14 November 2017
Reporter: Theo Andrew

LaSalle names European head in business restructure

LaSalle Investment Management (IM) has hired Karim Habra to the newly-created position of head of continental Europe, as the firm undergoes a restructure.

Habra was previously head of France for LaSalle, and his appointment replaces the firm’s previous structure of naming country heads for Europe.

He will be responsible for the acquisitions, asset management and fund management teams across Europe, and will continue to report to chief executive for Europe, Simon Marrison.

According to LaSalle, the restructuring aligns the firm more closely with its pan-European funds and also with the way clients are looking at the continent as a whole. Currently, LaSalle’s European business is active in eight counties.

Habra said: “Whilst still heading up the French business, I will be working with Simon Marrison on our strategy in order to achieve our long-term vision, and to continue to grow our business across Europe.”

Marrison said: “The decision to change the structure of our continental European business is to make it consistent with our pan-European funds; we also expect this to drive even further collaboration between our teams, and maximise the expertise in each country.”

He added: “Continental Europe is a key market for international investors, and this new structure will optimise the investment process and drive superior performance.”

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