Mr. John McKinlay has been named CEO of LaSalle Canada in an announcement made by LaSalle Investment Management.
Meanwhile, Mr. Zelick Altman will be moving to an executive chairmanship position in LaSalle Canada after remaining their CEO for the last 11 years. He will also retain his position as president of LaSalle Canada income & Growth Funds.
New CEO John McKinlay will be incharge of leading the group’s 19-strong team at Toronto and will also join the LaSalle Americas Management board, which works on the firm’s business strategy.
According to the company’s statement, the new CEO will be reporting to LaSalle Americas’ CEO Jason Kern, and will be responsible for developing new business opportunities, managing investors and ensuring company’s profitable growth.
Earlier, Mr. McKinlay was working as the EVP of acquisitions at Bentall Kennedy, based in Toronto. He comes to LaSalle Canada with over 20 years of real estate investment management experience at his back. He also worked at GE Capital before that and managed to generate good volumes in investment transactions.
The firm, LaSalle Investment Management, has almost $60 billion worth of equity and investments under management and their clientele includes pension funds, government institutions, corporations and individuals.