Jones Lang LaSalle Incorporated has announced that Christian Ulbrich, who has held the role of president since June, will also assume the position of chief executive, effective October 1st.

Ulbrich will succeed Colin Dyer, who will retire from JLL at the end of 2016 and step down from the chief executive role on September 30th, 2016.

To ensure a smooth transition, Dyer will continue to guide the company’s data, information and analytics priorities through the end of 2016.

He also will remain on the board of directors through the Annual Shareholders Meeting in spring of 2017 and serve as an adviser through 2017.

As president and chief executive, Ulbrich will have overall leadership responsibility for JLL’s strategic direction and growth.

He will report to the board, on which he serves as an executive member.

Ulbrich joined JLL in 2005 as managing director of JLL Germany and served as EMEA chief since 2009 before being named president.

Under his leadership, JLL prospered in EMEA, outperforming challenging economic conditions by nearly tripling revenue and adding such services as the Tetris design and fit-out subsidiary and residential consultancy.

Ulbrich’s extensive real estate and finance background before joining JLL includes serving as chief execurive of the HIH group of companies headquartered in Hamburg, Germany, and part of M.M. Warburg Bank, and holding various positions within German and international banks.

“Working closely with Christian 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.”

Under Dyer’s leadership since 2004, JLL’s revenues grew 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.