The latest moves and appointments for senior roles for Asia-Pacific wealth management.

LaSalle Investment Management
LaSalle Investment Management has announced two appointments. Kunihiko (Nick) Okumura (pictured) will succeed Keith Fujii as chief executive officer of LaSalle Japan and will concurrently be appointed as representative director of LaSalle Japan.

Meanwhile, Itaru Nogami will succeed Ryota Morioka as fund manager of LaSalle Japan Property Fund, an open-ended core fund with total assets under management of more than JPY200 billion gross asset value ($1.45 billion). Both appointments will be effective on 31 March.

Fujii will continue to serve LaSalle as head of Asia Pacific while Morioka will depart the firm to pursue other interests. Yasuo Nakashima has also stepped down as representative director of LaSalle Japan and will depart the firm on 1 April.

Okumura, who joined LaSalle Japan in 2011, served as head of acquisitions and asset management. He was additionally appointed co-chief investment officer for LaSalle Asia Pacific in 2021. With over 25 years of Japanese real estate experience, Okumura has completed over $15 billion of debt and equity transactions across multiple asset classes. As CEO of LaSalle Japan, Okumura will continue to serve as co-CIO for the Asia Pacific region.

Nogami joined LaSalle as deputy fund manager for LJPF in 2020 and has been involved in all strategic and operational dimensions of the fund, including equity raising, debt financing, investor and lender communications, acquisition, operational management, as well as investor reporting and fund administration. Nogami has over 20 years of experience in Japanese direct real estate investments.

Okumura said, “I am honoured to be given the opportunity to lead LaSalle Japan and to build on our excellent foundation which Fujii san had strengthened with his leadership in the past few years. I’m looking forward to continuing to work with my talented colleagues to achieve strong performance for our investors and also to make LaSalle a great place to work.”

Nogami said, “I am delighted to have the opportunity to continue to serve our investors as fund manager. I’m looking forward to working with my team to maximise investment returns by expanding our diversified portfolio of high-quality, stable core assets in line with our existing strategy.”

LaSalle Investment Management is a real estate investment manager which globally manages over $79 billion of assets in private and public real estate property and debt investments, as of Q3 2022. LaSalle’s client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe.