JLL has appointed Siddharth Mehta as its new chairman.
Mehta, known as Bobby, succeeds Sheila Penrose, who joined the JLL board in 2002 and has held the chairman role since 2005. She will remain on the board as an independent director and chair of the nominating and governance committee.
Mehta joined the JLL board in July 2019 and brings with him extensive expertise and senior management experience in the financial services industry, including having served, from 2007 through 2012, as president and chief executive of TransUnion LLC, a global provider of credit information and risk management solutions. Prior to TransUnion, from 1998 to 2007, Mehta held a variety of positions with HSBC Finance Corporation and HSBC North America Holdings, Inc., including chairman and chief executive of HSBC North America and chief executive of HSBC Finance Corporation.
He currently serves on the boards of the Allstate Corporation, Northern Trust, TransUnion, Entrust Datacard Corporation and Amount.
Penrose said: “Bobby adds to the board’s deep understanding of financial services and the key role of technology in business and the real estate industry, through his CEO and public company director experience. I look forward to supporting him in his role as chairman as he leads the board of JLL to a long and prosperous future.”
Mehta said he looked forward to “continuing the legacy of strong leadership and stewardship established by Sheila over the past 15 years in her service as chairman”.
He added: “In these uncertain times we will continue to adhere to our principles of transparency and ethical governance, focus on our commitment to diversity and inclusion, and lead at the intersection between technology and real estate.”
JLL chief executive Christian Ulbrich said Mehta would help the agent “strengthen our keen focus on providing superior services to our clients and to shaping the future of real estate for a better world”.
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