LaSalle Investment Management, the global investment management business of real estate services firm JLL, is making a change at the top, with Brad Gries promoted to global chief executive and Tim Kessler to president.
The promotions are effective at the start of next year. Present global CEO Mark Gabbay is set to become executive chairman.
LaSalle said that during Gabbay's leadership, it had strengthened its global platform, expanded capabilities across key markets and delivered strong investment performance for clients.
He joined LaSalle in 2010 as chief investment officer for Asia-Pacific and took on the additional role of CEO of the region in 2015, before being named global CEO in 2021.
Gabbay said in a statement: "We have built a global culture focused on performance, innovation and collaboration that sets LaSalle apart in our industry."
Gries will become global CEO while continuing as head of the Americas. Gries is based in Chicago and has been a member of LaSalle’s Global Management Committee since 2021. He will report to Richard Bloxam, chief executive, 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 role as global COO. He has been a member of LaSalle’s Global Management Committee since 2018. He will report to Gries, working on global strategy.
Gries said: “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 clients' expectations."
LaSalle Investment Management is the real estate investment manager subsidiary of Chicago-based JLL. It manages $88.5 billion of assets in private and public real estate equity and debt investments as of the second quarter of 2025. Its client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe.