LaSalle Investment Management has unveiled a leadership transition in Japan, with Kunihiko (Nick) Okumura set to take over from Keith Fujii as CEO of the fund management unit of JLL, effective March 31.
Nogami will replace Ryota Morioka as fund manager of the firm’s open-ended LaSalle Japan Property Fund. Both appointments reflect a well-planned succession process, which has been underway for several years, according to a statement from LaSalle. Fujii, who has been promoted to head of Asia Pacific, will continue to serve LaSalle in a senior capacity, while Morioka and Yasuo Nakashima will leave the company to pursue other interests.
Okumura, who joined LaSalle Japan in 2011, has completed over $15 billion in debt and equity transactions across various asset classes. In his new role, he will oversee the expansion of the firm’s portfolio and focus on delivering strong performance for its investors. Nogami, who brings over two decades of experience in Japanese direct real estate investments, takes over a core fund with assets under management of more than JPY 200 billion ($1.54 billion) in gross asset value.