Stuart Sziklas Joins LaSalle as Head of U.S. Custom Accounts
CHICAGO (August 22, 2019) — LaSalle Investment Management (“LaSalle”) is pleased to announce that Stuart Sziklas will join the firm as the Head of U.S. Custom Accounts, effective September 3, 2019. Mr. Sziklas will be based in LaSalle’s global headquarters in Chicago, report to Americas CEO Jason Kern and join the Americas Advisory Board, as well as the Americas Investment Committee.
Mr. Sziklas’s appointment coincides with the transition of Karen Brennan to CEO of LaSalle’s European business.
In this role, Mr. Sziklas will lead the team of portfolio managers for LaSalle’s U.S. Custom Accounts clients, responsible for actively managing portfolios of office, retail, multifamily and industrial investments located throughout the U.S., while delivering investment performance that meets or exceeds objectives. Working closely with LaSalle’s Transactions, Asset Management, Research & Strategy, Client Accounting and Client Capital Group, he will oversee the development and execution of individual portfolio strategies including selection of new investments, key property-level initiatives, financing strategy, and hold / sell decisions.
Mr. Sziklas brings more than 20 years of industry experience to LaSalle, having served in a variety of portfolio management, acquisitions and asset management roles. Most recently he served as Senior Managing Director, Portfolio Manager at CBRE Global Investors, where he was responsible for overseeing large-scale separate account mandates spanning 11 million square feet with an aggregate value of $3.5 billion.
Prior to CBRE Global Investors, Mr. Sziklas was a member of the asset management group of Beacon Capital Partners, a Portfolio Manager for CBRE New England, and a Director of Property Management for Aetna Inc’s Corporate Real Estate group.
Jason Kern, LaSalle Americas CEO, said: “I am excited to welcome Stu onto my senior management team as the next leader of our U.S. Custom Accounts business. With his broad-based experience and extensive background working across property types and the risk spectrum, he has the right mix of skills to help continue LaSalle’s track record of delivering strong investment performance for our clients. I am confident that Stu will be an excellent cultural fit and a terrific addition to our firm.”
Stuart Sziklas, Head of U.S. Custom Accounts, commented: “I am excited to join LaSalle during a period of substantial growth, and look forward to helping build upon the firm’s impressive track record of investment performance. LaSalle’s strong reputation and platform capabilities are a testament to the quality of its people, and I look forward to working closely with colleagues around the world to help advance the firm’s objectives.”
About LaSalle’s U.S. Customs Accounts Group
Custom Accounts is LaSalle’s U.S. separate account business with approximately $10 billion of assets under management. LaSalle’s U.S. Custom Accounts team designs and executes mandates with the appropriate risk-return balance based on investment objectives established through dialogue with its clients. Each program is tailored by property type, geography, target returns, use of leverage, risk profile and liquidity needs. All accounts are managed by experienced Portfolio Managers supported by teams of real estate professionals that represent a complete range of skills including research and strategy, acquisitions, due diligence, asset management, client services and accounting. Mandates cover core, value-add and opportunistic investment strategies, and can encompass a single sector and strategy or a more diversified approach. The separate accounts are invested across the main property sectors, including office, industrial, retail, and residential.
About LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $68.4 billion of assets in private and public real estate property and debt investments as of Q1 2019. 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. For more information please visit http://www.lasalle.com, and LinkedIn.
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