LaSalle Investment Management ("LaSalle") today announces that their Global COO of 31 years will be retiring at the end of 2013, to be replaced by industry veteran Elisabeth Stheeman. Stheeman will join LaSalle on April 1, 2013 and will work closely with Woodrow to manage the transition process through the end of the year. Stheeman will be based in London.
Jeff Jacobson, LaSalle Global CEO, said, "Kim is part of the LaSalle family and always will be, and I know his commitment to the future of this firm will hugely benefit the transition process. It's difficult for me to express adequate thanks for so many years of dedicated service.
"Kim is part of the group of leaders who helped shape LaSalle over the last 20+ years with their vision, strong values and commitment. Combined with the energy, perspective and skills of Elisabeth and others who have joined us more recently, we will continue our heritage of bringing a unique depth of focus and competitive investment performance to our clients. Elisabeth shares this client-centric approach and will add enormous value and insight as we work toward achieving our ambitious goals for growth."
Stheeman is a highly experienced COO with more than 20 years of extensive operating experience in a sophisticated global institution. She is a veteran of Morgan Stanley in London, where she most recently held the position of COO in their Investment Banking Division focused on Real Estate and Natural Resources. Since joining Morgan Stanley in 1988, Stheeman has held a number of key roles including COO of Real Estate Investing within MSREF, and also worked in a COO capacity for the organization's Financial Institutions Group.
Prior to Morgan Stanley, Stheeman was at Vereins- und Westbank in Hamburg, Germany. She is a graduate of the London School of Economics where she earned her Diploma of Business Studies, and Wirtschaftsakademie Hamburg where she earned her Bachelor in Business Administration.