LASALLE Investment Management has promoted Mark Gabbay, currently CEO and CIO of LaSalle Asia Pacific, to the role of global CEO.
Gabbay will report to Christian Ulbrich, president and CEO of JLL and he will succeed Jeff Jacobson, who is transitioning leadership after 14 years in the role and will stay on as chairman through at least June 2021.
Gabbay joined LaSalle in 2010 as chief investment officer for Asia Pacific. In 2015, he became APAC CEO.
Jacobson said, “Mark’s experience and track record of outperformance have been critical to the success of our Asia Pacific business, and he possesses the right mix of skills, innovative thinking and leadership to drive LaSalle’s growth going 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. I look forward to helping this transition and observing the progress in the years ahead.”
Gabbay said, “I am honored and excited to become the next CEO of LaSalle. Our global platform, singular real estate focus and investment expertise around the world is unparalleled and I look forward to working with our teams to drive growth, innovation and performance in the years ahead.”
As part of the succession plan, there were other leadership changes in the Asia Pacific region:
- Keith Fujii, Japan CEO, will step into the Asia Pacific CEO role previously held by Mark Gabbay.
- Claire Tang, head of greater China, and Kunihiko (Nick) Okumura, head of Japan acquisitions, will become co-CIOs of Asia Pacific to fill the CIO role previously held by Mark Gabbay.
- Tim Kessler, global head of corporate strategy and development, will become global chief operating officer
- Alok Gaur, global co-head of client capital croup, will become global head of client capital group.
- Jon Zehner, global co-head of client capital group, is transitioning to CEO of global partner solutions.
- Jacques Gordon appointed as global strategist
- Lisa Kaufman as CEO global real estate Securities
- Gordon Repp as general counsel
- Mike Ricketts as global chief financial officer
- Darline Scelzo as chief human resources officer
- Jason Kern as CEO Americas
- Philip La Pierre as CEO Europe
