Canada
People & Companies News for Week Ending July 19, 2024
- Priti Singh has been appointed senior managing director and chief risk officer for the Canada Pension Plan Investment Board. Both appointments took effect immediately. Meanwhile, Heather Tobin has succeeded Singh as the pension plan operator’s senior managing director and head of capital markets. The moves came after Kristen Walters resigned as CRO “to be closer to home,” Toronto-based CPPIB said. Singh’s duties will include incorporating risk perspectives in all of CPPIB’s investment and operational processes. Tobin will lead the external portfolio management, systematic strategies, investment engineering and analytics and strategy, and risk and operations groups. She previously headed CPPIB’s investment portfolio management activities. Tobin will join the organization’s executive team.
- Altus Group named Dan Hurley to the newly created role of chief revenue officer. He will spearhead the Toronto-based market intelligence company’s global revenue generation, overseeing global sales and marketing. He brings more than two decades of experience in scaling companies and executing successful go-to-market strategies. He spent 13 years with SAP, most recently as regional vice-president of sales. His experience also includes working in senior roses for the company now known as Hightower, and Anaplan.
- Darren Donnelly, longtime head of Vancouver-based law firm Clark Wilson’s commercial real estate group, has retired. Donnelly spent most of his four-decade career with Clark Wilson, which has built a large CRE practice even though it does not have offices outside of B.C. The firm’s clients have included major investors and developers, such as Beedie Group and Anthem Properties, as well as the University of British Columbia and Vancouver International Airport. Donnelly gave back to the CRE industry by volunteering with the B.C. chapters of ICSC and the Urban Development Institute. “The journey was incredibly fulfilling, and I am deeply grateful for the experiences, challenges, and opportunities that came my way,” Donnelly wrote in a LinkedIn. “It has been a privilege to work alongside talented, dedicated and interesting colleagues, clients, and partners.”
- Skyline Group of Companies in partnership with Kindle Communities, Guelph Community Health Centre and Stonehenge Therapeutic Community have opened a new 32-unit permanent supportive housing project in Guelph, Ont. The project partners, government and community members celebrated the opening with a ribbon-cutting ceremony attended by government officials, community members and other guests. Guelph-based Skyline donated the land for the project and provided ongoing expertise and other resources to help ensure its completion. Located at 10 Shelldale Crescent., the building provides around-the-clock access to staff member support and other services that meet residents’ needs. It will be managed by Kindle Communities with support from the Guelph Community Health Centre and Stonehenge Therapeutic Community. The new building is one of three projects within the local Home for Good campaign, launched in spring 2022 by the Guelph-Wellington Poverty Elimination Task Force, Guelph Community Foundation, and United Way Guelph-Wellington-Dufferin.
- Vancouver-based Nicola Wealth Real Estate has expanded its investments team through four new hires: Michael Schulhof, Cameron Lyman, Ethan Scott and Ryan Rizzo. All of the newcomers are in the early stages of their commercial real estate careers. Schulhof has interned with PH&N Institutional and QuadReal; in addition, he operated his own property maintenance firm. Lyman has begun his first full-time role in the industry. He interned with Nicola and Colliers. Scott, who has been appointed as a senior analyst, previously served in the same role with Altus Group in Vancouver and worked as a summer intern for Hamilton Partners in Illinois. Rizzo previously held senior analyst positions with JLL, Cushman & Wakefield, and Hungerford Properties.
- Stonebridge Financial has been honoured with the prestigious Indigenous Allyship Award presented by the First Nations Power Authority. Over the past 12 years, Toronto-based company Stonehenge has arranged and provided financing for two dozen infrastructure projects, delivering economic and social benefits to more than 40 Indigenous groups across Canada. The company has facilitated loans totalling $750 million, funding the construction and operation of projects with an aggregate nameplate capacity of 375 megawatts The development has generated in the order of one million megawatts of renewable energy. The projects generate stable, long-term cash flows for reinvestment back into Indigenous communities. Stonebridge received the award during a gala ceremony in Saskatoon.
- QuadReal and Westbank will host outdoor movie nights every Friday from July 19 to August 2 at their massive Oakridge Park mixed-use project site on Vancouver’s west side. The first flick on the schedule at Cinema in the is 500 Days of Summer, followed by My Big Fat Greek Wedding and Crazy Stupid Love. Doors open at 8 p.m. and the movies begin at 8:30 p.m. The ticket price includes popcorn, a beverage, classic movie candy and bean bag seating. All proceeds go the BC Children’s Hospital Foundation. Oakridge Park is the massive redevelopment of the Oakridge shopping centre, which will include a revamped retail centre and a number of multi-residential buildings. The five-year project is slated to be complete in 2025. The movie nights and other summer events offer a glimpse of what’s to come at the site.
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