Philip La Pierre, who joined LaSalle Investment Management in 2018, has been promoted to head the firm鈥檚 $23bn (鈧�19.5bn) pan-European real estate business.
said La Pierre, the head and CIO of continental Europe, has been appointed CEO of Europe following predecessor Karen Brennan鈥檚 move to parent company as CFO.
From next month, La Pierre will have overall responsibility for LaSalle鈥檚 pan-European real estate business and will join the firm鈥檚 global management committee.
Under La Pierre鈥檚 leadership, LaSalle鈥檚 continental Europe managed assets have increased 30% to $10.3bn, LaSalle said.
Jeff Jacobson, global CEO at LaSalle, said: 鈥淧hilip 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鈥檚 leading real estate investment managers.
鈥淭his is a pivotal moment for our firm and for our sector, and we are very fortunate to have someone with Philip鈥檚 talent, knowledge and experience leading us in Europe at this time.鈥�
鈥淕iven the strong foundations which have been set across the region, I look forward to continuing to work closely with Jeff and the regional leadership team to generate superior investment performance on behalf of our clients, drive the long-term growth of our business, and advance our global position,鈥� La Pierre said.
La Pierre joined LaSalle in June 2018 following a brief stint at as co-CIO. Prior to joining Corestate, he spent eight years at 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.
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