LaSalle Investment Management ('LaSalle') has today announced that Jeff Jacobson, CEO will relocate to LaSalle's Asia headquarters in Singapore effective January 1, 2010.
Announcing these changes, Jeff Jacobson commented, "Asia is an increasingly important part of our global business, and represents some of LaSalle's greatest future growth opportunities both in terms of investment activities and identifying new sources of capital. We currently have over US $3 billion worth of committed equity capital representing US $7 to US $10 billion of investment capital for this region. We believe this capital will provide LaSalle and our investors with unprecedented investment opportunities over the coming years, and we are committed to supporting this region with our most senior and experienced global investment professionals."
Jacobson's move will allow him to work more closely with the senior management team of LaSalle Asia in executing its business and investment strategies. Having worked in the US for over 15 years and in Europe for almost a decade, the move allows Jeff to increase his knowledge of, and involvement with, the third main region in LaSalle's global business. The existing Asian management team will remain in their current roles and responsibilities.
Jeff Jacobson will continue to execute his responsibilities in his global role as CEO. With regards to Europe where he has been located for the past nine years, the teams will continue to be led by LaSalle's European co-heads, Charles Maudsley and Simon Marrison. Jacobson will continue to remain on the European Investment Committees to ensure continuity in LaSalle's investment governance in the region.
Source: Citigate Dewe Rogerson