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.
News Market Reaction
On the day this news was published, JLL gained 1.65%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
JLL gained 1.91% while peers were mixed: CBRE +1.71%, FSV +1.39%, CIGI +0.51%, BEKE -0.28%, CSGP -0.43%, suggesting a stock-specific response to the leadership news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 03 | Leadership transition | Positive | +1.6% | Planned LaSalle CEO and President succession effective January 1, 2026. |
| Dec 03 | Operations contract win | Positive | +1.6% | JLL selected to operate New Terminal One facilities at JFK Airport. |
| Dec 01 | CFO appointment | Positive | -0.6% | Appointment of Amanda Brimmer as CFO, Leasing Advisory and Corp Dev head. |
| Nov 25 | Market cycle update | Positive | +3.9% | Report of improving global bidding activity across private real estate markets. |
| Nov 17 | Industry awards | Positive | -3.4% | Frost & Sullivan APAC and Singapore Company of the Year facility awards. |
Recent news has often been positive with mixed reactions: three events aligned with price moves and two showed divergence, indicating investors sometimes fade good headlines.
Over the last month, JLL has reported stronger Q3 2025 results, strategic wins, and recognition, alongside several leadership and governance updates. Notable items include a positive reaction of 3.85% to improving global bidding activity and a -3.37% move after facility management awards. The current LaSalle leadership transition, with promotions effective January 1, 2026, fits a pattern of internal succession and governance refinement following earlier board and executive appointments.
Market Pulse Summary
This announcement details a planned succession at LaSalle, with Brad Gries becoming Global CEO and Tim Kessler President effective January 1, 2026, while current CEO Mark Gabbay moves to Executive Chairman after a 15-year tenure. It reinforces internal talent development and continuity within JLL’s investment management arm. In context of other 2025 governance changes, investors may watch execution under the new leadership team and how LaSalle’s performance trends within JLL’s broader real estate services platform.
AI-generated analysis. Not financial advice.
- 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
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
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
Tim Kessler, also based in
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
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
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SOURCE LaSalle Investment Management
FAQ
When does LaSalle's leadership change take effect for JLL (JLL)?
Who will be LaSalle's Global CEO after January 1, 2026 for JLL (JLL)?
What new role will Mark Gabbay assume at LaSalle after Jan 1, 2026 for JLL (JLL)?
What responsibilities will Tim Kessler hold after the promotion at LaSalle (JLL)?
To whom will Global CEO Brad Gries report at JLL after the change?
