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News release

Chicago

Jones Lang LaSalle Appoints Kenneth Rudy to Solutions Development Role

Industry leader to focus on driving innovative solutions for the firm’s corporate clients


CHICAGO, SEPT. 16, 2009 ─ Jones Lang LaSalle today announced it has appointed industry leader Kenneth Rudy to a client-facing, solutions development role in the firm’s Americas Corporate Solutions Business.  Rudy, formerly President and Chief Operating Officer of the Capital Markets group, will now assume an International Director role within the growing Corporate Solutions organization.
 
“As we move toward a recovery it is crucial that we marshal the expertise of our key leaders into positions where they can best benefit our clients. Kenneth has 25 years of experience in corporate client development and transaction management, and his vast corporate finance expertise will make an immediate impact on the firm’s corporate clients,” said Stuart Hicks, CEO of Jones Lang LaSalle’s Corporate Solutions business in the Americas. “Before Kenneth led the capital markets team, he held a senior role within our Corporate Solutions business for seven years. We’re pleased he’s returning to our team where he will play a crucial role in creating solutions to the economic challenges our corporate clients are facing today.”
 
Jones Lang LaSalle’s Corporate Solutions business helps corporations improve the cost, efficiency and performance of their national, regional or global real estate portfolios by creating outsourcing partnerships to manage and execute a range of occupier services.  This service delivery capability helps create new client relationships, particularly as companies turn to the outsourcing of their real estate activity as a way to manage expenses and enhance sustainability. These services are also proving to be countercyclical as demand for these services has strengthened as the economy has weakened. In addition, current corporate clients are demanding multi-regional capabilities.
 
In his new role, Rudy is responsible for the development of client strategies for major corporations requiring real estate solutions for their company’s occupancy requirements.  Mr. Rudy specializes in corporate finance, occupancy transactions and for developing and executing portfolio strategies that incorporate a client’s occupancy and financial objectives.  He assists clients by utilizing sophisticated methods and tools for determining the optimal way to finance, acquire and dispose of their facilities, resulting in enhanced flexibility, a reduction of occupancy costs, lower residual risks, improved margins and the release of capital to invest in higher-yielding core business or the retirement of debt.
 
In his previous role, Mr. Rudy led the firm’s Capital Markets practice and established a strategic framework for growth. Jay Koster now succeeds Rudy as President and Chief Operating Officer of the firm’s capital markets group and will continue to propel the capital markets business forward.
 
Prior to joining Jones Lang LaSalle in 1995, Mr. Rudy worked in the real estate industry for 11 years in asset management, leasing, development and acquisitions. He holds a Masters of Management degree from Northwestern’s J.L. Kellogg Graduate School of Management and a Bachelor of Arts degree in finance from the University of Texas.  He serves on Jones Lang LaSalle’s Americas Corporate Solutions Board, the Public Institutions Advisory Board, the America’s Management Committee and the Healthcare Practice Executive Committee.
 
Mr. Rudy makes frequent presentations to trade and industry associations including CoreNet Global Summit, Net Lease Summit and ULI.  He recently received CoreNet’s Luminary award for outstanding performance as a speaker at CoreNet Global in 2008.  He has also appeared before Congress to advise the U.S. House of Representatives’ Subcommittee on Public Buildings on the effects of the credit crunch on the federal real estate market.  As a formal witness, Mr. Rudy testified at the Congressional hearing titled “Credit Crunch: A Hearing on the Effect on Federal Leasing and Construction” on July 30, 2008.
 
About Jones Lang LaSalle
 
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $36 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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