Organization | Asset Manager | Industrial & Infrastructure Fund Investment Corporation

Organization Chart
About Our Asset Management Team

Management of Our Asset Manager
Key Full-time Employees

Organization Chart

The following highlights the organization of the Asset Management Company of the Fund:

The following elaborates on the respective focuses of each of our Asset Manager's functional areas:

Department	Summary of Business
Retail Division	Business concerning acquisition and disposal of specified assets and management and administration of specified assets under the asset management with JRF
Industrial Division	Business concerning acquisition and disposal of specified assets and management and administration of specified assets under the asset management agreement with IIF
Strategic Planning Department	Business concerning stocks, shareholders, the General Meeting of Shareholders, the Board of Directors' meeting, formulating, implementing, monitoring, and reporting strategic long-term goals and plans, contacts for interview by newspaper and magazine, etc., contacts for participating and application in events, etc.
Operations Planning & Accounting Department	Business concerning preparation and submission of required periodical disclosure documents, reporting and press releases of the Investment Corporation required under the disclosure rules of the TSE and the U.S securities & Exchange Commission, accounting closing, financial statement, and taxation of Investment Corporation and the Asset Management Company, liaison with general administration trust company of Investment Corporation, business concerning publications, etc.
Finance Department	Business concerning support in establishment of financial strategies of the Investment Corporation, planning and proposals concerning the method of financing the Investment Corporation, communication with rating agencies, etc.
Human Resources & Corporate Services Department	Business concerning personnel and human resources management, internal general affairs, miscellaneous clerical operations and works of secretary, administration, development management and information security administration of the information system, etc.
Compliance Office	Matters concerning compliance with various regulations including laws, ordinances and internal rules, compliance with corporate ethics and, the code of conduct, and compliance education to officers and employees
Internal Audit Office	Auditing the operation and execution of business of each department, office, committee and other internal bodies, accounting operations, compliance with various regulations including laws and ordinances, formulating the internal audit policy and audit plan, and reporting audit results

About Our Asset Management Team

Our asset management company team, led by Takuya Kuga, is comprised of 86 full-time employees as of September 28, 2011. Most of them are real estate and finance professionals and many have worked both in Japan and abroad. The Asset Manager's professionals have extensive experience in property ownership and management, leasing, acquisitions and dispositions, marketing, finance, tax, financial reporting and data processing, risk assessment and management, as well as other functions associated with comprehensive asset management.

Management of Our Asset Manager

Directors

Our Asset Manager's directors are as follows:

Takuya Kuga (President & CEO)

Apr. 1986	Mitsubishi Corporation Head Office (General Machinery Department)
Apr. 1988	Development & Construction First Division
Jul. 1989	Construction & Building Equipment Division
Apr. 1994	Residential & Regional Development Department
Oct. 1996	Overseas Properties and Project Development Department
Dec. 1997	Temporarily transferred to MC Realty, Inc. (Dallas Texas, USA)
Jun. 1999	Temporarily transferred to MC Realty, Inc. (Los Angeles California, USA)
Mar. 2003	Mitsubishi Corporation Head office Global Real Estate Unit
Apr. 2003	Mitsubishi Corporation Head office Property & Project Development Unit
Oct. 2004	Part-time Director of Diamond Realty Management Inc.
Apr. 2007	Mitsubishi Corporation Head office Commercial Properties Development & Management Unit
May. 2008	President & CEO of Diamond Realty Management Inc.
Jun. 2009	Director of Mitsubishi Corp. - UBS Realty Inc.
Oct. 2009	President & CEO of Mitsubishi Corp. – UBS Realty Inc. (present post)

Takanobu Yoshimoto (Deputy President & Representative Director)

Apr. 1987	The Long-Term Credit Bank of Japan, Ltd. (Treasury Division)
Jul. 1990	System Development Division of the Bank
May. 1996	Received MBA at the School of Business of Columbia University (U.S.)
Jun. 1996	Manager of Structured Finance Division of the Bank
Apr. 1997	LTCB Investment Management Co., Ltd. (presently, UBS Global Asset Management (Japan) Ltd.) Manager of Operation & Administration Division and Investment Planning Division
Jul. 1998	Director of Control & Administration of LTCB UBS Brinson Co., Ltd. (presently, UBS Global Asset Management (Japan) Ltd.)
Oct. 2000	Director of Financial Institutions and Intermediaries of UBS Brinson Asset Management (Japan) Ltd. (presently, UBS Global Asset Management (Japan) Ltd.)
Oct. 2004	Head of Client Management of UBS Global Asset Management (Japan) Ltd.
Aug. 2006	Executive Director and Head of Client Management of the Company
Dec. 2009	Senior Executive Officer of Mitsubishi Corp. - UBS Realty Inc.
Feb. 2010	Deputy President & Representative Director of Mitsubishi Corp. – UBS Realty Inc. (present post)

Koichi Murata (Director / part-time)

Apr. 1979	Mitsubishi Corporation Head Office
Jun. 1981	Mitsubishi Corporation Baghdad Branch, Republic of Iraq
Nov. 1983	Mitsubishi Corporation Head Office
Mar. 1990	Mitsubishi International Corporation New York Office
Sep. 1991	Mitsubishi International Corporation Los Angeles Office
Sep. 1994	Mitsubishi Corporation Realty, Inc. (Los Angeles California, USA)
Nov. 1996	Mitsubishi Corporation Head Office
Nov. 2004	President of Diamond Realty Management, Inc.
Apr. 2007	Head of Real Estate Investment and Development, Mitsubishi Corporation Head Office Part-time Director of Diamond Realty Management, Inc. (present-post)
May. 2007	Part-time Director of Mitsubishi Corporation Urban Development, Inc.
Oct. 2010	Head of Real Estate Investment & Management Industrial Finance, Logistics & Development Group, Mitsubishi Corporation (present-post)
Dec. 2010	Part-time Director of Mitsubishi Corp.-UBS Realty Inc. (present-post)

Kazuyuki Suzuki (Director / part-time)

Apr. 1982	Mitsubishi Corporation, Insurance Dept.
Jul. 1986	MSK Insurance Center, Inc.
Nov. 1988	Mitsubishi Corporation Head Office, Insurance Dept.
Jun. 1992	Mitsubishi International Corporation New York Office
Jan. 1998	Mitsubishi Corporation Head Office, Traffic and Insurance Dept.
Apr. 2000	Mitsubishi Corporation Head Office, Logistics Solutions & SCM Business Unit
Mar. 2003	General Manager of Logistics Solutions & SCM Business Unit, Mitsubishi Corporation Head Office
Mar. 2005	General Manager of Logistics Solutions & SCM Business Unit, & Risk Engineering Unit, Mitsubishi Corporation Head Office Part-time Director of Mitsubishi Corporation Insurance Center Ltd.
Mar. 2006	General Manager of Risk Engineering Unit, Mitsubishi Corporation Head Office
Dec. 2007	General Manager of Strategic Planning, Group CEO Office, Mitsubishi Corporation Head Office Industrial Finance, Logistics & Development Group
Oct. 2010	General Manager of Real Estate Asset Management Team, Real Estate Investment & Management Unit, Mitsubishi Corporation Head Office (present-post) Part-time Director of Diamond Realty Management, Inc.
Dec. 2010	Part-time Director of Mitsubishi Corp.-UBS Realty Inc. (present-post)

Katsuji Okamoto (Director / part-time)

Apr. 1989	Mitsubishi Corporation, Machinery Administration Dept
Dec. 1993	Commercial and Finance & Accounting Buenos Aires Project Office of Mitsubishi Corporation
Dec. 1996	Project Finance Office Finance Dept. of Mitsubishi Corporation
Apr. 2000	Project Development Australia Unit. Natural Gas Div. of Mitsubishi Corporation
Dec. 2001	Financial Services Unit, Finance Services and Investment Banking Div. of Mitsubishi Corporation
Oct. 2004	Head of Acquisition and Investment. Diamond Realty Management Inc.
Apr. 2007	Representative Director Diamond Realty Management Inc.
May 2008	Department Head, Industrial Finance, Logistics and Development, Singapore Branch of Mitsubishi Corporation
Sep. 2011	Real Estate Investment & Management Unit Industrial Finance, Logistics and Development Group of Mitsubishi Corporation
Oct. 2011	Head of Strategic Planning Office Real Estate Investment & Management Unit Industrial Finance, Logistics and Development Group of Mitsubishi Corporation (present-post) Part-time Director of Mitsubishi Corp.-UBS Realty Inc. (present-post)

James W. O’Keefe (Director / part-time)

Jun. 1972	Joined Morgan Stanley & Co. Inc.
Jul. 1987	Managing Director, Real Estate Investment Banking Department of Kidder Peabody & Co.
Feb. 1993	President & CEO, Aetna Realty Investors
Jun. 1996	President & CEO of Allegis Realty Investors (predecessor of UBS Realty Investors)
Dec. 1999	Global Head, Real Estate Division of UBS Global Asset Management, Chairman of UBS Realty Investors LLC
Apr. 2004	Part-time Director of Mitsubishi Corp. – UBS Realty Inc. (present post)
Jan. 2007	Senior Advisor & Managing Director, Global Real Estate Division of UBS Global Asset Management
Apr. 2008	Senior Advisor of UBS Global Asset Management (present post)

Paul W. Marcuse (Director / part-time)

1980	Joined First Dallas limited (London)
1982	Executive Director, Investment Banking & Real Estate Division of Goldman Sachs International Limited (London)
Apr. 1992	Managing Director, Private Equity Division of BZW Limited (London)
Jan. 1997	Managing Director, Investment Banking Department, Group Head, European Property Hotel Group of UBS Limited (London)
Aug. 1998	RODAMCO Group Finance Director, RODAMCO United Kingdom BV, Managing Director, RODAMCO Venture Capital Mangers Limited
Mar. 2000	AXA Investment Managers, Chief Executive of AXA Real Estate Investment Managers, Member of Management Executive Committee of AXA Investment Managers
Jan. 2007	Head of Global Real Estate Division, UBS Global Asset Management, Member of Management Executive Committee (present post)
Apr. 2007	Part-time Director of Mitsubishi Corp. – UBS Realty Inc. (present post)
Mar. 2008	Member of Group Managing Board of UBS Group (present post)

Susumu Okamura (Director / part-time)

Apr. 1985	Joined The Dai-ichi Mutual Life Insurance Company Domestic and International Credit Center
Apr. 1991	Dai-ichi Life International (USA) Inc.Corporate Finance Deparment
Apr. 1995	The Dai-ichi Mutual Life Insurance Company Human Resources Management Department
Apr. 1998	The Dai-ichi Mutual Life Insurance Company Manager of Security Investment Department Forex Investment Team
Apr. 2000	President & CEO of Kogin Dai-ichi Life Asset Management Inc. (present name: DIAM USA)
Apr. 2004	The Dai-ichi Mutual Life Insurance Company Deputy General Manager of Corporate Planning Department
Apr. 2005	Kogin Dai-ichi Life Asset Management Inc. (present name: DIAM Asset Management) Leader of Management Planning Group
Nov. 2005	Joined UBS Global Asset Management (Japan) Ltd. Head of Product Development & Management
Jun. 2006	Board of Director of UBS Global Asset Management (Japan) Ltd.
Feb. 2008	UBS Global Asset Management (Japan) Ltd. Head of Institutional Marketing & Products
Nov. 2008	Representative Director & President of UBS Global Asset Management (Japan) Ltd.
Jun. 2009	Part-time Director of Mitsubishi Corp. - UBS Realty Inc. (present post)
Aug. 2009	President & Head of Management Department of UBS Global Asset Management (Japan) Ltd.
Mar. 2011	Representative Director & President of UBS Global Asset Management (Japan) Ltd.(present post)
Jun. 2011	Executive Director of The Investment Trusts Association, Japan (present post)

Corporate Auditors

Takashi Imai (Auditor / full-time)

Mar. 1973	Joined Audit Dept. of Deloitte Huskins & Sells Tokyo Office
Oct. 1980	Honolulu Office of the Company
Apr. 1981	Manager of Audit Dept.
Nov. 1988	Partner of Mita Kaikei (Deloitte Huskins & Sells Tokyo Office was reorganized to audit firm)
Jun. 1990	Partner of Toshiaki Katsushima Tax Office (Mita Kaikei merged with Tomatsu Aoki Kansa Hojin to form Tohmatsu Audit Company, and Toshiaki Katsushima Tax Office was a spin-off of tax department of Tohmatsu Audit Company)
May. 2002	Joined Tohmatsu Tax Corporation (Toshiaki Katsushima Tax Office was reorganized to Tohmatsu Tax Corporation)
Oct. 2003	Joined Takashi Imai CPA & Tax Office (present post)
Jun. 2004	Auditor of Mitsubishi Corp. – UBS Realty Inc. (present post)

Takahiro Kitamoto (Auditor / part-time)

Apr. 1982	Jointed Mitsubishi Corporation, Credit Dept.
Dec. 1994	Mitsubishi International Corporation Head Office (New York)
Nov. 1999	Mitsubishi Corporation Financial & Management Services (Japan)Ltd.
Apr. 2000	Mitsubishi Corporation Head Office, Risk management Dept, Portfolio Administration Team
Jul. 2004	Mitsubishi Corporation Head Office, Comptroller Office, Investment Administration Team
Oct. 2005	Mitsubishi Corporation Hong Kong Ltd. Director, General Manager, Credit, Administration, and IT Management Dept.
Jan. 2008	Mitsubishi Corporation Shanghai Ltd. Vice President & CFO.
May 2011	Mitsubishi Corporation Head Office, General Manager, Industrial Finance, Logistics & Development Group Administration Dept. (present post)
Jun. 2011	Part-time Auditor of Mitsubishi Corp.-UBS Realty Inc. (present post)

Mitsuaki Kuze (Auditor / part-time)

Apr. 1973	Joined Long-term Credit Bank of Japan
Apr. 1976	Transferred to the Ministry of Finance of Japan (Government Debt Division, Financial Bureau)
Apr. 1978	International Finance Division of Long-term Credit Bank of Japan
Mar. 1981	Temporarily transferred to LTCB International Limited (London)
Oct. 1985	Corporate Strategy Planning Division and Capital Markets Planning Division of Long-term Credit Bank of Japan
Apr. 1992	Temporarily transferred to Greenwich Capital Markets, Inc. (Connecticut, USA) as Executive Vice President of the Company
Jun. 1994	Joint General Manager, Long-term Credit Bank of Japan Americas Division (New York)
Jun. 1997	Temporarily transferred to LTCB Investment Management Co., Ltd., General Manager, Pension Fund Management Division I
Apr. 1998	Executive Officer, LTCB UBS Brinson Co., Ltd. (changed the name to UBS Brinson Asset Management Co., Ltd. in October 1998)
Apr. 1999	Director, member of the Board (in charge of account management) of the Company
Dec. 1999	Executive Director of UBS (Trust & Banking) Limited
Mar. 2000	Director, member of the Board (in charge of compliance and risk management) and Head of Compliance of the Bank
Aug. 2002	Standing Auditor of the Bank
Mar. 2004	Standing Auditor of UBS Global Asset Management (Japan) Ltd, (present post)
Apr. 2004	Part-time Auditor of Mitsubishi Corp. – UBS Realty Inc. (present post)

Key Full-time Employees

The key full-time employees of our asset manager include:

Kenji Iizumi
Kenji Iizumi joined our asset manager as the head of compliance administration in January 2008. Prior to that, he had worked for more than 30 years at The Bank of Tokyo (predecessor of The Bank of Tokyo-Mitsubishi UFJ). He worked in Tokyo, Osaka, Nagoya and Paris, mainly as an account officer for corporate customers. He was seconded to Japan Credit Rating Agency as a senior analyst for assigning credit ratings to samurai bonds for three years from 1994. For the last 10 years, he was engaged in internal audits for overseas branches and subsidiaries as a senior manager of The Bank of Tokyo-Mitsubishi UFJ. Mr. Iizumi received a bachelor of arts in economics from Waseda University and the qualification of certified internal auditor from the Institute of Internal Auditors, Florida, United States.

Kenji Iizumi

Kenji Iizumi joined our asset manager as the head of compliance administration in January 2008. Prior to that, he had worked for more than 30 years at The Bank of Tokyo (predecessor of The Bank of Tokyo-Mitsubishi UFJ). He worked in Tokyo, Osaka, Nagoya and Paris, mainly as an account officer for corporate customers. He was seconded to Japan Credit Rating Agency as a senior analyst for assigning credit ratings to samurai bonds for three years from 1994. For the last 10 years, he was engaged in internal audits for overseas branches and subsidiaries as a senior manager of The Bank of Tokyo-Mitsubishi UFJ. Mr. Iizumi received a bachelor of arts in economics from Waseda University and the qualification of certified internal auditor from the Institute of Internal Auditors, Florida, United States.

Yoshito Nishikawa
Yoshito Nishikawa joined Mitsubishi Corp.-UBS Realty Inc. in 2006 and currently serves as the head of industrial division. Mr.Nishikawa previously was the national director for LaSalle Investment Management K.K. where he was responsible for acquisitions and asset management of a global REIT. Prior to that he held various positions at Tokyo Tatemono Co.,Ltd. Mr.Nishikawa received a bachelor of arts degree in agricultural economics from Tokyo University.

Yoshito Nishikawa

Yoshito Nishikawa joined Mitsubishi Corp.-UBS Realty Inc. in 2006 and currently serves as the head of industrial division. Mr.Nishikawa previously was the national director for LaSalle Investment Management K.K. where he was responsible for acquisitions and asset management of a global REIT. Prior to that he held various positions at Tokyo Tatemono Co.,Ltd. Mr.Nishikawa received a bachelor of arts degree in agricultural economics from Tokyo University.

Fuminori Imanishi
Fuminori Imanishi serves as the Head of Retail Division at the Asset Manager, which he joined in April 2005 as the Head of the Strategic Planning Department. Prior to joining the Asset Manager, he had worked since 2001 at Hankyu Corporation, an Osaka-based railway and transportation company, where he was in charge of originating real estate securitizations, planning of new real estate-related investment businesses and the establishment of a J-REIT asset management company by Hankyu Corporation. Prior to that, he had worked for over 20 years at MYCAL Corporation (presently, AEON Retail Co., Ltd.), one of Japan's large-scale retail operators, where he served as the General Manager of its Financial Planning Office from 1998 and executed various financial transactions, including the securitization of a number of shopping center properties. Mr. Imanishi received a Bachelor of Arts in economics from Shiga University. He is a licensed real estate broker in Japan.

Fuminori Imanishi

Fuminori Imanishi serves as the Head of Retail Division at the Asset Manager, which he joined in April 2005 as the Head of the Strategic Planning Department. Prior to joining the Asset Manager, he had worked since 2001 at Hankyu Corporation, an Osaka-based railway and transportation company, where he was in charge of originating real estate securitizations, planning of new real estate-related investment businesses and the establishment of a J-REIT asset management company by Hankyu Corporation. Prior to that, he had worked for over 20 years at MYCAL Corporation (presently, AEON Retail Co., Ltd.), one of Japan's large-scale retail operators, where he served as the General Manager of its Financial Planning Office from 1998 and executed various financial transactions, including the securitization of a number of shopping center properties. Mr. Imanishi received a Bachelor of Arts in economics from Shiga University. He is a licensed real estate broker in Japan.