JLL, one of the world's leading real estate investment and advisory firms, has appointed Christian Ulbrich as its new chief executive officer from next month.

He will replace Colin Dyer who steps down from his main role on September 30.

As president and CEO, Ulbrich will have overall leadership responsibility for JLL’s strategic direction and growth, said a statement from JLL.

He will report to the board of directors, on which he serves as an executive member, and will also chair the company’s global executive board on which he has served for eight years.

Ulbrich will continue to guide the company’s data, information and analytics priorities till he retires from JLL at the end of 2016, remaining on the board and serving as an adviser through 2017.

“Working closely with Ulbrich since he joined JLL, I know first-hand his deep understanding of global real estate dynamics and ability to lead across wide and diverse geographies,” said Dyer.

“With his guidance and our strong management team, JLL will continue to grow and prosper,” he added.

Since 2004 under Dyer’s leadership, JLL’s revenues have grown more than five times - to $6 billion - through organic growth, over 80 strategic acquisitions across the globe, and the addition of more than 100 offices and 30 new countries to its geographic footprint.-TradeArabia News Service