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News release

Chicago, IL

Jones Lang LaSalle Expands Vivian Mumaw’s Role as Global Leader of Lease Administration Practice

Seasoned veteran to drive growth in one of the fastest growing areas of Corporate Solutions


CHICAGO, Dec, 28, 2010 — Jones Lang LaSalle today announced that industry veteran Vivian Mumaw has expanded her role as the global leader of lease administration within the company’s Corporate Solutions business to drive new client intersections to lease accounting remedies. Mumaw will be responsible for optimizing strategic service delivery for the firm’s global corporate client base, which is vital considering the growing demand for guidance related to the upcoming lease accounting changes. Companies now realize the importance of establishing and implementing formal and robust lease administration platforms.

“Within the last five years, Jones Lang LaSalle’s lease administration business has continued to grow, providing a range of services from data management to full financial scope lease administration services for more than 70,000 corporate sites and $7 billion in managed leasehold spend,” said Stuart Hicks, Chief Executive Officer, Corporate Solutions at Jones Lang LaSalle. “In light of the increased volatility within the current economic environment as well as inherent corporate challenges that the lease accounting treatment requirement will bring, companies will require leading-edge lease administration strategies to help them navigate through this complex landscape. Vivian and her global team are well-poised to deliver top-tier results to our current and prospective client base.”

Within her 20-year tenure at Jones Lang LaSalle, Mumaw has served in a number of progressive financial and operational roles, including the Chief Financial Officer for the America’s region and Chief Operating Officer of the Project and Development Services business in the Americas. In her previous role as Director of Product Development and Innovation for the Corporate Solutions business, she fostered continuous improvement across the firm’s capabilities, leveraging the innovations and best practices created on client service teams, integrating services and innovations across the platform and building efficiencies through shared processes and technology.

 “Jones Lang LaSalle has been a market leader in the lease administration business for more than two decades by investing in the people, processes and tools necessary to provide superior service to companies around the globe,” said Mumaw. “As our platform continues to expand, and integrates Lease Accounting solutions for clients alongside our Corporate Finance, Consulting and Brokerage teams, I’m excited to apply the innovative new strategies of the global team to drive cost savings and efficiencies for our clients around the globe.”

Mumaw earned an MBA from The Kellogg School of Management, a Bachelor of Science in Business Administration from The Ohio State University and has her CPA.  She sits on the Board of Directors for the Juvenile Protective Agency, is a Fellow in the Leadership Greater Chicago program and a member of the Economic Club of Chicago.
 
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 2009 global revenue of $2.5 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 1.6 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 approximately $40 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.