Folks Area: New CMHC CEO, strikes at RioCan, Altus… | RENX

Romy Bowers has been promoted to the roles of president and CEO of the Canadian Mortgage and Housing Company for a five-year time period efficient April 6. She’s going to change Evan Siddall.

Bowers joined CMHC in 2015 after a various profession within the Canadian banking trade, together with 12 years with the Financial institution of Montreal, the place she gained intensive expertise in treasury operations and danger administration. Initially appointed CMHC’s chief danger officer, she additionally served as chief business officer earlier than taking up her present position of senior vice-president of shopper options.

“I consider that my tenure with CMHC has allowed me to totally perceive our enterprise and our tradition and I’m excited to work intently with my colleagues throughout the corporate to assist us proceed to pursue our housing affordability aspiration,” Bowers mentioned within the announcement.

Her areas of experience embody mortgage mortgage insurance coverage, capital markets, housing finance, client-focused options, housing affordability, assisted housing and nationwide housing technique.

Bowers holds a masters of arts from McGill College and a masters of enterprise administration (finance) from the College of Toronto.

Machin resigns as CPP Investments head

CPP Investments president and CEO Mark Machin resigned within the wake of revelations he travelled along with his spouse to United Arab Emirates the place he acquired a COVID-19 vaccination.

Machin had held the highest roles on the company, which manages investments for the Canada Pension Plan, since 2016. He had joined CPP Investments in 2012 and was its senior managing director and head of worldwide earlier than taking the highest roles.

He beforehand had a 20-year profession at Goldman Sachs, rising to vice-chairman of Asia (ex-Japan), primarily based in Beijing. He beforehand ran that group’s capital markets and financing companies in Asia.

Tang to depart RioCan in Might

Qi Tang, senior vp and chief monetary officer at RioCan REIT. (Courtesy RioCan)

RioCan Actual Property Funding Belief (REI-UN-T) has introduced Qi Tang, senior vice-president and chief monetary officer, has determined to pursue different management alternatives.

Tang will resign efficient Might 12 as she works with the RioCan administration group to make sure a clean transition. RioCan has commenced an government seek for her successor.

Tang took on her present position in June 2017, after being performing CFO for a number of months. She had joined RioCan in September 2016.

Beforehand, Tang served as vice-president, finance and accounting for Dream World REIT; chief monetary officer for Symphony Senior Residing Inc.; and vice-president, strategic planning and forecasting for Chartwell Retirement Residences. She began her profession at KPMG.

Tang holds a grasp of science in accounting diploma from the College of Saskatchewan and is a CPA, CA and CFA.

Altus creates chief product officer position

Altus Group Restricted (AIF-T) has employed sector veteran Jorge Blanco to fill the newly created position of chief product officer. Blanco will tackle duty for the path and execution of the corporate’s product technique, together with constructing out new income streams and defining the long-term product technique in data-driven options.

Blanco brings over 25 years of worldwide expertise in strategic advertising and product administration capabilities throughout plenty of industries, together with analytics and enterprise consulting.

Previous to becoming a member of Altus, he spent the previous six years as a principal at KPMG LLP, the place most not too long ago he was the top of options and enterprise growth for its on-demand providers line. Beforehand, he held international vice-president of product advertising roles at FICO and Avaya.

Cresa head James Underhill steps down

Cresa CEO and board member James “Jim” M. Underhill stepped down from his roles in February. Tod Lickerman, one other board member, has been appointed interim CEO.

Lickerman will proceed as a member of Cresa’s board, which he joined in 2019. He has greater than 35 years of business actual property expertise.

Lickerman beforehand served as international president and Americas CEO at Cushman & Wakefield.

Previous to that, he served as international CEO of DTZ, the place he led the agency in taking the corporate non-public and buying Cassidy Turley and Cushman & Wakefield. In complete, he helped purchase and combine 20 firms into Cushman & Wakefield, serving to develop revenues to over $7 billion.

Edgar turns into Slate’s first CTO

Slate Asset Administration has introduced Matt Edgar as its first chief expertise officer, primarily based in Slate’s London workplace.

Edgar’s new place consists of oversight of Slate’s proprietary cloud-based asset administration and transaction software program, making certain clear connectivity between Slate’s worldwide places of work and additional integrating knowledge science, machine studying and course of automation into Slate’s present expertise stack.

He has greater than a decade’s expertise creating and managing software program functions. Beforehand, Edgar labored in United Applied sciences’ intelligence, surveillance, reconnaissance and area division, the place he constructed safe functions for gathering and distributing intelligence throughout platforms.

Edgar holds a masters in built-in mechanical and electrical engineering from the College of Tub.

CFO Capital hires Iwachiw as SVP enterprise growth

Zenon Iwachiw has joined CFO Capital as its senior vp, enterprise growth. (Courtesy CFO Capital)

Zenon Iwachiw has joined CFO Capital as its senior vice-president, enterprise growth.

Iwachiw brings over 35 years of business banking expertise to the position. Previous to becoming a member of CFO, he was regional vice-president, enterprise banking at Meridian Credit score Union, the place he managed the Larger Toronto Space group, Meridian’s largest business unit. He additionally managed the Central Ontario unit at one time and established a brand new unit in Ottawa.

Previous to that, he held quite a few managerial roles with Scotiabank over 20-plus years all through the GTA. Iwachiw has financed all main asset lessons together with land growth, retail, workplace, industrial and multifamily.

Iwachiw holds a bachelor of arts, majoring in enterprise and economics (College of Toronto) and an government MBA with Schulich College of Enterprise.

Cowper-Smith chairs Timbercreek advisory committee

Timbercreek Capital has fashioned an advisory committee of executives from Canada’s pension plan community and funding professionals to work with its management group. It might be chaired by Blair Cowper-Smith, principal and founding father of Eric Park Enterprise Options, a Canadian advisory and consulting agency.

Beforehand, Cowper-Smith was chief company affairs officer of OMERS and served as a senior associate at McCarthy Tétrault LLP centered on mergers and acquisitions, infrastructure, governance, and personal fairness.

His present or prior board appointments embody Hydro One, Porter Airways, 407 ETR, the Monetary Providers Regulatory Authority of Ontario, Face the Future Basis, Golf City and the World Strategic Funding Alliance.

Ledcor appoints new building division head

The Ledcor Group of Corporations has appointed  Russell Zirnhelt government vice-president of building and chief of its Canadian constructing building division, which has over $1 billion in annual income and appreciable backlog of orders for the subsequent few years.

He replaces Peter Hrdlitschka, long-time president of the development division, who will start his retirement whereas performing as Ledcor Development’s senior advisor.

Zirnhelt joined Ledcor in 2010 and most not too long ago served as chief enterprise officer for Ledcor Constructing Development. Beforehand, he was Ledcor’s chief working officer, infrastructure growth.

He holds a bachelor of science, electrical engineering from the College of Victoria and a grasp of enterprise administration from San Diego State College.

Trez Capital names two senior executives

Trez Capital has employed John Maragliano as its new chief monetary officer and Christian Skogen to fill a brand new position as chief danger officer.

Maragliano might be liable for the oversight of all accounting and finance operations, financial institution financing relationships, strategic planning for the expansion of the enterprise, in addition to evaluation, reporting, monetary controls, tax and treasury.

He brings practically 20 years of expertise within the monetary providers trade, with a deal with banking, insurance coverage and wealth administration.

Skogen might be accountable for the administration and oversight of all credit score and funding danger exposures undertaken by Trez. He has 20 years of numerous business lending expertise, with in-depth information in credit score structuring, danger and portfolio administration.