LaSalle Appoints New European CEO

Karen Brennan will take over the role from current CEO Simon Marrison, who will transition to chairman of the firm in June.
Simon Marrison and Karen Brennan

LaSalle Investment Management announced that current European CEO Simon Marrison will transition to chairman of the company and Karen Brennan will take over as CEO at the end of June.

The move follows a 12-year period of Marrison as CEO of the real estate investment management firm’s European business. Brennan is currently the head of Americas custom accounts for LaSalle. In his new chairman advisory role, Marrison will work closely with Brennan during the transition. Under Marrison’s leadership, LaSalle’s European business saw significant growth and diversification, doubling its AUM from $10 billion to more than $20 billion.

In her new role, Brennan will oversee LaSalle’s $22 billion AUM pan-European private equity real estate business and will join LaSalle’s nine-person Global Management Committee. She will be based in London and will also oversee the firm’s teams in the U.K., Paris, Munich and Luxembourg. Brennan joined LaSalle in 1999 and has held a variety of leadership, investment, asset and portfolio management roles across the organization.

“I believe that it is important to refresh leadership in any business and I am genuinely proud of the growth and improvement our team have achieved over the past 12 years,” said Marrison in prepared remarks.

The leadership transition comes on the heels of LaSalle’s acquisition of a Munich office portfolio for $194 million in January.

Images courtesy of LaSalle