A former Hong Kong and Shanghai Banking Corporation (HSBC) executive has joined LaSalle Investment Management to head up its Americas division.
A statement from the Chicago-based real estate investment management firm reveals that LaSalle has appointed Jason Kern as chief executive officer for the Americas. He will replace Peter Schaff, who announced his decision to step down from the position of North America CEO last year.
Kern formally will join LaSalle on July 1 and will be based in Chicago. He will report directly to Jeff Jacobson, global CEO, and join the global management committee, as well as the North American private equity investment committee.
In a statement, Jacobson said: “Since Peter announced his decision to step down as North America CEO, we have conducted a broad search for his successor. Jason is an outstanding addition to our global leadership team.”
Schaff will remain with LaSalle until the end of 2013 as North America chairman. In this part-time role, he will focus on select client relationships and investment mandates and assist with Kern’s transition into the firm.
Kern joins LaSalle from HSBC, where he was a managing director and head of the bank’s Asia-Pacific real estate & lodging advisory group, which he founded in 2009. Prior to HSBC, Kern spent 17 years at JPMorgan, where he principally worked in senior roles within the real estate investment banking team.