Mari Kumagai

Director, Head of Research & Consulting, Japan • Japan

Mari Kumagai
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Local Office:

2-11-1 Nagatacho Chiyoda-ku
Sanno Park Tower
Tokyo, Tokyo 100-6113

Mari Kumagai

Director, Head of Research & Consulting, Japan • Japan

Professional Expertise 

Mari joined the firm as Head of Research & Consulting for Japan in October 2021. Previously, she was Vice President, Global Research & Strategy at LaSalle Investment Management. In this role she was responsible for formulating investment strategy and updating local market views through internal research reports and investor presentations customized to an investment mandate, for institutional funds. Mari has over 22 years’ experience in servicing global institutional investors as an equity, credit, and institutional property investment research analyst at leading financial institutions, including PIMCO, Citigroup and UBS. She has been acknowledged for the accuracy of her equity research, covering both the Japanese financial services and real estate sectors. As a credit analyst at Moody’s, she led the credit rating processes for sub-sovereign entities and government related entities in Japan.

Mari received a Master of Business Administration in Finance from UCLA Anderson School of Business and holds a Bachelor of Laws from Keio University. She started her career as a Certified Public Accountant covering U.S. tax schemes for Japanese investors in the late 1990s.


Clients Served  

•  Major institutional investors including sovereign wealth funds and pension funds 
• Major Asia-based real estate developers and REITs    

Professional Qualifications / Affiliations  

•  U.S. CPA, State of Washington (# 20521)
•  Member of Women Leadership Initiatives, Urban Land Institute (ULI)


•  Master of Business Administration, UCLA Anderson School of Business, Nozawa (Panasonic U.S.A.) Scholarship recipient

•  Bachelor of Law, Keio University

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