Jeff Jacobson, global chief executive officer of Chicago-based LaSalle Investment Management, the private equity real estate arm of global property services firm Jones Lang LaSalle, is to relocate to Asia as the private equity real estate firm targets “unprecedented investment opportunities” in the region.
Jacobson, who was appointed global chief in January 2007, will move to LaSalle’s Asia headquarters in Singapore effective 1 January 2010. He moves from London, where he has been based for the past nine years. Jacobson has also worked in the US for more than 15 years.
LaSalle said in a statement that the move would enable Jacobson to work more closely with the senior management team of LaSalle Asia, which is currently being led by chief executive officer for Asia Pacific, Jack Chandler, and managing director Philip Ling. “The move allows Jeff to increase his knowledge of, and involvement with, the third main region in LaSalle’s global business,” the release said.
Jacobson said:“Asia is an increasingly important part of our global business, and represents some of LaSalle’s greatest future growth opportunities both in terms of investment activities and identifying new sources of capital. We currently have over $3 billion worth of committed equity capital representing $7 to $10 billion of investment capital for this region.”
“We believe this capital will provide LaSalle and our investors with unprecedented investment opportunities over the coming years, and we are committed to supporting this region with our most senior and experienced global investment professionals”.
While moving from Europe, Jacobson will remain on the European Investment Committees. LaSalle Europe is led by co-heads Charles Maudsley and Simon Marrison.
Jacobson is one of a number of LaSalle’s top tier to have been with the company for more than 20 years. Before being appointed global chief in 2007, he was the chief executive officer for Europe. He worked for LaSalle Partners (a previous incarnation of the firm) on acquisitions, sales financing and restructuring. During that period, he also instigated the firm’s CMBS investment programme.
Between 1997 and 2000, Jacobson had a spell with US investor Security Capital Group as a managing director.