LaSalle Investment Management continues its focus on Asia, an operation seeing exponential growth, now with 110 staff and US$4.5 billion in assets under management with substantial additional committed capital to invest. Philip Ling, now on board acting as Managing Director in Asia Pacific, is based in Singapore and is responsible for assisting with the development and execution of LaSalle's overall business strategy in the region and recruiting, training and managing a team of people as needed to support planned growth initiatives.
Mr. Ling brings with him an exceptional track record across multiple asset types and more than 25 years investment management experience both in the UK and Asia Pacific. He has proven leadership experience in high growth organizations and most recently served as CEO of Investment Management for Lend Lease in Australia, where he led initiatives focused on maximising performance of all assets for the wholesale investment management business line across Asia Pacific. Prior to that he was CEO for the company's Asia Pacific Wholesale Funds.
Mr. Ling's appointment further underscores LaSalle's commitment to the region. The company has been established in Asia Pacific since 2000, and currently has six offices in the region including Singapore, Tokyo, Hong Kong, Seoul, Shanghai and Melbourne.
Peter Schaff, LaSalle's Chief Executive Officer said, "As our business continues to see attractive investment opportunities and expand, we continue to develop the platform to support those activities. We are delighted Philip has joined our team in Asia Pacific as his broad experience in the region lends to the type of senior level management talent we are continuing to add there. We're confident his management skills and industry expertise will help us continue to provide our investors with the outstanding investment performance and high quality service they've come to expect from us."