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News Release

London

Jones Lang LaSalle makes leadership changes to support future growth strategy


Jones Lang LaSalle has appointed Thierry Delvaux as a Managing Director of its International Desk (iDesk).  Thierry’s appointment follows Vincent Lottefier's move at the start of 2010 to lead the firm’s Corporate Solutions business in the Europe, Middle East and Africa (EMEA) region. 

Commenting on Thierry’s new role, Christian Ulbrich, CEO Jones Lang LaSalle EMEA, said: “Thierry has a proven track record in nurturing international client relationships and will be a strong complementary addition to an already highly-effective team.”

Based in Washington DC, Thierry will work alongside Giles Wrench, Executive Vice President, who is based in New York and Samit Chopra, Regional Director, sited in Palo Alto, California.  The team’s shared brief will be to target and accelerate the growth of inter-regional business, particularly from current and prospective US-based multinational clients, while also advising on one-off transactions where relevant.

In addition, Ferenc Furulyas and Troy Javaher have accepted Country Manager positions for Hungary and Romania respectively, both will report to John Duckworth, Head of Jones Lang LaSalle’s Central and Eastern European business. 
John Duckworth commented: "I am delighted for Thierry and his family in their new and exciting step. Thierry leaves behind a legacy of a thriving business in both countries where he has developed highly capable and professional teams. I am also very pleased by the smooth transition to Ferenc and Troy as Managing Directors in Hungary and Romania. Both individuals are highly respected business leaders in their markets and underline the long term commitment and strength of Jones Lang LaSalle’s business in CEE. They will bring fresh additional perspective to the management of our business in the region and I look forward to working together with them.”

Ferenc Furulyás has been working with Jones Lang LaSalle since 2003. Previously he worked for Citibank, Bankár Kft., the State Privatization Agency and K&H Bank. As Head of the Jones Lang LaSalle Hungarian Capital Markets team he has advised institutional clients to execute over €1bn worth in commercial real estate transactions.

Ferenc added: “The opportunity to head the Hungarian office is particularly exciting since market fundamentals and institutional interest are expected to further sensibly improve. Thierry has had an instrumental role in cementing Jones Lang LaSalle as one of the leading real estate advisors in Hungary. Together with our highly qualified colleagues we are looking forward to preserving this position and keep delivering professional services to our clients in Hungary.”

As one of the two senior members sent to launch the Jones Lang LaSalle Bucharest office in 2007, Troy Javaher has investment / development experience in all key real estate sectors and professional experience in the South Eastern European region dating back to 1998. 

Whilst also continuing in his current role as Head of Capital Markets, Troy believes the Managing Director opportunity and market timing are ideal: “Particularly in these challenging times, understanding clients’ needs and providing structured, yet innovative solutions require advisors to possess a solid understanding of the financial drivers behind the clients’ decision-making process. With our strength in finance/investment advice combined with our recent recruitment of several senior team members in other service lines such as Office Agency, I believe Jones Lang LaSalle is now particularly well-positioned to take advantage of an improving Romanian market.”