Leadership Transition at LaSalle Investment Management
LaSalle Investment Management has officially announced significant changes in its leadership structure. Brad Gries has been promoted to the position of Global CEO, while Tim Kessler has stepped into the role of President, effective from the beginning of 2026. These changes come as current Global CEO Mark Gabbay transitions to the position of Executive Chairman after a remarkable tenure that greatly enhanced LaSalle's global business performance.
Mark Gabbay’s Remarkable Leadership
Mark Gabbay has been a key figure in LaSalle for the past 15 years. His leadership has been instrumental during challenging times, including the global pandemic and fluctuating real estate markets. Gabbay first joined LaSalle in 2010 as Chief Investment Officer for the Asia Pacific region, later taking on the role of CEO in 2021. Under his guidance, LaSalle bolstered its global presence and consistently outperformed market expectations for investment returns.
Gries and Kessler’s New Roles
In his new role as Global CEO, Brad Gries will also continue to lead LaSalle's operations in the Americas. His comprehensive understanding of the real estate business and strategic vision positions him well to guide the company through its next phase of growth. Gries has been part of LaSalle's Global Management Committee since 2021 and will work directly with Richard Bloxam, CEO of JLL Capital Markets.
Tim Kessler, now President and Global COO, has been with the company since 2018. His experience and leadership in developing and executing LaSalle's global strategy will be vital as the firm seeks to enhance its market footprint. Kessler's collaborative style and extensive knowledge will help LaSalle maintain its commitment to service excellence.
Future Outlook for LaSalle
The leadership appointments signify LaSalle's dedication to nurturing talent from within its ranks. This strategy not only bolsters internal morale but also ensures a consistent vision moving forward. Gabbay expressed confidence in his successors, stating, “I’m looking forward to working with Brad and Tim to take LaSalle's strategy and success to the next level.”
Innovation and Client Focus
In their new roles, both Gries and Kessler are expected to emphasize innovation and solid client relationships. Gries reflected on this opportunity, saying he is honored to lead LaSalle during this pivotal time, ensuring that client expectations are not only met but exceeded.
Kessler echoed these sentiments, highlighting their path toward sustainable growth, driven by commitment to their people and operational excellence. This focus on client trust and relationship-building is central to LaSalle's ethos.
About LaSalle Investment Management
LaSalle Investment Management is a subsidiary of JLL, recognized for its comprehensive approach to real estate investment management globally. Managing approximately US$88.5 billion in assets across public and private realms, LaSalle caters to various institutional investors like pension funds, insurance companies, and corporations.
Besides a vast selection of investment vehicles, LaSalle prides itself on a diverse portfolio that caters to different market needs globally. The firm continues to invest in developing a robust talent pool, essential for effective operations and achieving long-term success.
Frequently Asked Questions
1. What leadership changes are taking place at LaSalle?
LaSalle Investment Management has appointed Brad Gries as Global CEO and Tim Kessler as President, effective January 1, 2026.
2. Who is Mark Gabbay and what role will he play moving forward?
Mark Gabbay will transition to Executive Chairman after a successful tenure as Global CEO, focusing on strategic oversight and leadership.
3. How will the new leaders impact LaSalle's strategy?
Gries and Kessler are expected to enhance LaSalle's global strategy with an emphasis on innovation and strong client relationships.
4. What is LaSalle's asset management strategy?
LaSalle manages around US$88.5 billion in assets, focusing on a diverse range of investment vehicles to meet the needs of their global clientele.
5. How does LaSalle emphasize internal talent development?
LaSalle prioritizes promoting leaders from within to ensure continuity and to build a strong, cohesive team ready to meet future challenges.
