From the New York website: Global commercial brokerage powerhouse JLL is separating the roles of president and CEO. Christian Ulbrich – who heads the JJL’s business in Europe, the Middle East and Africa – will serve as the company’s new president.
Ulbrich will take charge of managing the company’s regional operations across the world, and will seek to grow the firm through acquisitions, according to a news release. Colin Dyer, who currently holds both roles, will remain as CEO, overseeing Chicago-based JLL’s global strategy, IT and data operations and its investment management business.
Guy Grainger, who runs operations in the U.K., will replace Ulbrich as head of the EMEA region. Chris Ireland will, in turn, take over for Grainger.
All changes are set to take effect June 1. JLL recently announced an “aggressive expansion plan” in Saudi Arabia. Its rival CBRE is expanding into the kingdom as well.
In 2015, JLL’s New York investment sales team brokered $2.9 billion in deals, making it No. 5 among all brokerages in New York City, according to a TRD ranking. – Ariel Stulberg