Philip La Pierre was named CEO of Europe at LaSalle Investment Management effective Oct. 1, a spokesman said Friday.
Mr. La Pierre replaces Karen Brennan, who was appointed chief financial officer at LaSalle’s parent company, JLL. He will oversee the $23 billion European real estate business, reporting to Jeff Jacobson, LaSalle’s global CEO. He will also join LaSalle’s global management committee.
“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,” Mr. Jacobson said Friday in a news release. “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.”
Mr. La Pierre has served as head and CIO of Continental Europe in Munich since joining in June 2018. Mr. La Pierre has not yet been replaced, according to a source close to the company. Further details could not be learned.
LaSalle Investment Management has $65 billion of assets in private and public real estate investments globally.