Fred Uruma began his career at KPMG Peat Marwick in Los Angeles in M&A and real estate consulting. He then established MTM Consulting to focus on cross-border real estate consulting services for Japanese and U.S. clients. Uruma joined Secured Capital Corporation in 1997 and founded Secured Capital Japan (currently, PAG Investment Management), serving as its first President and CEO. Uruma founded Touchstone Investment Management in 2002 and became the President and CEO of Touchstone Capital Securities in 2005. Uruma has been involved in real estate transactions totaling over US$10 billion throughout his career. Uruma holds degrees in Finance and Accounting from Loma Linda University (California). Uruma was appointed Chairman of the Securitization and Alternative Business Council of the Japan Securities Dealers Association for two consecutive terms. He is also an Executive Committee member of ULI Japan, a frequent speaker at international conferences and a guest lecturer at universities.