He takes-up the role from October 1 and replaces Dan Labbad who was appointed Group Chief Operating Officer last month.
Hipperson was previously managing director of private equity firm KKR from 2008 to 2011 and prior to that he was Chief Executive of Skanska Infrastructure Development.
While at Skanska, Hipperson successfully positioned the UK PPP business as the market leading contractor in the design and delivery of capital projects.
Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann said: “Simon brings valuable skills and experience across property, infrastructure, construction and investment management that will assist us to deliver our strategy in EMEA.
“He joins a very capable management team in the region and a business that is well positioned to leverage the market recovery.”