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Ex-LaSalle Asia chief joins NZ firm

Phillip Ling, the former co-CEO, Asia Pacific for LaSalle Investment Management, has taken a director role at one of New Zealand’s largest listed property groups.

LaSalle Investment Management’s ex-co-chief executive (CEO), Asia Pacific, Phillip Ling, has resurfaced at Auckland-based property group Stride Investment Management.

Ling left LaSalle on June 30, 2015 with Mark Gabbay becoming the sole chief executive in the region after sharing the role since 2010.

He joined the Chicago-based investment manager back in 2007 and led the management of the business in Asia, initially as managing director for the region and subsequently as CEO.

In 2012, Ling moved to Australia to lead the Australian business as well as to continue to co-lead and rebuild the Asia Pacific business.

During his time at LaSalle, Ling led a team of over 175 property professionals across eight offices in the region, and was responsible for setting and overseeing the implementation of LaSalle’s Asia strategy, along with the performance of its investment products. He was chairman of the Asia Pacific Investment Committee and a member of LaSalle’s Global Management Committee.

Ling is credited with remodelling the firm’s business in the region by integrating investment, asset management and portfolio management activities through the creation of the fund manager role.

“Phillip has a passion for the real estate industry and specific expertise in asset management, property development, portfolio acquisitions and disposals, re-positioning and investment,” commented Tim Storey, chairman of Stride.

“His excellent track record of driving existing portfolio performance through setting and implementing asset planning strategies is also of real value to the board.”

Stride Investment Management manages the property portfolios of Stride Property Group, Investore Property and Diversified NZ Property Trust, which have a combined asset value of more than NZ$2 billion ($1.46 billion; €1.3 billion).

LaSalle Investment Management is one of the world’s largest property investment firms, with approximately $58 billion of private and public equity and private debt investments under management.