Philip Ling retired Tuesday as LaSalle Investment Management's co-CEO, Asia-Pacific.
Hong Kong-based co-CEO Mark Gabbay now becomes the firm's sole CEO in the region, a news release said.
The release said Mr. Ling will remain as a non-executive director “of the responsible entity of the firm's Australian business.”
Mr. Ling, who had been based in Sydney, will return to his native New Zealand, said a spokeswoman for the firm. Mr. Ling couldn't immediately be reached for further comment.