LaSalle Investment Management has appointed Philip La Pierre as chief executive officer of Europe, effective October 1. Based in London, he will report directly to Jeff Jacobson, the group’s global CEO. In his new role, La Pierre will have overall responsibility for LaSalle’s US$23 billion in assets under management in the pan-European real estate business and will join the company’s global management committee.

He will succeed Karen Brennan, who has been named as Jones Lang LaSalle’s chief financial officer. JLL is the parent company of LaSalle Investment Management.

As a member of LaSalle’s senior team in Europe, La Pierre has served as head and chief investment officer of Continental Europe for the firm since joining in June 2018. The company’s Continental Europe business has grown by 30% to US$10.3 billion in AUM and registered over US$4 billion of transactions during his leadership.

Prior to LaSalle, he was co-CIO at Corestate Capital. Before that, he spent eight years at Union Investment Real Estate in various leadership roles.