NIPPON REIT Investment Corporation announced that SBI REIT Advisors Co. Ltd. (SRA) has decided to appoint important employee as below. Reasons for the election of the important employee: To date, SRA has adopted a system for making investment decisions, with one deputy senior general manager of the Investment Management Division serving as CIO (Chief Investment Officer) is an important employee. Effective April 1, 2024, the Company will shift to an organizational structure in which NIPPON REIT's portfolio management is implemented by the Investment Management Department and the Asset Management Department. Accordingly, two deputy senior general managers will be assigned to the Investment Management Division. With two CIO, the deputy general managers of the respective divisions are in charge, and a joint CIO system has been adopted in which both CIO jointly implement investment decisions. Investment management is conducted under the cooperation and mutual checks and balances between the two divisions of the Investment Management Department and the Asset Management Department. The appointment of important employee and the associated joint CIO system will be implemented on April 1, 2024. Career Summary of joint CIO: Toru Sugiura, Deputy Senior General Manager of Investment Management Division: Apr.1993: Joined ASK PLANNING CENTER, INC, Osaka Office 4th Planning and Sales Department. Mar.1996: Tokyo Office 2nd Planning and Sales Department. Apr.2003: Joined Ikoma CB Richard Ellis. (currently CBRE K.K). Jul.2005: Pacific Management Corporation, Pacific Retail Management Corporation (temporary transfer). Mar.2009: Pacific Investment Corporation, (currently Cushman & Wakefield Asset Management K.K.) (employment transfer). Feb.2014: Deputy General Manager of Asset Management Dept., Sojitz REIT Advisors K.K. (currently SBI REIT Advisors Co., Ltd). Mar.2015: General Manager of Asset Management Dept. Sojitz REIT Advisors K.K. (currently SBI REIT Advisors Co., Ltd) (temporary transfer). Apr.2021: Deputy Senior General Manager of Investment Management Division, CIO. Sojitz REIT Advisors K.K. (currently SBI REIT Advisors Co., Ltd) (temporary transfer). May.2023: Deputy Senior General Manager of Investment Management Division, CIO and General Manager of Investment Management Dept. SBI REIT Advisors Co. Ltd. (temporary transfer). Mar.2024: Deputy Senior General Manager of Investment Management Division, CIO. SBI REIT Advisors Co. Ltd. (temporary transfer) (currently held position). Apr.2024: Deputy Senior General Manager of Investment Management Division, CIO (in charge of asset management Dept.) (Scheduled). SBI REIT Advisors Co. Ltd. (Scheduled). Career Summary of joint CIO: Takamichi Kato, Deputy Senior General Manager of Investment Management Division: Aug.2005: Daiwa Securities SMBC Co. Ltd. (currently Daiwa Securities Co. Ltd.) Structured Finance Dept. Apr.2009: Sumitomo Mitsui Banking Corporation (temporary transfer), Real estate finance sales Dept. Oct.2009: Daiwa Securities Capital Market Co. Ltd. (currently Daiwa Securities Co. Ltd.) Structured Finance Dept. Apr.2010: Daiwa Real Estate Asset Management Co. Ltd. (temporary transfer). Jun.2017: Manager of Investment Planning Dept. Daiwa Real Estate Asset Management Co. Ltd. (temporary transfer). Mar.2023: Managing Director Global Investment Banking Real Estate & REIT Sector Daiwa Securities Co. Ltd. Mar.2024: General Manager of Investment Management Dept. SBI REIT Advisors Co. Ltd. (currently held position).
Apr.2024: Deputy Senior General Manager of Investment Management Division, CIO (in charge of Investment management Dept.) SBI REIT Advisors Co. Ltd. (Scheduled).