La Salle Investment Management has announced the retirement of Phillip Ling as co-CEO of Asia-Pacific and head of the Australian business. Ling joined the global real estate fund manager in August 2008 from Lend Lease and was responsible for developing and executing LaSalle's Asia Pacific strategy. Ling will remain as a non-executive director of the responsible entity of the firm's Australian business and Chris Forbes will now manage operations in Australia. Mark Gabbay, who is based in Hong Kong, has been appointed the sole chief executive for the Asia-Pacific region.