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Longtime commercial real estate executive and leader John McKinlay has been named the new president and chief executive officer of Toronto-based Centurion Asset Management Inc.. He is leaving his current post as CEO of LaSalle Investment Management Canada.
McKinlay will move into the new role effective March 31, replacing company founder Greg Romundt, who will become the company's executive chairman. This is the latest in a series of moves which has revamped Centurion's senior management ranks in recent months.
“I am honoured to fill the role of president and CEO at Centurion,” McKinlay said in the announcement. “With a strong team in place, I look forward to leveraging my experience in private equity and global capital raising to drive growth and capitalize on evolving market opportunities.”
McKinlay brings nearly 30 years of industry experience to Centurion. As CEO at LaSalle Canada for the past eight years, McKinlay managed an organization with approximately $4.2 billion in assets across a range of investment vehicles.
Prior to that, he held increasingly senior leadership roles at Bentall Kennedy (now BentallGreenOak) and GE Capital Real Estate, where he developed expertise in investment management, strategic planning and asset optimization.
He holds a BA from Boston University and an MBA and JD from Willamette University.
Other recent Centurion executive hires
The appointment caps a period of significant expansion within Centurion’s leadership team, including the additions of Paul Chin (CIO), Ryan Buzzell (executive vice-president, joint ventures and mortgages), and Stephen Marshall (executive vice-president, property operations). This growth coincided with several key internal promotions as well.
“With John taking on the day-to-day responsibilities of the CEO, I will transition to the role of executive chairman,” Romundt said in the announcement.
“The addition of John and the other strategic hires and promotions Centurion has recently completed will allow me to focus on long-term strategic vision, market positioning, investment strategy and leadership development – ensuring Centurion remains at the forefront of the industry.”
Since its founding in 2003, Centurion has experienced dramatic growth, now managing nearly $8 billion in assets. The firm continues to expand its vertically integrated real estate investment and operations platform, while focusing on strategic acquisitions, capital growth and forming new partnerships, it said in a release.
“The opportunities in Canada’s purpose-built multi-family sector are immense,” Romundt said in the announcement. “With a strengthened leadership team, we are well-positioned to seize these opportunities, drive continued growth, and contribute to addressing Canada’s housing supply challenges.”
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