JLL launches international capital group.
Dedicated to harnessing cross-border capital flows globally, the new group will strengthen the firm's ability to serve the international portfolio needs of globally oriented clients.
Working with and extending the reach of the firm's existing capital markets teams in the Americas, Asia Pacific and Europe, the group will develop and manage sell- and buy-side mandates, focusing on assets in excess of $100 million.
Colin Dyer, President and CEO, Jones Lang LaSalle, said, "Capital Markets is a major strength of our firm. In 2004, we completed institutional property sales and acquisitions, debt financings and equity placements on assets and portfolios valued at $34 billion. The new group--a first for Jones Lang LaSalle and, we believe, for the sector--will help secure our position as leader in this extremely important global market."
The International Capital Group will comprise a team of three of the firm's most senior professionals: Noble Carpenter, a senior leader in the Americas Capital Markets Group; Guy Hollis, Country Head of China since May 2002; and Robert Orr, currently European CEO. They will report to Tony Horrell who heads the European Capital Markets Group and drives the firm's global capital markets strategy. The firm is considering internal and external candidates for the role as the new European CEO.
Until a successor is appointed, Colin Dyer will chair the European Business Board, the region's leadership group.
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|Title Annotation:||Jones Lang LaSalle Inc.|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||May 18, 2005|
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