CBRE’s Sziklas Named Head of U.S. Custom Accounts for LaSalle Investment Management

CHICAGO—LaSalle Investment Management has tapped CBRE Global Investors executive Stuart Sziklas as its Head of U.S. Customs Accounts.

Sziklas, who will take on the post on Sept.3 and will be based at LaSalle’s corporate headquarters in Chicago, will lead the team of portfolio managers for LaSalle’s U.S. Custom Accounts clients and will be responsible for actively managing portfolios of office, retail, multifamily and industrial investments located throughout the U.S. and deliver investment performance that meets or exceeds objectives.

Custom Accounts, LaSalle’s U.S. separate account business, has approximately $10 billion of assets under management.

“I am excited to welcome Stu onto my senior management team as the next leader of our U.S. Custom Accounts business,” says Jason Kern, LaSalle Americas CEO. “With his broad-based experience and extensive background working across property types and the risk spectrum, he has the right mix of skills to help continue our firm’s track record of delivering strong investment performance for our clients. I am confident that Stu will be an excellent cultural fit and a terrific addition to our firm.”

Sziklas brings more than 20 years of industry experience to LaSalle, having served in a variety of portfolio management, acquisitions and asset management roles. Most recently he served as senior managing director, portfolio manager at CBRE Global Investors in Boston, where he was responsible for overseeing large-scale separate account mandates spanning 11 million square feet with an aggregate value of $3.5 billion.

He will report to Americas CEO Kern and join the Americas Advisory Board, as well as the Americas Investment Committee of LaSalle. Sziklas’ appointment coincides with the transition of Karen Brennan to CEO of LaSalle’s European business, which was announced in March.

Sziklas will work closely with LaSalle’s Transactions, Asset Management, Research & Strategy, Client Accounting and Client Capital Group, and oversee the development and execution of individual portfolio strategies including selection of new investments, key property-level initiatives, financing strategy, and hold / sell decisions.

Prior to CBRE Global Investors, Sziklas was a member of the asset management group of Beacon Capital Partners, a Portfolio Manager for CBRE New England, and a Director of Property Management for Aetna Inc’s Corporate Real Estate group.

“I am excited to join LaSalle during a period of substantial growth, and look forward to helping build upon the firm’s impressive track record of investment performance,” Sziklas says. “LaSalle’s strong reputation and platform capabilities are a testament to the quality of its people, and I look forward to working closely with colleagues around the world to help advance the firm’s objectives.”