Okumura and Kim Step Up as Asia Pacific Co-Leaders at LaSalle
Investor - People | Feb 11, 2025 | LaSalle Investment Management
LaSalle Investment Management has announced significant changes to its leadership structure in the Asia Pacific region. Effective February 1, 2025, Steve Hyung Kim joins Kunihiko (Nick) Okumura as Asia Pacific Co-Chief Investment Officer (Co-CIO). The duo will succeed Keith Fujii on July 1, 2025, as Co-Heads of Asia Pacific while continuing in their roles as CEO of Japan and Head of Korea, respectively. These appointments mark notable advancements in the region’s leadership, with Nick and Steve steering the regional vision and investment strategy. Keith Fujii transitions to Chairman of Asia Pacific, continuing his role as Chairperson of the Asia Pacific Investment Committee to ensure stability and growth. Claire Tang will depart at the end of February 2025, having contributed significantly to the firm's regional growth since 2007. CEO Mark Gabbay commends the appointments as reflective of LaSalle's robust succession planning and emphasis on innovative investment strategies. LaSalle manages $88.8 billion in real estate assets globally, showcasing a strong commitment to the Asia Pacific market's growth.
Sectors
- Real Estate Investment
- Private Equity
Geography
- Asia Pacific – The leadership changes and strategy development are specifically tailored to the Asia Pacific region, emphasizing its importance in LaSalle's global strategy.
- Singapore – The announcement is made from Singapore, underscoring its role as a hub for LaSalle's operations in the Asia Pacific.
Industry
- Real Estate Investment – LaSalle Investment Management specializes in real estate investments, making this industry relevant as the article discusses leadership changes within this sector.
- Private Equity – The article revolves around LaSalle, a private equity firm, and its strategic appointments, highlighting the importance of leadership in managing investments.
Financials
- US$88.8 billion – The total assets under management by LaSalle globally as of Q3 2024.
- US$20 billion – The total transactions completed by Kunihiko Okumura across multiple asset classes in Japan.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LaSalle Investment Management | PE Firm | Company | A global leader in real estate investment management, overseeing $88.8 billion in assets. |
| Kunihiko Okumura | Asia Pacific Co-Chief Investment Officer & Co-Head | Person | Currently serving as Asia Pacific Co-Chief Investment Officer and CEO of Japan. |
| Steve Hyung Kim | Asia Pacific Co-Chief Investment Officer & Co-Head | Person | Presently Head of Korea and a vital figure in LaSalle's Asia Pacific strategy. |
| Keith Fujii | Chairman of Asia Pacific | Person | A respected leader transitioning to Chairman, focusing on the region's stability and growth. |
| Claire Tang | Former Asia Pacific Co-CIO | Person | Played a crucial role in the region's growth, now stepping down to pursue other opportunities. |
| Mark Gabbay | Global CEO | Person | Oversees LaSalle's global operations and has commented on the significance of the leadership appointments. |