Spring Asset Management Limited:Executive Director and Chief Executive Officer
MIBJ Consulting (Beijing) :Executive Director and Chief Executive Officer
He is one of the Responsible Officers and a member of the advisory committee of the REIT Manager. He is principally responsible for identifying and evaluating potential acquisitions or investments and for investor relations activities of Spring REIT.
Prior to joining Spring Asset Management Limited, He 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, He 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. He started his career at PricewaterhouseCoopers, performing statutory audit works for companies in Hong Kong and mainland China.
He holds a Bachelor’s degree in Business Administration (Finance) from Hong Kong University of Science and Technology and is a CFA charterholder.

General Manager
As General Manager of MIBJ Consulting (Beijing), she oversees the asset management operations for Beijing CCP and Huizhou Huamao Place. With extensive experience in the real estate management sector, she has consistently contributed to maintaining and enhancing the value of Spring REIT’s real estate portfolio.
Prior to joining in September 2024, she served as Senior Vice President at Keppel Capital, where she was involved in portfolio management operations for China. Before that, she was responsible for asset management operations at Ping An Real Estate and Bank of China Investment.
She holds a Bachelor’s degree in International Economics and Trade from Beijing Jiaotong Universit and completed the Certified Commercial Investment Member (CCIM) program at Leiden Business Academy.

CEO
After working at Japan NCR, Deloitte Touche Tohmatsu, Members, Softbank, and CrowdWorks, he joined Mercuria Investment in 2017. He was appointed as representative of Business Market since August 2017. When CrowdWorks established 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, launched the business succession support platform "Bizma" that supports the resolution of business issues of Japanese small and medium-sized enterprises.
Graduated from Tokyo University of Science with a bachelor’s degree in engineering.

Mercuria Holdings:CEO
Mercuria Investment:CEO
Spring Asset:Chairman and Non-Executive Director
MIBJ Consulting (Beijing) :Executive Director
He joined DBJ in 1985 where he has led a number of innovative projects, 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 as founding member 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 and played a leading role in the growth of Mercuria.
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.

Mercuria Holdings:Executive Director / Head of Asset Investment
Mercuria Investment:Executive Director / Head of Asset Investment Dept
Enex Asset Management:Executive Director
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 2010.
He contributes to the expansion of Mercuria's business, including the acquisition of new AUM.
Graduated from the University of Tokyo with a bachelor’s degree in liberal arts.

Mercuria Holdings:Executive Director / Head of Business Investment
Mercuria Investment:Executive Director / Head of Business Investment Dept
Business Market:Executive Director
He joined DBJ in 1990 and involved in the establishment of the Growth Cross-Border Investment Group at DBJ and played a leading role in its expansion.
In the domestic market, he has led numerous transactions, primarily focused on buyout deals, and has built an extensive track record.
In 2001, he executed Japan's first DIP financing and subsequently contributed to the launch of the business turnaround division of DBJ.
He has a strong network in Southeast Asia through his cross-border investments.
He joined MIC in 2005 and is a director at MIC since 2008.
Graduated from Tohoku University with a bachelor’s degree in law, and from Columbia University Professional Fellow Program.

Mercuria Holdings:Executive Officer / China Business Leader
Mercuria Investment:Executive Officer / China Business Leader
Spring Asset Management Limited:Non-Executive Director
MIBJ Consulting (Beijing) :Executive Director
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 plays a leading role in cross-border investments and M&A transactions between Japan and China.
Graduated from Shanghai Jiao Tong University, College of Economics and Management, and from Hitotsubashi University with a master’s degree in business administration.

Mercuria Holdings:Executive Officer / Head of Finance & Control Department
Mercuria Investment:Executive Officer / Head of Finance & Control Department / CPA
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

Mercuria Holdings:Executive Officer / Head of Domestic Real Estate Business
Mercuria Investment:Executive Officer / Head of Domestic Real Estate Business
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

Head of Fund Governance Department
Managing Director
He engaged in Sumitomo Trust Bank (currently Sumitomo Mitsui Trust Bank) in 1987 and Joined Mercuria in 2019.
He has engaged Fund Administration since 2024 after engaging in LP investments and Marketing & Investor Relations.
At Sumitomo Trust Bank, he was involved in a wide range of tasks including accounting (revenue management), loans for business corporations, M&A advisory, real estate asset finance and fund investments.
Graduated from Osaka University with a bachelor’s degree in Economics

Head of Business Planning Department
Managing Director
He joined DBJ in 1994. At DBJ, he was involved in loans for business corporations focusing on Hotel Industry and railway industry, M&A, turnaround investment, REIT formation and launch process, and Investment and Lending.
He has broad experience across various research department and corporate functions with extensive expertise in public relations and investor relations. At DBJ's investee, He led the launch of new business initiatives, including new fund investments and the establishment of an asset management company for the formation of a private placement REIT.
He joined Mercuria in 2024.
Graduated from Kyushu University with a bachelor’s degree in Economics

Professor, Hitotsubashi ICS
Mercuria Holdings Adviser
He 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.
His pastime is music (listening, playing and dancing). He was born in Meguro, Tokyo in 1964.

Mercuria Holdings Adviser
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.

Head of Marketing & Investor Relations Dept
Managing Director
He 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

Chief Compliance Officer
After working at a patent firm, He 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

Chief Legal Officer
He 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)

Business Investment Dept
Chief Investment Strategy Officer of Structured Equity Investment Strategy
He joined Andersen Consulting (currently known as Accenture Japan) in 1997 and involved in IT-related projects and large-scale system development.
After that, he gained experience at major telecommunications and operating companies, where he was involved in principal investments, business development, and supporting initial public offerings.
He joined the Japanese subsidiary of a U.S.-based software venture, where he held a senior management position and was responsible for business development and sales in 2002.
He Joined Nikko antfactory (currently known as Ant Capital Partners) in 2006. At Buyout team, he was involved in numerous corporate investments, provided management support including serving as CEO or board director, and led exit negotiations. He was promoted to Partner in 2014 and to Managing Partner in 2023.
After joining Mercuria in 2023, he serves as Chief Investment Strategy Officer of Structured Equity Investment Strategy.
Graduated from Keio University with a bachelor’s degree in law.

Mercuria Investment:Asset Investment Dept Managing Director, Aircraft Investment Strategy Leader
Spring Asset Management Limited:Non-Executive Director
He joined DBJ in 2002 and involved in investment and lending activities, as well as credit assessment operations, for domestic and international corporations.
After that he joined Marubeni Corporation in 2015 and was responsible for the acquisition, management, and divestment of finance and leasing companies specializing in automobiles, trailers, railcars, aircraft, and other transportation assets, and He spent a total of five years on overseas assignments as a senior executive at investee companies.
Joined Mercuria from 2025.
Graduated from University of Kyoto with Bachelor's degree in law,
Holds MBA from the University of Oxford School of Management

Business Investment Dept Director
Head of Venture Investment Strategy
He joined Nomura Securities in 2005 and involved in institutional investor sales and trading within the Global Markets Fixed Income division. He experienced the turmoil of the Lehman Shock and the Great East Japan Earthquake firsthand on the front lines of the market.
He joined Japan Post Capital and glp capital partners japan since 2018 and executed numerous investments and promoted business alliances.
After joining Mercuria in 2023, he manages venture investment operations.
Graduated from the Graduate School of Science and Technology, Waseda University.

Asset Investment Dept Director
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)

Mercuria (Thailand):CEO
Mercuria Investment:Asset Investment Dept Managing Director
He 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.
Graduated from Keio University with a bachelor’s degree in law and from the University of Massachusetts Lowell with a master’s degree in Business Administration Bachelor.
USCPA
