Jones Lang LaSalle announced that Christian Ulbrich, who leads its German business, will become the new CEO for EMEA and join the Global Executive Committee (GEC). He will succeed Alastair Hughes, currently CEO for EMEA, who will take over from Peter Barge as CEO for Asia Pacific. In his final role before his full retirement in 2010, Peter will become Chairman for Asia Pacific, while also taking strategic oversight of several development targets for global business lines. All three of these management changes are effective from January 2009.
Announcing these changes, Jones Lang LaSalle's global CEO, Colin Dyer, commented: "These appointments recognize the outstanding contributions that Alastair, Christian and Peter have made to the firm and provide a clear demonstration of our depth of outstanding talent which ensures that our leadership changes are made smoothly and efficiently. Alastair, Christian and Peter will provide fresh perspectives and ideas in their new roles while maintaining the high levels of client service and focus on growth for which they are known."
Christian Ulbrich (42) joined the firm in early 2005 as head of its German business and he has driven impressive organic growth, combined with the acquisition of Kemper's Group, Brune Consulting and other quality businesses, allowing Jones Lang LaSalle to gain a clear market leadership position. During this time, Germany's revenues have more than tripled and a loss making business has been turned around into a profitable, dynamic operation. Since 2007, we have added four new offices, giving us presence in ten cities across the country. In his new role as CEO for EMEA Christian will divide his time between London and Frankfurt.
Commenting on his new role Christian Ulbrich said: "It is a great privilege to be asked to lead the EMEA region. My focus will be firmly set on further extending our market position and building our business across the region, while working with business leaders on adapting our approach to these more challenging market conditions. Alastair has set a great example on how to grow market share and my aim is to continue that success. Only the best businesses can perform well in difficult markets, attracting new clients and opportunities."
A search is currently under way for the new managing director of Jones Lang LaSalle's business in Germany.
Alastair Hughes' (42) contribution in EMEA has been transformational, guiding the region through an unprecedented phase of expansion and strengthening across all business lines. Profits rose over three fold and revenues nearly doubled in the three years to 2007, with both robust organic growth and 13 key acquisitions. During this time, Jones Lang LaSalle has seen its established western European businesses reassert its strength, confidence and market position, while its Russian and central and eastern European businesses and its new offices in the Middle East have grown exponentially. Alastair has been with the firm for 20 years. He will relocate to Singapore.
He added: "I have worked closely with Christian as he has transformed our German business into the powerhouse it is today. He has been an influential member of the EMEA Board and has played a major role in shaping our overall strategy during the last three years as we have sought to strengthen and grow. So there will be change but also continuity which is a powerful blend.
"So I'm confident about the prospects for EMEA and I am excited about helping to drive growth in Asia Pacific. I am convinced that both regions are well placed to weather the storms of difficult global market conditions and emerge with even greater market share. Jones Lang LaSalle in Asia Pacific has a great team and everything I do will be working towards reinforcing those strengths and the depth of talent at all levels of our business while growing market share and ensuring we all remain focused on excellent client service and advice."
As Alastair Hughes joins Asia Pacific as CEO, Peter Barge will become Chairman. Under Peter Barge's (58) managem