Patrizia appoints new president for Japan business

Patrizia appoints new president for Japan business
Katsumi Nakamoto

Patrizia has appointed Katsumi Nakamoto as new president and representative director of Patrizia Japan.

Patrizia said it would accelerate business expansion in Japan with the aim of reaching AUM of JPY300bn (EUR 2.3billion).

Katsumi Nakamoto will report directly to Patrizia’s Co-CEO Thomas Wels.

Katsumi Nakamoto enjoys an outstanding reputation and track record as a leader in the Japanese real estate sector. He has worked for over 30 years in real estate investment and asset management in Japan, US and Asia.

Previously he was the President and CEO of Diamond Realty Management Inc.(DREAM), a wholly owned subsidiary of Mitsubishi Corporation, with more than USD 7bn assets under management in Japan across all major asset classes. Before becoming President and CEO of DREAM, Katsumi Nakamoto held various management positions at Mitsubishi Corporation including Head of ASEAN/China Real Estate Development Department, and President/CEO of Diamond Realty Investments Inc., in the US, a wholly owned subsidiary of Mitsubishi Corporation Americas.

In the early 2000s, he was Head of Acquisition at Mitsubishi Corp.-UBS Realty Inc., a leading J-REIT management company as well as a joint venture between Mitsubishi Corporation and UBS Asset Management AG.

“I’m very excited that Katsumi Nakamoto has accepted the leadership role for Patrizia in Japan which is a key growth market for our company and a cornerstone of our internationalisation strategy,” said Thomas Wels, Patrizia Co-CEO.

“Nakamoto brings tremendous expertise and a very strong business network to Patrizia Japan. I am convinced that he will significantly strengthen our visibility, grow our institutional client base and attract more capital to our real estate products. And thanks to his broad real estate experience in Japan, Asia and the US, he will help us develop more attractive investment opportunities for our growing international client base, not only for Real Estate (Residential, Office, Logistics ) but also for investments in PropTech companies in Japan,” he added.

“I really look forward to joining Patrizia to expand the company’s business across the risk spectrum and into further asset classes beyond residential. This is an exciting time to join the company when it is further expanding its global reach by strengthening its footprint in Asia,” said Katsumi Nakamoto. “Patrizia has built an impressive track record as an independent global investment manager over the last 37 years and already taken important steps to establish its business in Japan. With my broad experience and strong network across Asia Patrizia will be able to increase its product offering and attract more local as well as international clients. My clear ambition is to increase Patrizia’s AUM in Japan up to JPY300bn (EUR2.3bn) in the next three to four years.”

Thomas Wels added: “On behalf of the Management Board, I would like to thank Takehiko Uehara for his trust, outstanding commitment and support as our former Country Manager after the acquisition of Kenzo Capital Corporation. Uehara-san successfully integrated the asset management business and established Patrizia’s brand in Japan. He was instrumental in creating a professional investment platform and completed the transition ahead of schedule. I am also very grateful that he will continue to support us in a consultancy role.”