LaSalle Investment Names Raso Private Wealth Head
The firm appoints Michael Raso to lead its global private wealth group starting in January.
Updated on Oct. 26, 2026 in People
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LaSalle Investment Management has appointed Michael Raso as the new global head of private wealth. Raso joined the firm on October 26, 2026, and will transition into his leadership role on January 1, 2027.
Why it matters
The firm identifies the private wealth sector as a key strategic priority for its ongoing growth. This leadership change is intended to bolster the firm's development of specialized products and business opportunities in regional markets.
The firm has formalized a new global leadership position focused on private wealth strategy. This appointment marks a structural shift as the firm expands its reach beyond existing institutional investment frameworks.
The players
Michael Raso
He is the newly appointed global head of private wealth at LaSalle Investment Management.
Brad Gries
He serves as the CEO of LaSalle Investment Management and will oversee Raso in his new role.
Tim Kessler
He is the president and COO of LaSalle Investment Management who will supervise the new private wealth leadership.
The details
Michael Raso will join the Global Management Committee upon assuming his new duties. In this role, he will report directly to CEO Brad Gries and President and COO Tim Kessler to execute the firm's private wealth vision.
Timeline
October 26, 2026: Michael Raso joined LaSalle Investment Management.
January 1, 2027: Raso will assume leadership of the Private Wealth Group and join the Global Management Committee.
Market Landscape
This move reflects a growing industry trend where traditional institutional real estate firms are pivoting to capture capital from high-net-worth individuals. By formalizing this leadership role, LaSalle aligns itself with competitors currently vying for dominance in the private wealth sector.
Private wealth clients can anticipate a new pipeline of investment products tailored specifically for their portfolios. This structural change suggests a more concentrated effort to provide specialized financial services across various global regions.
The takeaway
Firms are increasingly restructuring their leadership to cater directly to non-institutional investors as a primary growth driver. Investors should monitor whether these new product development initiatives lead to more accessible market entry points.
What happens next
Michael Raso will officially begin his role as global head of private wealth and join the Global Management Committee on January 1, 2027.
Further reading
For more on shifting leadership roles in the industry, see People.
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