Jones Lang LaSalle announces senior management changes (CEE)

Jones Lang LaSalle announced key senior management changes in Central & Eastern Europe. Thierry Delvaux, previously Managing Director responsible for Jones Lang LaSalle businesses both in Hungary and Romania, has accepted a new role as a Managing Director of the Jones Lang LaSalle International Business Desk ('iDesk'), based in Washington DC, USA. Ferenc Furulyas - previously Head of Capital Markets Hungary - is appointed as the new Managing Director in Hungary, whilst Troy Javaher - also heading the Capital Markets team in Romania - is appointed as the new Managing Director in Romania. Both will report to John Duckworth, who leads Jones Lang LaSalle businesses in Central & Eastern Europe.

John Duckworth, Managing Director Central & Eastern Europe at Jones Lang LaSalle comments: "I am delighted for Thierry and his family in their new and exciting step. Thierry leaves behind a legacy of a thriving business in both countries where he has developed highly capable and professional teams. I am also very pleased by the smooth transition to Ferenc and Troy as Managing Directors in Hungary and Romania. Both individuals are highly respected business leaders in their markets and underline the long term commitment and strength of Jones Lang LaSalle's business in CEE. They will bring fresh additional perspective to the management of our business in the region and I look forward to working together with them."

Thierry Delvaux will relocate with his family from Budapest where he has been based since 2002, having originally joined Jones Lang LaSalle in his native Belgium in 1998. He has a proven track record in nurturing international client relationships and will be a strong complementary addition to an already highly effective team of the International Desk. The iDesk assists with key transactions and client relationship management when required in international markets. Their shared brief is to target and accelerate the growth of inter-regional business, particularly from current and prospective US-based multinational clients.

Ferenc Furulyás has been working with Jones Lang LaSalle since 2003. Previously he worked for Citibank, Bankár Kft., the State Privatization Agency and K&H Bank. As Head of the Jones Lang LaSalle Hungarian Capital Markets team he has advised institutional clients to execute over € 1bln. worth in commercial real estate transactions.

Ferenc adds: "The opportunity to head the Hungarian office is particularly exciting since market fundamentals and institutional interest are expected to further sensibly improve. Thierry has had an instrumental role in cementing Jones Lang LaSalle as one of the leading real estate advisors in Hungary. Together with our highly qualified colleagues we are looking forward to preserving this position and keep delivering professional services to our clients in Hungary."

As one of the two senior members sent to launch the Jones Lang LaSalle Bucharest office in 2007, Troy Javaher has investment / development experience in all key real estate sectors and professional experience in the South Eastern European region dating back to 1998.

While also continuing in his current role as Head of Capital Markets, Troy believes the Managing Director opportunity and market timing are ideal: "Particularly in these challenging times, understanding clients' needs and providing structured, yet innovative solutions require advisors to possess a solid understanding of the financial drivers behind the clients' decision-making process. With our strength in finance/investment advice combined with our recent recruitment of several senior team members in other service lines such as Office Agency, I believe Jones Lang LaSalle is now particularly well-positioned to take advantage of an improving Romanian market."

Source: JLL

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