JP Morgan Asset Management has appointed Tetsuya Karasawa as managing director and head of real estate for Japan. The role is a newly-created position for the investment manager as it expands its real estate holdings in the country.
Based in the Tokyo office of JPMorgan Asset Management – Global Real Assets, the group’s alternatives platform, Karasawa will be responsible for leading the firm’s real estate investments in the country. He joins from AXA Real Estate Investment Manager Japan where he was the regional head and representative director. He had joined the real estate investment management firm in 2010.
On the appointment, David Chen, head of real estate for Asia Pacific at JPMorgan Asset Management – Global Real Assets, said in a statement: “Japan presents an enormous investment opportunity for our clients around the world, many of whom are increasing their allocations to core markets in the Asia Pacific region. With more than two decades of local and regional experience and a proven track record, Tetsuya will help explore investment opportunities, while growing our Japan presence.”
An experienced real estate executive, Katasawa has worked with both equity and debt investment strategies. Before AXA, he spent around 18 years working in a number of positions at Mitsui & Co where he was instrumental in domestic and overseas real estate development for the Japanese conglomerate.
JPMorgan Asset Management’s global real assets team comprises 400 people, of which 50 are real estate professionals, working across the six Asia offices in Hong Kong, Mumbai, Shanghai, Singapore, Sydney and Tokyo.