Zehner, global co-head of client capital group, is transitioning to CEO of global partner solutions, LaSalle’s global unlisted indirect business unit, succeeding Ed Casal.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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