LaSalle’s Phillip Ling retires
SYDNEY June 30, 2015 – LaSalle Investment Management (“LaSalle”) has announced that Phillip Ling, Co-Chief Executive Officer, Asia Pacific, is retiring from LaSalle as of 30 June. He will remain as a Non-executive Director of the Responsible Entity of the firm’s Australian business. Mark Gabbay continues as sole CEO, Asia Pacific, for LaSalle.
Ling joined LaSalle in 2007 to lead the management of the business in Asia, initially as Managing Director for the region and subsequently as CEO. He remodeled the business by integrating the investment, asset management and portfolio management activities through the creation of the Fund Manager role.
Ling assisted in successfully steering LaSalle’s business through and post the Global Financial Crisis (GFC) by focusing on maintaining the value of pre-GFC acquired assets. These efforts enabled LaSalle to return more than 1X to investors on pre-GFC vintage funds.
In 2012, Ling moved to Australia to lead the Australian business as well as to continue to co-lead and rebuild the Asia Pacific business with the region’s Co-CEO Mark Gabbay. Ling led the organic and M&A building of LaSalle’s Australian business which today has a strong leadership team comprising: Matt Bailey, Simone Dalley, Chris Forbes, Simon Howard, Matt Luchich, Ian Mackie, Mike Stratton and Leonie Wilkinson.
Mark Gabbay, CEO Asia Pacific, LaSalle, commented, “I would like to thank Phil for his hard work and commitment to building LaSalle’s Asia business over the past eight years. I am both professionally and personally delighted that he will retain strong ties to the firm through his role as Non-executive Director.”
LaSalle was established in Asia Pacific in 2000 and is now one of the most recognized names in real estate investment management in the region. It currently manages $7.0 billion in real estate assets in Asia Pacific. LaSalle is regionally headquartered in Singapore and has approximately 150 employees located across Brisbane, Hong Kong, Seoul, Shanghai, Singapore, Sydney and Tokyo.