Leadership succession ensures strategic and cultural continuity
United Arab Emirates, Dubai: JLL, the world’s leading real estate investment and advisory firm, has announced Christian Ulbrich will assume the position of Chief Executive Officer, effective October 1, 2016.
As President and CEO, Ulbrich will have overall leadership responsibility for JLL’s strategic direction and growth. He will report to the Board of Directors, on which he serves as an executive member, and he will also chair the company’s Global Executive Board on which he has served for eight years.
Colin Dyer will step down from the CEO role on September 30, 2016. He will continue to guide the company’s data, information and analytics priorities till he retires from JLL at the end of 2016, remaining on the Board and serving as an adviser through 2017.
“Working closely with Christian since he joined JLL, I know first-hand his deep understanding of global real estate dynamics and ability to lead across wide and diverse geographies,” said Dyer. “With his guidance and our strong management team, JLL will continue to grow and prosper.”
Since 2004 under Dyer’s leadership, JLL’s revenues grew more than five times – to $6 billion – through organic growth, over 80 strategic acquisitions across the globe, and the addition of more than 100 offices and 30 new countries to its geographic footprint.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6 billion, JLL has more than 280 corporate offices, operates in 80 countries and has a global workforce of approximately 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has$58.3 billion of real estate assets under management.
JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
About JLL MENA:
Across the Middle East, North and Sub-Saharan Africa, JLL is a leading player in the real estate market and hospitality services market. The firm has worked in 30 Middle Eastern and African countries and has advised clients on real estate, hospitality and infrastructure projects worth over $1 trillion in gross development value. JLL employs over 300 internationally qualified professionals embracing 35 different nationalities across its offices in Dubai, Abu Dhabi, Riyadh, Jeddah, Al Khobar and Cairo. Combined with the neighbouring offices in Casablanca, Istanbul, Johannesburg, Lagos and Nairobi, the firm employs more than 1,100 staff and provides comprehensive services in the wider Middle East and African (MEA) region.