Deutsche wealth arm appoints Japan real estate head

23 July 2014   Category: News, Asia, Global, Japan   By Daniel Shane

Deutsche Asset and Wealth Management (DeAWM) has appointed former Prudential executive Koichiro Maeda as its new managing director and head of real estate for Japan, amid increasing interest among regional institutions for alternative and real assets.

Mr. Maeda, who will be based in Tokyo, moves from Prudential Real Estate Investors, where as managing director he was responsible for leading business development and major transaction initiatives from Japan. He has also previously held roles at Morgan Stanley and Mitsui Fudosan.

The position of head of real estate, Japan, was previously held on an interim basis by Koichiro Obu.

“Koichiro [Maeda] is an excellent addition to the management team, and a proven investment professional,” commented Pierre Cherki, head of alternatives and real assets for DeAWM. “This appointment reflects the strategic importance of our real estate platform in Japan and our continued commitment to the region.”

The firm’s alternatives and real assets platform had about US$48.3 billion in AUM as of March 31 this year, and employs more than 450 staff. It aims to provide long-term, risk adjusted returns, preservation of capital and diversification to its clients, which include governments, pensions, endowments, insurance companies and endowments.

Allocations to alternative and real assets topped $5.7 trillion globally at the end of 2013, according to a survey by consultant Towers Watson, as institutional investors such as pension funds seek further diversification.

Data published by Japan’s Association for Real Estate Securitisation last year showed that 43% of pension funds in the country have some exposure to real estate, an increase from the 31% that did in 2009.

Another report from property consultant CBRE, also published in 2013, said that it anticipated that Japan’s Government Pension Investment Fund, the world’s largest pensions manager with about $1.3 trillion in AUM, would increasingly become a major investor in property markets in and outside of Japan.