CHICAGO – USA – Focusing on the continued growth of its robust Corporate Solutions business, Jones Lang LaSalle (NYSE: JLL) has announced that effective in early 2014, John Forrest will take the position of Chief Executive Officer of Corporate Solutions, Americas. Forrest currently serves as CEO of JLL’s Corporate Solutions business in Asia Pacific. In that capacity, he has led the growth of the firm’s corporate real estate services business line to a market leadership position in the region. He will report to Lauralee Martin, Chief Executive Officer, Americas.
“John will bring to our existing strong competitive position in the Americas the global perspective that will continue to drive the success of our Corporate Solutions business,” said Martin. “His deep knowledge of the business, strong reputation in the industry, and extensive relationships with global and regional clients will enable him to lead our business as we continue to deliver the best services and solutions to clients.”
Forrest has more than twenty years of experience in real estate and management in Asia, North America and Australia. As the CEO Corporate Solutions, Asia Pacific since 2008, he leads a business that serves more than 130 strategic alliance clients in 14 countries, making it the largest provider of corporate real estate services and outsourcing solutions in Asia Pacific. Contributing to the overall growth of the firm in Asia Pacific, he also has played an instrumental role in mergers and acquisitions that established JLL as the largest provider of real estate services in India and expanded its platform in Japan and Australia.
Before becoming CEO of Corporate Solutions, Asia Pacific, Forrest was responsible for the firm’s regional business lines across Asia Pacific that included Leasing and Tenant Representation, Property & Asset Management, and Engineering Services in addition to Corporate Solutions. He previously held management responsibility for India and handled cross border investment transactions for Singapore-based investors and institutions. He began his career with Jones Lang LaSalle in Australia and also worked in corporate real estate services and fund management in North America before moving to Singapore in 1996.
“As companies across the globe pursue growth and productivity, they turn to Jones Lang LaSalle for scalable business solutions that we provide locally, regionally and globally,” said Forrest. “We have the best people in the business working with the top companies across the world. I look forward to joining the talented team in the Americas to continue to deliver innovative solutions to our clients with the seamlessness enabled by our global platform.”
Forrest holds an MBA from Macquarie University, Sydney, and a Bachelor’s Degree in Land Economics from the University of Western Sydney, where he was awarded the University Medal. He is a member and past Board Director of CoreNet Global, and a member of the Economist Network, IMA Asia and the American Chamber of Commerce.
Forrest will succeed Tod Lickerman, who has left the firm. Until Forrest assumes his Americas role in 2014, the Americas Corporate Solutions business will be led by its Executive Committee, which is chaired by Doug Sharp, President, Corporate Solutions. A successor to Forrest in Asia Pacific will be announced in due course to ensure an orderly transition.
A leader in the real estate outsourcing field, Jones Lang LaSalle’s Corporate Solutions business helps corporations improve productivity in the cost, efficiency and performance of their national, regional or global real estate portfolios by creating outsourcing partnerships to manage and execute a range of corporate real estate services. This service delivery capability helps corporations improve business performance, particularly as companies turn to the outsourcing of their real estate activity as a way to manage expenses and enhance profitability.
About Jones Lang LaSalle
Jones Lang LaSalle (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. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.3 billion of real estate assets under management.
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