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(SINGAPORE) Property fund manager LaSalle Investment Management said yesterday that its global CEO Jeff Jacobson will relocate to Singapore from Jan 1 next year because he wants to base himself in the world's fastest-growing region.
'Asia is an increasingly important part of our global business and represents some of LaSalle's greatest future growth opportunities in terms of investment activity and identifying new sources of capital,' Mr Jacobson said.
LaSalle Investment Management, the fund management arm of Jones Lang LaSalle, has more than US$3 billion of committed equity capital - representing US$7 to US$10 billion of investment capital - for the region, he said.
'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.'
The company manages about US$36 billion of real estate assets in total. Mr Jacobson now works out of Europe. His move will allow him to work more closely with the senior management team of LaSalle Asia. It will also increase his knowledge of and involvement with the third main region in LaSalle's global business after Europe and the US.
The existing Asian management team will remain in their current roles and responsibilities.
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