LaSalle Investment Management has appointed Philip La Pierre to the role of CEO of Europe, with effect from 1 October. He will oversee all operations and strategies across Europe.
As a member of LaSalle’s senior team in Europe, La Pierre has served as head and CIO of Continental Europe for the firm since joining in June 2018. Based in London, he will report directly to Jeff Jacobson, LaSalle’s Global CEO. In his new role, La Pierre will have overall responsibility for LaSalle’s $23 bn AUM pan-European real estate business and will join LaSalle’s Global Management Committee.
During La Pierre’s leadership, LaSalle’s Continental Europe business has seen strong growth, having overseen growth of the region’s AUM by 30% to $10.3 bn and registering over $4 bn of transactions since he joined in June 2018 to date.
A German national with 20 years of experience in real estate and having overseen over €10 bn of global real estate investments, La Pierre was previously co-chief investment officer at Corestate Capital. Before this, he spent eight years at Union Investment Real Estate in various leadership roles, including the head of investment management Europe and later becoming the global head covering the Americas and APAC Region.
La Pierre’s appointment follows his predecessor, Karen Brennan, being appointed as Jones Lang LaSalle Incorporated’s chief financial officer. JLL is the parent company of LaSalle Investment Management.
Jeff Jacobson, Global CEO at LaSalle, said: ‘Philip has already played a key role in our success in Europe and I am confident that he will help us to strengthen our position as one of the region’s leading real estate investment managers. This is a pivotal moment for our firm and for our sector, and we are very fortunate to have someone with Philip’s talent, knowledge and experience leading us in Europe at this time.’
