He joined DBJ in 1985 where he has led a number of innovative projects at Electric Office, Project Finance Department, Planning Dept for Investment Banking including pioneering project finance deals and real-estate securitization deals in Japan as well as introduced PFI and turnaround management.
He also worked at the World Bank as a senior deputy director in charge of the private sector and was responsible for the privatization of state-owned enterprises in African nations.
He joined MIC in 2005 while leading the Growth Cross-Border Investment Group at DBJ supervising all the growth sector investment. He was elected CEO of MIC in October 2008.
Graduated from the University of Tokyo with a bachelor’s degree in law and from the Massachusetts Institute of Technology with a master’s degree in real estate studies and urban planning.

He joined DBJ in 1990 and through his career at Electric Office, Information & Communication Dept., Project Finance Dept., Turn-around Dept. and Planning Dept. for Investment Banking, he has led and executed many innovative projects which range from project financing, real-estate securitization, PFI, to turnaround management.
He is a director at MIC since October 2005.
Graduated from Tohoku University with a bachelor’s degree in law, and from Columbia University Professional Fellow Program.

He joined Salomon Brothers in 1986 and played a leading role in marketing financial derivative products in their early years in Japan and delivered many innovative structured deals.
After 2000 he was engaged in venture financing mainly in internet-related sectors as well as in management at venture companies where he led a cross-border JV and M&A.
He joined MIC in 2008 and is a director since April 2010.
Graduated from the University of Tokyo with a bachelor’s degree in liberal arts.

He joined PwC in 2003 after starting his career in Dai-Ichi Kangyo Bank.
Prior to joining Mercuria, he played roles in providing financial advisory services, such as due diligence, valuation and turnarounds, on buyouts and M&As for private equity funds and business corporations for more than 10 years. He was also engaged in investments targeting domestic and overseas SMEs while he was seconded to a financial institution for 2 years.
After joining Mercuria in 2014, he has been engaged in internal control operations, such as formulating business plans, structuring a consolidation closing system and planning capital policies.
BA in Commercial Science, Hitotsubashi University

He has been focused on real estate securitization and investment management since 2002, engaged in Japan Real Estate Institute, Mitsubishi Corp.-UBS Realty, LaSalle Investment Management, and CBRE. He joined Mercuria in 2022. He has professional experience in real estate investment (including M&A) for more than 600 billion yen, public offering (global equity financing) for listed J-REIT, investment advisory, and real estate development projects.
M.S. in Real Estate Development from Graduate School of Architecture, Planning and Preservation, Columbia University
Bachelor’s degree in commerce, Chuo University
Certified Real Estate Appraiser/ ARES Certified Master/ FRICS

He has been engaged in many Japan-China M&A deals at KPMG (Shanghai), Lehmann Brothers (Tokyo), KPMG (Tokyo) and Cast Consulting, and has provided thorough consulting services related to legal issues, tax and general business practice, among others.
He joined Mercuria Investment in 2008, and leads the China Bureau.
Graduated from Shanghai Jiao Tong University, College of Economics and Management, and from Hitotsubashi University with a master’s degree in business administration.

Ken Kusunoki is a professor at Hitotsubashi University’s Graduate School of International Corporate Strategy. His field of study is competitive strategy. He examines the theory behind how companies build a sustainable competitive advantage. His field of specialization at ICS is strategy. He holds a master’s degree from Hitotsubashi University Graduate School of Commerce. He served as a lecturer and assistant professor at Hitotsubashi University’s Faculty of Commerce in 1992 and 1996, respectively, and then as visiting professor at Bocconi University in Milan, Italy before joining Hitotsubashi University’s Graduate School of International Corporate Strategy in 2000. He took up his current position in 2010.
Professor Kusunoki’s pastime is music (listening, playing and dancing). He was born in Meguro, Tokyo in 1964.

After studying at Princeton University in the US, he graduated from the University of Tokyo Faculty of Law in 1990. He then joined Osaka Gas and worked in city gas sales, before going to the US again to study. In 1995, he graduated from Stanford University Graduate School of Business. After returning to Japan, he worked in the Corporate Finance Division, where he gained experience in areas such as fund management, investor relations, retirement benefit accounting, and pension investment deregulation. From 2000, he served as investment officer for Osaka Gas Corporation Pension Fund (contract-type), and engaged in full-scale investment management similar to advanced funds in Europe and the US, achieving an annual rate of 4.3% over the 15 years to 2015. In 2016, he left the company to work as a visiting senior researcher at the Research Institute of Capital Formation of the Development Bank of Japan, and to conduct research on asset management in the doctoral program of the Kyoto University Graduate School of Business. He also established a company called System 2 and started working as a pension governance advisor to help improve the international competitiveness of pension asset management in Japan.

After working for Dai-Ichi Kangyo Bank in its Overseas Sales Department, Human Resources Department, Securities Department, Market Sales Department, International Examination Department, and Kanda Branch Manager, he transferred to Kawasaki Heavy Industries, Ltd. in 1992, and after serving there as Representative Director and Executive Vice President, he became an advisor for two years from July 2005. From October 2005 to March 2018, he served as a director (part-time) of our company.
At Dai-Ichi Kangyo Bank, he was involved in international finance and corporate bond underwriting in London. At Kawasaki Heavy Industries, he was in charge of many departments as an officer, and then as Vice President, he was in charge of all management departments, as well as the planning and implementation of long-term management improvement plans.
He graduated from Keio University Faculty of Economics. He holds a master’s degree in Business Administration from Massachusetts Institute of Technology in the US.

He joined Sumitomo Trust Bank (currently Sumitomo Mitsui Trust Bank) in 1987 and was responsible for loans for business corporations and M&A advisory and also involved in the establishment of the Corporate Information Department.
He also managed a wide range of projects such as revitalization, carve-out, and business succession.
In addition to his experience in the real estate asset finance field, he has engaged in LP investments, LBO loans, M&A etc in recent years to have a broad network with domestic and overseas funds.
He Joined us in 2019.
Graduated from Osaka University with a bachelor’s degree in Economics

After working at a patent firm, Akira Kambe joined Asuka Asset Management and American Express.
Before joining Mercuria, he was engaged in regulatory compliance under the Installment Sales Act and the Moneylending Business Act, handling of anti-social forces, and AML/KYC controls in AMEX. Prior to this position, he gained experience in regulatory compliance under the Financial Exchange and Instrument Act and responding to SESC inspection for overseas hedge funds in Asuka.
After joining Mercuria in 2015, he was engaged in internal audit and now oversees the compliance function of Mercuria.
JD in Law, Sophia University
BFA in Design, University of Michigan, Ann Arbor

Started his career at The Long-Term Credit Bank of Japan in 1993. After working for MUFG, HSBC etc., he joined Mercuria in 2018.
He has been engaged in PE investment, M&A finance/advisory and turnaround business in both Japan and U.S. since 2000 and led large number of tough deals.
Graduated from Keio University with a bachelor’s degree in law.
CIIA(Certified International Investment Analyst), CIA(Certified Internal Auditor)

Atsuki Kaneko joined Nishimura & Partners (currently known as Nishimura & Asahi) in 1999 where his specialty included fund formation, project finance, capital markets, real estate securitization, finance leasing and, while seconded to a financial institution, he was engaged in investments targeting domestic and overseas SMEs.
After joining Mercuria in 2018, he has dealt with global investment activities generally and provided various legal supports.
The University of Southern California with Master of Laws (LL.M.)
Waseda University with Bachelor in law
Lawyer (Japan and New York State)

Kazuaki Hatsugai joined DBJ in 2002 and involved in financing, PE investment, and M&A advisory services. At DBJ Asset Management, he led overseas PE fund investments and helped Japanese investors build overseas PE portfolios.
He then joined GCM Grosvenor as a Product Specialist in charge of PE and Infrastructure, where he was involved in supporting the management of separate accounts for large investors and the sales of their funds.
Joined Mercuria from 2023.
Graduated from University of Tokyo with Bachelor's degree in Economics,
Holds MBA in Dartmouth College

Mr. LEUNG Kwok Hoe was appointed as Chief Executive Officer (the “CEO”) of the REIT Manager in June 2020 and is presently an Executive Director, the chairman of the Disclosures Committee and a member of the Advisory Committee of the Board, and one of the Responsible Officers of the REIT Manager. As the CEO, Mr. Leung will be responsible for assisting the Board to formulate the strategies for achieving the stated investment objectives of Spring REIT and implementing the strategies as determined by the Board, and for supervising the overall performance and day-to-day operations of Spring REIT.
Prior to joining the REIT Manager in January 2017, Mr. Leung was the General Manager, Investment and Investor Relations and a responsible officer of Henderson Sunlight Asset Management Limited, the manager of Sunlight Real Estate Investment Trust (stock code: 0435), for more than 10 years from 2006 to January 2017. Prior to that, he was an Investment Manager and a responsible officer at The Link Management Limited (now known as Link Asset Management Limited), the manager of The Link Real Estate Investment Trust (stock code: 0823, now known as Link Real Estate Investment Trust).
Mr. Leung holds a Master of Applied Science in Biopharmaceutical from The University of New South Wale, and a Bachelor of Economics degree and a Bachelor of Law degree, both from The University of Sydney in Australia. He is a CFA Charterholder.

Mr. Michael Chung was appointed as an Executive Director of the REIT Manager on 24 March, 2021 and is one of the Responsible Officers and a member of the advisory committee of the REIT Manager. Mr. Chung is principally responsible for identifying and evaluating potential acquisitions or investments and for investor relations activities of Spring REIT.
Mr. Chung has over 17 years of experience in asset management and investment research. Prior to joining the Manager, Mr. Chung was a senior fund manager and responsible officer of a fund management company, where he was involved in launching an absolute-return Asia ex-Japan equity fund. Previously, Mr. Chung was a fund manager of another fund house and was actively involved in the day-to-day portfolio management of its absolute-return Asia ex-Japan equity fund. Mr. Chung started his career at PricewaterhouseCoopers, performing statutory audit works for companies in Hong Kong and mainland China.
Mr. Chung holds a Bachelor’s degree in Business Administration (Finance) from Hong Kong University of Science and Technology and is a CFA charterholder.

Francis Bai joined MIBJ in 2014 and has served as the company's General Manager since August 2023.
With his knowledge of real estate management in Beijing, China, he is responsible for the management and operation of China Central Place, Beijing and Huamao Place, Huizhou.
Francis Bai holds master's degree in  Environmental Policy Engineering, Hokkaido University and master's degree in Finance, University of Intenational Business and Economics, Chaina.

Minoru Momota joined ORIX in 1995 where he was engaged in proposal–based selling for SMEs, structured finance, NPL investment and reconstruction funds. Since 2005, he served for offshore investment (real-estate and PE/VC) for the greater China area at ORIX Asia Limited (Hong Kong). In 2011 he joined in Parco Co,. Ltd.(Hong Kong resident office) which is one of an alliance partners of DBJ and engaged in business development of eastern Asia. He has twelve years of overseas work experience.
He joined in Mercuria in 2017.
The University of Massachusetts Lowell with a master’s degree in Business Administration Bachelor in law, Keio University
USCPA

He joined DBJ in 1998andengaged in launching aircraft finance teamand led the bank to becomeJapan's leading aircraft lenderafter rebuilding Japan Airlines.He hasexecuted loans to US and Asian airlines and aircraft leasing companiesand arranged numerous aircraft-related syndicated loans for domestic financial institutions.He joined DVB as head of Tokyo Branch in 2015 and engaged in aircraft investment and advisoryin addition to aircraft financing.He joined Airborne Capital as representative in Japansince November 2019.Mr. Hirotaniholds a BA in economics from the University of Tokyo and an MBA from the University of Texas at Austin.

He joinedAir Deccanas CEO, India's first LCC (low-cost carrier), and successfully completed the company's growth strategy and M&A with its competitor Kingfisher.He has experiencedin structuring numerous aircraft investment funds and debt fundsas a Global Aviation Head of Investec and Natixis.He established Airborne Capital in 2017and engaged inoperating equipment investment funds, forming ABS, etc.Mr. Sundaram holds a BSc in Technology from the Indian Institute of Technology, and an MBA from the Xavier School of Management (XLRI, previously known as the Xavier LabourRelations Institute) in Jamshedpur, India.

After working at Japan NCR, Deloitte Touche Tohmatsu, Members, Softbank, CrowdWorks, he joined Mercuria Investment in 2017. He was appointed as representative of Business Market since August 2017. When CrowdWorksestablished an investment subsidiary, he keenly felt the need to revitalize the investment and M&A market in Japan through sourcing activities for investment and M&A projects.With this as an opportunity to revitalize the market, launchedthe business succession support platform "Bizma" that supports the resolution of business issues of Japanese small and medium-sized enterprises.Graduated fromTokyo University of Science with a bachelor’s degree in engineering.