LaSalle Announces Leadership Succession for its Global Real Estate Securities Business
CHICAGO AND BALTIMORE (April 26, 2018) — LaSalle Investment Management (“LaSalle”) today announced that Stan Kraska, CEO of LaSalle’s global real estate securities business (“LaSalle Securities”), will retire at year-end 2018, after more than 30 years with the firm.
As a part of the succession plan, Lisa Kaufman, Managing Director and North America Portfolio Manager, has been appointed Chief Executive Officer of LaSalle Securities, effective September 4, 2018. At that time, Mr. Kraska will remain in an advisory role through the end of 2018 to ensure a seamless transition.
In her new role, Ms. Kaufman will have overall responsibility for the global securities group, and will join LaSalle Investment Management’s nine-person Global Management Committee. She will retain her role as lead North America Portfolio Manager. Ms. Kaufman has 24 years’ experience, having joined LaSalle in 1994 and the Securities group in 1998. Her previous responsibilities at the firm include providing analytical coverage for real estate securities across several property types and serving as the Deputy Portfolio Manager for North America.
Also on September 4, 2018, Matt Sgrizzi will become Chief Investment Officer for LaSalle Securities and in this capacity will partner with Lisa in leading the Securities business. He will also become a Global Portfolio Manager with George Noon and will remain in his role as the Europe Portfolio Manager. Mr Sgrizzi has 16 years’ experience at LaSalle Securities, having joined the firm in 2002. His previous responsibilities include serving as an analyst and Deputy Portfolio manager in the firm’s global and European securities teams.
George Noon, LaSalle Securities Global Portfolio Manager and Asia Portfolio Manager, will remain in his role and will continue to work closely with Ms. Kaufman and Mr. Sgrizzi to construct and manage client portfolios. Mr. Noon Has 28 years’ experience at LaSalle Securities, having joined the firm in 1990. His previous responsibilities include serving as portfolio manager for a number of sector specific real estate securities portfolios. He has also provided analytical coverage for real estate securities across most every product type and region within the firm’s investment universe.
Jeff Jacobson, LaSalle Global CEO, said: “Stan has been a remarkable leader, colleague and friend within LaSalle and we wish him the very best in his retirement and plans to give back to the community. One of Stan’s many achievements over his 30-year career at LaSalle has been building a strong and experienced team of talented investment professionals and instituting a robust investment process. I am confident that Lisa, Matt and George are well-suited to lead our securities business.”
Stan Kraska, retiring CEO of LaSalle Securities, commented: “It has been a privilege to work alongside such talented professionals at LaSalle as we’ve built our securities business over the past 30 years. As a firm we pride ourselves on our deep team and proactive long-term succession planning. Lisa and Matt have successfully taken on increasing responsibilities over their careers with LaSalle and are well-positioned to partner with George in order to provide consistency and new leadership for LaSalle Securities.”
Lisa Kaufman, incoming CEO of LaSalle Securities, added: “It is an honor to be asked to lead the securities business at LaSalle, and I am grateful for the insights, guidance and partnership that Stan has offered over the course of my career. He has built a significant legacy within LaSalle and across the industry, and I look forward building on the foundation he has set for our business.”
About LaSalle Securities
LaSalle Securities is a leading real estate securities investment manager for pension funds, institutional and retail investors around the globe. With more than 30 years’ investment experience and professionals located in North America, Europe, and Asia, the firm has $7.6 billion of assets under management in listed real estate securities (as of March 31, 2018), including U.S., European and Global mandates. LaSalle Securities is LaSalle Investment Management’s specialist securities division and as such benefits from the resources of both LaSalle Investment Management and Jones Lang LaSalle.
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $60.5 billion as of Q3 2018 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
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