JLL Names Karen Brennan CFO

Rhea-AI Summary

Jones Lang LaSalle (NYSE:JLL) has appointed Karen Brennan as its new Chief Financial Officer, effective July 15. Brennan, who has over 20 years of experience with LaSalle, was previously the CEO of its European operations, managing $22 billion in assets. She succeeds Stephanie Plaines, who has left the company for personal reasons. Brennan's extensive background in the global commercial real estate sector is expected to guide JLL through its current economic challenges and future growth.

Positive

• Karen Brennan brings over 20 years of experience in commercial real estate to JLL.
• Brennan has managed approximately $22 billion in assets, indicating strong financial leadership.
• Her appointment is expected to enhance JLL's growth momentum and strategic positioning.

Negative

• None.

CHICAGO, June 22, 2020 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE:JLL) announced today the appointment of Karen Brennan as Chief Financial Officer effective July 15. Brennan, currently the Chief Executive Officer of LaSalle's operations in Europe, will report to CEO Christian Ulbrich and will join JLL's Global Executive Board. She succeeds Stephanie Plaines, who has decided to leave JLL for personal reasons after a transition period.

During her more than 20 years with LaSalle, Brennan developed extensive experience across the global commercial real estate sector while based in Chicago and Baltimore in the United States, Singapore, Hong Kong and London. As CEO for LaSalle Europe, she had overall responsibility for business strategy across six offices managing approximately $22 billion in assets under management.

Prior to that, she oversaw $9.5 billion of assets under management as the Head of Americas Custom Accounts. While in Singapore and Hong Kong, she served as Portfolio Manager, ex-Japan for two opportunity funds and developed strategic investment initiatives following the Global Financial Crisis. In these and her prior roles, she developed expertise across wide-ranging aspects of finance including forecasting, asset management, underwriting, credit facility negotiations and asset restructuring. She also served on LaSalle's Global Management Committee, chaired its European Management Board, and was a member of the Americas Investment Committee and Private Equity Board.

"Karen has excelled across a variety of roles in her two decades with JLL, and I am confident that her diverse global experience and understanding of our business will be invaluable as we navigate the current economic environment and position JLL for future growth," commented Ulbrich. "I would like to also thank Stephanie for her leadership as CFO, particularly the integration of HFF, the largest acquisition in our history, through the recent financial impacts of the COVID-19 pandemic and for ensuring a smooth transition."

Brennan earned a Master's in Business Administration from the University of Chicago and a Bachelor's in Business Administration from Loyola University in Maryland.

Brennan commented, "I look forward to leading the talented group of people in our Finance team and to partnering with colleagues around the world.  JLL's growth momentum and innovation in global real estate provide a strong platform to deliver on behalf of our clients, and I am excited to be part of this team."      

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.

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Contact: Gayle Kantro
Phone: +1 312 450 5948
Email: gayle.kantro@am.jll.com

 

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SOURCE JLL-IR

FAQ

Who is the new CFO of JLL and when will they start?

Karen Brennan is the new CFO of JLL, starting on July 15, 2020.

What was Karen Brennan's role before becoming CFO at JLL?

Before becoming CFO, Karen Brennan was the CEO of LaSalle's operations in Europe.

How much in assets did Karen Brennan manage at LaSalle?

Karen Brennan managed approximately $22 billion in assets during her tenure at LaSalle.

Who did Karen Brennan succeed as CFO of JLL?

Karen Brennan succeeded Stephanie Plaines as CFO of JLL.

What are JLL's expectations from Karen Brennan's appointment as CFO?

JLL expects Karen Brennan's experience to help navigate the current economic environment and position the company for future growth.