Canada
People & Companies News for April 19, 2024
- Michael Church is stepping down as managing director of Avison Young’s Ottawa office. But Church will remain with the full-service real estate services company as a broker. Church revealed his plans in an interview with the Ottawa Business Journal. Church wants to spend more time on golf, travel and other interests as well as negotiating deals, something he has done for the past 37 years. Church launched Avison Young’s first Ottawa office, and was the company’s first employee in the nation’s capital, 17 years ago. He will relinquish his managing director post May 1.
- Chandos Construction has promoted Sean Penn to president. A 20-year employee of the company, Penn started as a carpenter before rising to his most recent position of COO. Established in 1980, Calgary-based Chandos ranks among Canada’s largest technical builders. The company has 700 employees and offices in Edmonton; Kelowna, B.C., Ottawa; Red Deer, Alta., Toronto, Vancouver and Chalk River, Ont. Chandos is 100% employee-owned.
- CIBC has received the Best Investment Bank in Canada Award from Global Finance. Toronto-based CIBC also won the award in 2023. The 2024 honour was among six, Canadian, North American and global awards that the international group bestowed on CIBC this year. In addition, CIBC received separate awards as the best bank globally for green and sustainable bonds. CIBC also took home awards for being North America’s best bank for sustainable infrastructure, sustainable project finance and transition/sustainably-linked loans.
- Timbercreek Capital has named Fraser McEwen as president of its alternatives business. The capital markets specialist will lead Toronto-based Timbercreek’s wealth management, high-net-worth and family office channels. McEwen has 27 years of finance-related experience. He most recently served as the co-founding partner at Slate Securities, a subsidiary of Slate Asset Management. He is credited with influencing the creation of Slate’s investment fund management platform, which invests in real estate across public and private markets
- The Alberta Invesment Management Corporation Foundation for Financial Education has introduced four new equity-oriented scholarships. The scholarships are part of broader agreements with the University of Calgary and University of Alberta totalling $260,000. The financial awards are designed to strength the foundation’s commitment to foster gender diversity in finance and Indigenous in busienss. Established in 2018, the foundation promotes financial literacy and education in Alberta. AIMCo is one of Canada’s largest commercial real estate investors and diversified institutional investment managers with $158 billion of assets under management. The company invests globally on behalf of Alberta-based pension, endowment, insurance, and government funds.
- Altus Group has been selected as the Data Solution of the Year for Real Estate. The honour is part of the 2024 Data Breakthrough awards, which recognize leading data technology innovators around the world. The 2024 Data Breakthrough awards program attracted more than 2,250 nominations altogether from diverse industries worldwide. Toronto-based Altus specializes in commercial real estate intelligence. Its clients include leading global CRE companies.
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