LaSalle announces global leadership transition

Rhea-AI Summary

LaSalle Investment Management (NYSE: JLL) announced a planned global leadership transition effective January 1, 2026. Brad Gries is promoted to Global CEO and will continue as Head of the Americas. Tim Kessler is promoted to President while retaining his role as Global COO. Current Global CEO Mark Gabbay will transition to Executive Chairman after a 15-year tenure at LaSalle.

The moves emphasize internal succession, continuity of executive oversight, and ongoing alignment with JLL leadership: Gries will report to Richard Bloxam, CEO of JLL Capital Markets.

Positive

• Leadership transition effective January 1, 2026
• Mark Gabbay transitions to Executive Chairman after 15 years
• Brad Gries retains role as Head of the Americas
• Tim Kessler promoted to President while remaining Global COO
• Internal succession signals continuity and talent development

Negative

• None.

• Brad Gries and Tim Kessler become Global CEO and President, respectively
• Mark Gabbay transitions to Executive Chairman effective January 1, 2026, following a successful tenure strengthening the global platform and delivering strong investment performance

CHICAGO, Dec. 3, 2025 /PRNewswire/ -- LaSalle Investment Management, the global investment management business of JLL (NYSE: JLL), today announces a planned leadership transition – with Brad Gries promoted to Global CEO, and Tim Kessler to President, both effective January 1, 2026. Current Global CEO Mark Gabbay will transition his role to Executive Chairman following a successful tenure that included navigating the platform through the global pandemic and the current real estate cycle.

During Gabbay's leadership, LaSalle strengthened its global platform, expanded capabilities across key markets and consistently delivered strong investment performance for clients. His 15-year tenure with LaSalle began in 2010 as Chief Investment Officer for Asia Pacific, and he later took on the additional role of CEO of the region in 2015 before being named Global CEO in 2021.

Mark Gabbay, [incoming] Executive Chairman, LaSalle Investment Management said: "Leading this exceptional organization as Global CEO has been an extremely gratifying part of my career. Together, we have built a global culture focused on performance, innovation and collaboration that sets LaSalle apart in our industry. I'm confident that LaSalle will continue to thrive, and I'm looking forward to working with Brad and Tim to take LaSalle's strategy and success to the next level."

Brad Gries will assume the role of Global CEO and continue as Head of the Americas. Gries is based in Chicago and has been a member of LaSalle's Global Management Committee since 2021. His strategic thinking, experience and deep understanding of the business globally will position him to lead LaSalle's continued growth and evolution. Gries will report to Richard Bloxam, CEO, JLL Capital Markets and member of JLL's Global Executive Board.

Tim Kessler, also based in Chicago, has been promoted to President of LaSalle, in addition to his current role as Global COO. He has been a member of LaSalle's Global Management Committee since 2018, Kessler will report to Gries and continue to work closely with him in developing and executing LaSalle's global strategy. His comprehensive knowledge of the business and collaborative leadership approach will be instrumental as the firm continues to expand.

Brad Gries, [incoming] Global CEO, LaSalle Investment Management commented: "I'm honored to become LaSalle's Global CEO and lead the business through its next phase of growth, ensuring that we continue to exceed our client's expectations. Our global reach, diverse range of products across multiple markets and our talented team, position us perfectly for a successful future."

Tim Kessler, [incoming] President and Global COO, LaSalle Investment Management added: "It's a privilege to be appointed to President at what is an exciting time for LaSalle. Our path forward is clear – sustainable growth built on trust and strong client relationships, and commitment to our people, innovation and operational excellence."

The leadership appointments demonstrate the strength of LaSalle's internal talent development and succession planning, reflecting the firm's commitment to developing leaders from within while ensuring business continuity.

Media enquiries:

LaSalle contact: Drew McNeill
Phone: +33 6 23 50 50 21 
Email: drew.mcneill@lasalle.com  

JLL contact: Jesse Tron
Phone: +1 212 376 1215 
Email: jesse.tron@jll.com  

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$88.5 billion of assets in private and public real estate equity and debt investments as of Q2 2025. LaSalle's client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

Investing today. For tomorrow.

About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

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SOURCE LaSalle Investment Management

FAQ

When does LaSalle's leadership change take effect for JLL (JLL)?

The leadership changes take effect on January 1, 2026.

Who will be LaSalle's Global CEO after January 1, 2026 for JLL (JLL)?

Brad Gries will become Global CEO and continue as Head of the Americas.

What new role will Mark Gabbay assume at LaSalle after Jan 1, 2026 for JLL (JLL)?

Mark Gabbay will transition to Executive Chairman following a 15-year tenure.

What responsibilities will Tim Kessler hold after the promotion at LaSalle (JLL)?

Tim Kessler will serve as President in addition to remaining Global COO.

To whom will Global CEO Brad Gries report at JLL after the change?

Brad Gries will report to Richard Bloxam, CEO of JLL Capital Markets.