Canada
People & Companies News for Week Ending November 22, 2024
- The Building Ontario Fund board of directors has appointed Michael Fedchyshyn as its inaugural CEO. He has more than 20 years of experience in corporate development, infrastructure investing, structured finance, and public-private contracting. Prior to joining Building Ontario, Fedchyshyn served as interim CEO at Invest Ontario, where he advanced high-impact investments aligned with the province’s economic priorities. Before that, he held senior roles at Infrastructure Ontario, leading initiatives such as the Transit Oriented Communities program. His career also includes extensive experience in private equity, renewable energy development, project finance, and management consulting.
- The Alberta government has appointed former prime minister Stephen Harper to chair the Alberta Investment Management Corporation’s revamped board. The move comes after the province dismissed all 10 members of AIMCo’s board and four executives as part of a leadership overhaul. Harper was elected as Canada’s 22nd prime minister in 2006, and his Conservative government held office it was defeated by Justin Trudeau’s Liberals in 2015. Read the full story on his appointment.
- MCAN Mortgage Corporation has announced that Donald Coulter has relinquished his roles as president, CEO, and director. Derek Sutherland, the board’s current chair and a director since 2017, has been named interim CEO, a position he previously held in 2023. Gaelen Morphet has been appointed lead director to ensure independent board governance during Sutherland’s tenure. The board is actively exploring options to appoint a permanent CEO.
- The Ontario Teachers’ Pension Plan has appointed Kevin Kerr as executive managing director of its newly established portfolio solutions department. This division is responsible for overseeing and enhancing private asset performance, improving the sharing of best practices, and centralizing value creation efforts across the fund. The will unify Teachers’ value creation and portfolio management strategies within its private asset groups to strengthen overall fund performance. Kerr, who has more than 13 years of experience in infrastructure investment at Teachers’, previously led the fund’s infrastructure team in the Americas, managing assets across North and Latin America. He also brings additional senior investment expertise from roles at Bastion Infrastructure Group and OMERS. Chosen for his investment experience and strong performance record, Kerr will work alongside Ontario Teachers’ chief investment officers to further develop cross-asset class strategies that support long-term value creation within the fund’s private asset portfolios.
- Claudia Alvarenga has resigned as CFO at Firm Capital REIT to pursue other opportunities outside of real estate and the public markets. The Toronto-based REIT has appointed Mordechai Roth as interim CFO. Alvarenga became CFO in 2022. Prior to joining Firm, she was a manager within Manulife Financial’s U.S. business segment. Before then, she served as an assurance manager at MNP.
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