United States $86 Billion Real Estate Investment Manager LaSalle Investment Management Appoints 13-Year Veteran Co-Head & Co-CIO of Asia Pacific Steve Hyung Kim (Nomura, Lehman Brothers, Deutsche Bank, Merrill Lynch & United States Senate) as Head & Chief Investment Officer (CIO) of Asia Pacific (1/5/26) Succeeding Kunihiko (Nick) Okumura Who Will Depart in 2026 October, and 18-Year Veteran Mari Nagai Appointed as CEO of Japan (1/7/26) Succeeding Kunihiko (Nick) Okumura
16th April 2026 | Hong Kong
United States real estate investment manager LaSalle Investment Management ($86 billion AUM) has appointed 13-year veteran Co-Head & Co-CIO of Asia Pacific Steve Hyung Kim as Head & Chief Investment Officer (CIO) of Asia Pacific (1/5/26) succeeding Kunihiko (Nick) Okumura who will depart in 2026 October, and 18-year veteran Mari Nagai appointed as CEO of Japan (1/7/26) succeeding Kunihiko (Nick) Okumura. Announcement (14/4/26): “LaSalle Investment Management, the global real estate investment manager, today announces a strategic leadership transition in Asia Pacific, with Steve Hyung Kim assuming the role of Head and Chief Investment Officer (CIO) of the region effective May 1, 2026. The announcement reflects the strength, depth and continuity of LaSalle’s regional platform and positions it for continued growth under proven leadership. Steve Hyung Kim previously served as Co-Head and Co-CIO of Asia Pacific and brings 26 years of investment experience, with a strong track record in opportunistic investing and platform development. In his new role, Steve will lead the firm’s investment strategy, client relationships and business operations across the region. Kunihiko (Nick) Okumura will step down as Co-Head and Co-CIO of Asia Pacific on May 1, 2026, and will depart LaSalle on October 31, 2026. During the transition period, Nick will continue to serve in focused roles to support continuity, including as Asia Pacific Investment Committee Member through his departure date and as CEO of Japan through June 30, 2026. Mari Nagai will become CEO of Japan effective July 1, 2026. Mari currently serves as Head of LaSalle’s logistics team in Japan and leads the LaSalle Japan Logistics Fund series, bringing over 20 years of real estate experience in Japan and 18 years with LaSalle.” In 2025 February, LaSalle Investment Management ($88 billion AUM) appointed Steve Hyung Kim as APAC Co-CIO (1/2/25) alongside Kunihiko (Nick) Okumura, and with both to succeed Keith Fujii as Co-Heads of APAC (1/7/25) who is appointed as Chairman of APAC. Kunihiko (Nick) Okumura will continue as CEO Japan & Steve Hyung Kim will continue as Head of Korea. APAC Co-CIO & Head of Greater China Claire Tang will be departing at the end of February 2025.
“ United States $86 Billion Real Estate Investment Manager LaSalle Investment Management Appoints 13-Year Veteran Co-Head & Co-CIO of Asia Pacific Steve Hyung Kim (Nomura, Lehman Brothers, Deutsche Bank, Merrill Lynch & United States Senate) as Head & Chief Investment Officer (CIO) of Asia Pacific (1/5/26) Succeeding Kunihiko (Nick) Okumura Who Will Depart in 2026 October, and 18-Year Veteran Mari Nagai Appointed as CEO of Japan (1/7/26) Succeeding Kunihiko (Nick) Okumura “
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Brad Gries, CEO, LaSalle: “Steve’s appointment demonstrates the strength of our leadership bench in Asia Pacific and our disciplined approach to succession planning. His deep regional expertise, institutional knowledge and proven track record position our platform exceptionally well for continued success. Steve has been instrumental in building our Asia Pacific business over the past 13 years, and we are confident in his leadership as we enter this next phase of growth. We are grateful to Nick for his many contributions to LaSalle, and for the role he has played in building our strong and enduring Japan business.”
Steve Hyung Kim, incoming Head of Asia Pacific, LaSalle: “Mari is a highly respected leader and investor with deep experience and strong stakeholder relationships in the Japan market, as well as a strong track record of execution. Her appointment as CEO of Japan exemplifies our commitment to promoting and cultivating talented leaders from within the organization.”
LaSalle Investment Management – LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$86.4 billion of assets in private and public real estate equity and debt investments as of Q3 2025. LaSalle’s client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.
United States $88 Billion Real Estate Investment Manager LaSalle Appoints Steve Hyung Kim as APAC Co-CIO Alongside Kunihiko (Nick) Okumura with Both to Succeed Keith Fujii as Co-Heads of APAC who is Appointed as Chairman of APAC, Kunihiko (Nick) Okumura Will Continue as CEO Japan & Steve Hyung Kim Will Continue as Head of Korea, APAC Co-CIO & Head of Greater China Claire Tang to Depart End-February 2025
14th February 2025 – United States real estate investment manager LaSalle Investment Management ($88 billion AUM) has appointed Steve Hyung Kim as APAC Co-CIO (1/2/25) alongside Kunihiko (Nick) Okumura, and with both to succeed Keith Fujii as Co-Heads of APAC (1/7/25) who is appointed as Chairman of APAC. Kunihiko (Nick) Okumura will continue as CEO Japan & Steve Hyung Kim will continue as Head of Korea. APAC Co-CIO & Head of Greater China Claire Tang will be departing at the end of February 2025. Announcement (11/2/25): “LaSalle Investment Management (“LaSalle”), one of the world’s leading real estate investment managers, today announced key leadership appointments in Asia Pacific. Steve Hyung Kim has been appointed Asia Pacific Co-Chief Investment Officer (Co-CIO) effective February 1, 2025, partnering with Kunihiko (Nick) Okumura who will continue in his role as Asia Pacific Co-CIO. Additionally, effective July 1, 2025, Nick and Steve will succeed Keith Fujii as Co-Heads of Asia Pacific and join LaSalle’s Global Management Committee (GMC). Nick and Steve will also continue to serve as CEO of Japan and Head of Korea respectively … … As Asia Pacific Co-Heads and Co-CIOs, Nick and Steve are responsible for charting the vision and strategy for LaSalle’s business in the region and for stewarding investment performance for LaSalle’s clients. 1) Nick joined LaSalle Japan in 2011. He was appointed Asia Pacific Co-CIO in 2021 and additionally as CEO of Japan in 2023. With over 27 years of Japanese real estate experience, Nick has completed over US$20 billion of debt and equity transactions across multiple asset classes. In his time with LaSalle, Nick has been instrumental to the development and execution of our business strategy both in Japan and Asia Pacific. 2) Steve joined LaSalle in 2013 and currently serves as Head of Korea and as a member of the Asia Pacific Investment Committee. With over 24 years of real estate private equity and investment banking experience across multiple markets in Asia Pacific, he has leveraged his investment acumen to build an exceptional track record, particularly in opportunistic high-return investing strategies. LaSalle has benefitted from Steve’s creative approach to driving new investment initiatives and cultivating key relationships … … 3) As part of this leadership transition, Keith Fujii will assume the role of Chairman of Asia Pacific, also effective July 1, 2025, and retain his position as Chairperson of the Asia Pacific Investment Committee. Since joining LaSalle as CEO of Japan in 2018 and through his appointment as Head of Asia Pacific in 2021, Keith has been a key figure and a respected leader in the firm. In his capacity as Chairman, Keith will oversee the growth and stability of LaSalle’s Asia Pacific platform, collaborating closely with the leadership team to realize the firm’s ambitions in the region. 4) Claire Tang will depart LaSalle at the end of February 2025 and step down from her roles as Asia Pacific Co-CIO and Head of Greater China to pursue other opportunities. Since joining LaSalle in 2007, Claire has been instrumental in the growth of LaSalle’s Asia Pacific platform and was central to the teams that developed and executed new investment strategies as well as successfully raised capital for the region. She did so while always leading with positivity and an entrepreneurial spirit.”
Mark Gabbay, Global CEO: “The appointment of Nick and Steve as Co-Heads of Asia Pacific represents a significant milestone in their successful careers. The next chapter for our Asia Pacific platform will require a growth mindset and an innovative approach to investing, qualities which both Nick and Steve have amply demonstrated and will bring to their new roles. At the same time, I am pleased that Keith has accepted his appointment as Asia Pacific Chairman, providing continued leadership and guidance as we continue to execute our investment strategies in the region. We are grateful to Claire for her dedication and service and wish her all the best in the future … … The new appointments are a reflection of the strong bench of talented leaders as well as the robust succession plans that are in place at LaSalle. LaSalle remains committed to Asia Pacific, a region in which the firm is well-established, with a successful track record it is focused on extending.”
LaSalle Investment Management – LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$88.8 billion of assets in private and public real estate equity and debt investments as of Q3 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.
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