Lisa Kaufman has been appointed to succeed Stan Kraska as head of LaSalle Investment Management’s global real estate securities business.
LaSalle said Kraska, who’s been with the company for more than 30 years, will retire at the end of the year.
Kaufman, a managing director and North America portfolio manager, will head LaSalle Securities from September. Kraska will remain in an advisory role from September.
In her new role, Kaufman will have overall responsibility for the global securities group and will join LaSalle Investment Management’s nine-person Global Management Committee.
She will retain her role as lead North America portfolio manager.
Kaufman joined LaSalle in 1994 and the Securities group in 1998. Her previous responsibilities at the firm include providing analytical coverage for real estate securities across several property types and serving as the deputy portfolio manager for North America.
LaSalle also said Matt Sgrizzi will become chief investment officer for LaSalle Securities in September and in this capacity will partner with Lisa in leading the Securities business.
Sgrizzi will also become a global portfolio manager with George Noon and will remain in his role as the Europe portfolio manager.
Sgrizzi joined the firm in 2002. His previous responsibilities include serving as an analyst and deputy portfolio manager in the firm’s global and European securities teams.
Jeff Jacobson, LaSalle Global CEO, said: ”One of Stan’s many achievements over his 30-year career at LaSalle has been building a strong and experienced team of talented investment professionals and instituting a robust investment process. I am confident that Lisa, Matt and George are well-suited to lead our securities business.”