Global CEO LaSalle IM moves to Asia

LaSalle Investment Management announced on Wednesday that its CEO Jeff Jacobson will relocate to LaSalle's Asia headquarters in Singapore effective 1 January 2010.

'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,' Jacobson noted. ' We currently have over $3 bn (EUR 2.1 bn) worth of committed equity capital representing $7 to $10 bn 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 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. Jacobson has worked in the US for over 15 years and in Europe for almost a decade. The existing Asian management team will remain in their current roles and responsibilities.