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CHICAGO-Jones Lang LaSalle has appointed to Jay Koster to president of the firm’s national Capital Markets group. Previously the managing director of the firm’s Corporate Capital Markets business, Koster assumes the role previously held by former Capital Markets president and COO Kenneth Rudy. In turn, Rudy assumes a new role in business development for JLL’s Americas Corporate Solutions business.

“Everybody knows the general dislocation taking place in the capital markets world, and we’re continuing to examine our business and reposition ourselves to address new things our clients need to operate,” Rudy tells GlobeSt.com. “You need to bring a holistic approach to client needs. We’ve been very diligent over the last couple of years to shape the capital markets business to be responsive to market conditions and to be sure our response is relevant to what clients need out there.”

Rudy says Koster has consistently been one of JLL’s top producers, and brings two decades of experience, including time as co-head of The Staubach Co.’s capital markets group before it merged with JLL last year. “Jay has an unbelievable track record, and he was the right person to take our capital markets group and propel its market share growth,” Rudy says. “These are two important role changes.”

JLL’s Capital Markets business now reports to Bill Krouch, CEO of it Americas Markets business. Rudy says the firm will focus on organic growth, moving into markets and expanding its businesses in a natural progression as it makes sense. Growing its Capital Markets business recently came as an effort to be equipped to take advantage of the impending recovery.

“Now is a good time because we’re on the urge of economic recovery, and when the recession ends and recovery picks up, real estate activity will pick up,” Rudy says. “We’ve really worked in the downturn to position ourselves to help the client in the recovery, because there will remain challenges in markets as we find equilibrium. We think our firm is exceptionally well positioned, and I think on a relative basis we are incredibly positioned for growth.”

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