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Real Estate

LaSalle Investment Management Securities CEO to retire, names successor

Stanley Kraska and Lisa Kaufman of LaSalle Investment Management Securities

Stanley Kraska, CEO of LaSalle Investment Management Securities, will retire on Dec. 31 after more than 30 years with the firm.

Lisa Kaufman will become CEO of the securities business on Sept. 4. She will retain her position as North American portfolio manager for LaSalle's securities business.

As a further part of the transition, also on Sept. 4, Matt Sgrizzi will become chief investment officer for LaSalle Investment Management Securities. It is a new position for the securities business. He will also become a global portfolio manager with George Noon, who is also an Asia program portfolio manager. Mr. Sgrizzi will continue to serve as the European portfolio manager.

Mr. Kraska will remain at LaSalle in an advisory role until the end of the year.

"Lisa and Matt have successfully taken on increasing responsibilities over their careers with LaSalle and are well-positioned to partner with George in order to provide consistency and new leadership for LaSalle Securities," Mr. Kraska said in a written statement.

Ms. Kaufman said that she will partner with Mr. Sgrizzi to run the business. She has had a long business relationship with Mr. Kraska, who hired her 24 years ago to work with him on an opportunity fund at LaSalle Investment Management, Ms. Kaufman said in an interview. She later moved over to the securities business as an industrial analyst, which at the time was led by Mr. Kraska. She worked for him on and off but he was always involved in her career, she said.

"Sponsors really, really advocate for you, mentors help you develop your skills, and he did both," she said.