LaSalle Investment Management has appointed Philip La Pierre as its chief executive of Europe.
From 1 October he will assume responsibility for LaSalle’s $23bn of AUM pan-European property business, replacing Karen Brennan, who has been appointed chief investment officer of LaSalle’s parent company JLL.
Based in London, La Pierre will report to LaSalle global chief executive Jeff Jacobson and will also join LaSalle’s global management committee
La Pierre has been head and chief investment officer of continental Europe for LaSalle since June 2018, during which time LaSalle said the division had seen “strong growth” with its assets under management up by 30% to $10.3bn and recording more than $4bn of transactions.
Prior to joining LaSalle, La Pierre was co-chief investment officer at Corestate Capital for around 10 months.
Before this, he was at Union Investment Real Estate for eight years holding various roles, including head of investment management Europe and global head covering the Americas and Asia Pacific.
Jacobson 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.”
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