LaSalle Investment Management has hired the head of European research from its parent company Jones Lang LaSalle to become head of research and strategy for Asia Pacific.
The Chicago-based real estate investment management firm announced today that Guest would start his new role from 1 September.
Working with LaSalle’s global strategy team, he will be based in Singapore and report to Jacques Gordon, LaSalle’s international director of investment strategy and research, based at the firm’s headquarters in Chicago, and to Mark Gabbay, the firm’s Asia chief investment officer, based in Hong Kong.
Gordon said of the appointment: “Paul joins LaSalle at a key point in our evolution as a leader in the Asia market. We will look to Paul to help interpret macro trends throughout this fast-growing region and to participate in the development of top-performing investment strategies for our investors.”
Asia has become a more prominent region for LaSalle's investment strategy in recent times as this is where it says it sees most growth and is also the region where it has most of its equity. In the opportunistic space, the firm is currently investing out of its LaSalle Asia Opportunity Fund III which closed in 2007 on $3 billion.
Gordon said: “Asia-Pacific is a key region for our global growth strategy, which recently included solidifying our presence in the Australia market.”
Guest described his move as ‘a natural fit given my background’. He said: “The company is very well positioned across the region to target key investment opportunities.”
Prior to his role as head of EMEA Research at Jones Lang LaSalle, Guest was the property services firm’s director of UK research. Before that, he was chief European economist at Moody’s Economy.com/ Moody’s Investors Service.