Cominar has appointed Mario D. Morroni to be its next president and chief executive officer, effective May 9.
“Real estate is going through one of its most intense periods of transformation, providing new opportunities to those who can best leverage the new trends,” Morroni said in the announcement. “Cominar is a different company today; our new owners have aligned the necessary capital to execute on our vision and ambition. We have some of the most promising properties and attractive sites in Québec.
“With a dynamic investment management approach that focuses on high-potential assets, we can create sustainable value for our portfolio and have a positive impact in the communities where we do business.”
Cominar was recently acquired for $5.7 billion by a joint venture led by Canderel.
Morroni has over 30 years of professional experience, including 20 in the financial, investment and real estate sectors, as well as in the management and administration of pension plans.
Prior to joining Cominar, he held various strategic roles at Ivanhoé Cambridge from 2014 to 2022. He was also a member of its board of directors between 2010 and 2014.
Appointed executive vice-president, strategy and capital allocation in 2014, he developed Ivanhoé’s investment strategy and coordinated global capital allocation in addition to leading the portfolio management and research teams. In 2018, he created and developed the industrial business unit for North America, growing its assets from $1 billion to over $9 billion.
Previously, Morroni served as president and CEO of the Association de bienfaisance et de retraite des policiers et policières de la Ville de Montréal, overseeing its multi-asset investment strategy and administration of its pension plan. From 2001 to 2010, he was vice-president, operations.
He was also a member of the board of directors of Pure, IDI, GID, and Otéra Capital, as well as a member of the advisory and investment committees of Kingsett Funds.
Morroni holds a bachelor’s in commerce with a specialization in finance from Concordia University.
Singh to replace retiring Winslow at CPP Investments
CPP Investments has promoted Priti Singh to senior managing director and global head of capital markets and factor investing. She will lead the external portfolio management, active macro and quantitative strategies and risk premia groups.
Singh takes over from Poul Winslow, who is retiring after 13 years with the organization.
Singh joined CPP Investments in 2008 and was most recently managing director, head of external portfolio management and interim head of strategy and operations.
Prior to joining CPP Investments, Singh worked for over eight years in the financial services and telecommunication industries. Singh holds both a master of business administration from the Rotman School of Management and a master of physics from the University of Waterloo.
“Poul leaves with our immense gratitude for his dedication, insights and strategic direction, all of which have greatly benefited the fund and our public markets teams over what has been a period of tremendous growth and expansion for the fund,” said John Graham, president and CEO of CPP Investments, in the announcement. “In the more than a decade that we’ve worked together, Poul has shown himself to be a great mentor, innovator and favoured partner – his influence will be missed, and we wish him all the best in his retirement.”
McFaul chief operating, financial officer at LaSalle
LaSalle Investment Management announced Allison McFaul will be its chief operating and financial officer for the Americas private equity business. She will succeed Joe Romenesko, who is retiring in June.
She will be responsible for the operations and finances of LaSalle’s $34 billion Americas private equity business.
McFaul has been with LaSalle for nearly 25 years, most recently as managing director and co-head of asset management strategy and initiatives. In that role, she led operations across LaSalle’s asset management platform.
During her time with LaSalle, she has worked in the firm’s Baltimore, Chicago and London offices across multiple functions. She will remain based in Baltimore.
Court, Natale, Waitzer Home Capital board nominees
Court is senior partner emeritus at McKinsey and Company where he served as global director of technology, digitization and communications. He currently serves on the boards of Brookfield Business Partners LP, Canadian Tire Corp., the Public Sector Pension Investment Board and Queen’s University.
Natale was the president and CEO of Rogers Communications until 2021. His background includes senior executive positions at Telus Corp., including as CEO. Prior to Telus, Natale held successive senior leadership roles at KPMG Consulting. He has served on the boards of Rogers, Telus, TD Bank Group, Celestica Inc. and The Hospital for Sick Children.
Waitzer was a senior partner at Stikeman Elliot LLP and served as chair and CEO of the firm as well as chair of the Liquor Control Board of Ontario and the Ontario Securities Commission. He is chair of the Canadian Institute of Chartered Accountants’ Independent Review Committee on Standard Setting in Canada; and a director of Cymbria Corporation and Martinrea International Inc.
BOMA Quebec names Plante board chair
Linda Plante has been named chair of the board of directors of BOMA Québec.
Plante has served on the board since 2016, first as a director and then as vice-chair. She also chaired its property management committee from 2012 to 2016.
Plante has been the senior director, property management, at Fonds immobilier de solidarité FTQ since 2019. She joined Fonds in 2017.
During her 20-plus years in commercial real estate, Plante has worked at several major Canadian real estate firms, including 13 years at Ivanhoé Cambridge, first as managing director and then as senior director.
During her career, she has overseen the management of major real estate holdings in Greater Montréal and Québec City comprising a total of 10 million square feet of commercial space, including Complexe Place Ville Marie and the World Trade Centre Montréal.
After obtaining a bachelor of business administration from Université Laval, Plante went on to obtain the CPA, CMA designation. She also completed the Real Estate Institute of Canada’s certified property manager program.
Colonnade brings in Miller as a director
Ottawa-based Colonnade BridgePort has hired Kandas Miller in the new role of director, residential real estate. She will be instrumental in growing the firm’s residential property management business.
Miller, who grew up in Ottawa, was vice-president at a local property management company with a focus on residential assets prior to joining Colonnade BridgePort. While there, she worked in all areas of residential property management, including leasing, portfolio management and business development.
Petrozzi hired by Altus Group
Andrew Petrozzi has joined Altus Group as its director, commercial research for Western Canada and will be based in Vancouver. Prior to joining Altus, he was a principal and practice leader, research (B.C.) for Avison Young, a role he held since November 2010.
Previous to Avison Young, Petrozzi was a journalist and editor for Business in Vancouver newspaper as well as a reporter for the Vancouver Sun, The Province and the Times Colonist in Victoria.
He earned his master of journalism from the University of British Columbia with a minor in political science.
Randall joins Colliers in Vancouver
Bill Randall has joined Colliers Canada as executive vice-president in Vancouver.
Randall is a 30-year industry expert who moves from Cushman & Wakefield, where he was executive vice-president specializing in the industrial sales and leasing division. He brings a depth of experience in investment, industrial and office, including navigating government mandates, land deals, unique properties and modular home communities.
He began his real estate career in 1989 at Royal LePage Commercial, before moving to Surrey to open the firm’s office in the Fraser Valley. A decade later, he returned to Vancouver.
His accolades include NAIOP Industrial Lease of the Year, eight years of C&W National Top-10, 23 years of C&W Presidents Round Table, six years of C&W Division Top Salesperson, three years of C&W National Top Division Salesperson and the C&W Hall of Fame.
Randall has a bachelor of commerce in finance from the University of British Columbia.
Lennard expands to Waterloo, names new partners
Lennard Commercial has recently expanded into the Waterloo region and Guelph area, naming three new partners for its office.
Area veterans Darren Shaw, Charlie Parsons and John Lind will lead the new Waterloo-based office. Shaw specializes in all facets of industrial, office and investment real estate. Lennard also announced Austin Randall joins as part of Shaw’s team.
Parsons and Lind along with Tim Priamo will lead tenant representation for office real estate, as well as investment sales.