In a major development, JLL India has undergone a change of hands as their present CEO resigns making way for a new one. The seasoned banking executive Radha Dhir succeeds Ramesh Nair as the new JLL India CEO
CEO Ramesh Nair is leaving JLL to pursue opportunities outside the firm. He is succeeded by Radha Dhir, an experienced financial services executive, who has held senior leadership positions in Deutsche Bank India and Yes Bank.
In India, JLL has presence across 10 major cities (Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad, Kochi and Coimbatore) and in over 130 tier 2 and 3 markets with a workforce of close to 12,000 professionals. Headquartered in Mumbai, it is India’s premier and largest professional services firm specializing in real estate. Its services cover various asset classes including commercial, residential, industrial, retail, warehouse and logistics, hospitality, healthcare, senior living, data centres and education.
The New CEO
- Ms Dhir was previously Group President at Yes Bank, where she was Head of Multinational Corporate Banking.
- Prior to that, she was Managing Director, Head of Global Subsidiary Coverage Group, Deutsche Bank India, and a member of the Deutsche Bank India Executive Committee.
Speaking on the matter, JLL Asia Pacific CEO Anthony Couse said,: “I am delighted to welcome Ms Dhir as India CEO to lead JLL in one of the most important and exciting real estate markets in the world. I am confident that by bringing in a leader from outside of real estate, whose skills and expertise complement those of our existing management team, we will be able to take the business to the next level.”
While working for Deutsche Bank India, Ms Dhir led a relationship management team serving both multinationals and India-based corporates. Having started as a graduate trainee in 1995, she took on positions of increasing responsibility and, in 2008, was the first woman and youngest Managing Director appointed at Deutsche Bank India.
“I am honoured to be joining JLL at this critical time in India’s growth and development as we look towards a post-Covid future,” said Radha Dhir. “I have admired the JLL brand for some time and witnessed its growth and success over the past decade. I now look forward to bringing my experience from 25 years in the banking industry to JLL’s business, and to collaborating with the top-notch India leadership team.”
Road Ahead for the New CEO
- As CEO, Ms Dhir will set the overall strategic direction of JLL India, tapping into the growth opportunities of this fast maturing market.
- The real estate sector in India is expected to reach a market size of US$1 trillion by 2030 and contribute 13% to the country’s GDP by 2025, according to figures from the India Brand Equity Association.
- Ms Dhir will join JLL on 25 January 2021.
- She will report to Asia Pacific CEO Anthony Couse, will be a member of the Asia Pacific Executive Board, and will chair the India Leadership Council.
The Outgoing CEO
- Mr Nair joined JLL as an analyst in 1999.
- He rose through the ranks to become Chief Operating Officer in 2013 and then CEO of the India business in 2017.
- He was also a member of the Asia Pacific Executive Board.
In his time with the firm, he has overseen multiple businesses and functions, and has been a valued advisor to many domestic and multinational real estate owners, occupiers and investors, helping to deliver successful projects of the highest quality across asset classes and geographies.
Anthony Couse, CEO, JLL Asia Pacific, said: “Ramesh Nair has been a great asset to JLL in his two decades with the firm. I am grateful for his service, his commitment, and I thank him for the immense contribution he has made in building the business over the years. He has much to be proud of as he passes the baton to Radha Dhir, with JLL India in a strong position for future growth and with a high performing and ambitious leadership team.”