Rick Bachalo is the president of Canada ICI. (Courtesy Canada ICI)

Edmonton-based commercial real estate financial firm Canada ICI has appointed Rick Bachalo president.

Bachalo joined Canada ICI effective Feb. 1 with a mandate to drive growth and build upon the company’s multi-billion-dollar mortgage asset management framework.

“Appointing Rick as our leader into the next phase of Canada ICI comes at an important time. His proven track record as a leader in growing cohesive teams coupled with his institutional acumen is a perfect complement to our high-driving culture,” said Dale Klein, founder of Canada ICI, in the announcement.

Bachalo has more than 35 years of institutional equity and debt experience across North America. Most recently, he was vice-president, mortgage investments with Canada Life.

“The next phase of the journey starts now,” Bachalo said in the announcement. “The organization already has a robust infrastructure that is designed to grow and manage mortgage portfolios on scale. The next decade is about refining Canada ICI’s potential.”

Boyce stepping down at Greenwin

Greenwin Corp. announced Kris Boyce will be stepping down as chief executive officer. In her wake, Kevin Green will serve in the dual roles as president and CEO, while chief operating officer Patrick Eratostene will lead the property management division.

Cary Green remains as chairman of the board.

Boyce provided her leadership to Greenwin’s employees and executive team since 2012, guiding the company through a period of immense growth and diversification. She also led the expansion of Greenwin’s philanthropic arm, Greenwin Cares.

“On behalf of the board of directors and executive team, I would like to thank Kris for her dedication and many contributions to Greenwin over the years,” said Kevin Green in the announcement. “We sincerely wish her the best in all of her future endeavours.”

Eratostene is a seasoned industry professional and a leader within Greenwin since 1988, who is positioned to ensure a smooth transition.

Baker resigns from Great Canadian Gaming

Great Canadian Gaming Corp. says Rod Baker has stepped down as president and chief executive of the company, and resigned from its board of directors in the wake of an access-to-vaccine scandal.

Great Canadian said in the announcement Terrance Doyle, president of strategic growth and chief compliance officer, has been appointed as interim chief executive.

The company is being acquired by a fund affiliated with Apollo Global Management Inc. Great Canadian shareholders approved the deal late last year and the Supreme Court of British Columbia has also signed off on the offer.

Baker and his wife are accused, under the Civil Emergency Measures Act, of allegedly flying to a northern community and misleading health authorities, to receive vaccines to protect them from COVID-19.

Adam takes new role at Pomerleau

Pomerleau has named Philippe Adam executive vice-president and chief financial officer effective May 3. He will also lead the operations of Pomerleau Capital, the private capital and infrastructure investment arm of Pomerleau.

“(Philippe) is an accomplished strategic financial executive with extensive experience in mergers and acquisitions, in private placements as well as in business growth management,” said Pierre Pomerleau, president and CEO of Pomerleau, in a release.

“His leadership, demonstrated ability to deliver results and proven adaptability make him a valuable ally in the continued implementation of our growth strategy.”

Adam will join Pomerleau from Goodfood, an online grocery company, where he has served as chief financial officer since 2018.

Previously, Adam was  senior vice-president at Champlain Financial Corporation, and from 2013 to 2016, was CFO at Garda Background Screening Solutions.

A graduate from the bachelor of commerce program at Laval University, he also holds a graduate diploma in accounting from HEC Montréal. He is a CPA and chartered business valuator (CBV), for which he was the Canadian gold medallist in 2009.

NYX hires Foroglou as CFO

Eileen Foroglou, chief financial officer at NYX Capital Corp. (Courtesy NYX)

NYX Capital Corp. has named Eileen Foroglou as its chief financial officer to oversee corporate finance, treasury, accounting, financial reporting, financing, risk management and control systems.

Foroglou joins Toronto-based NYX from an 11-year career with Strathallen Capital Corp., where most recently she was a senior member of the firm’s asset management team responsible for developing and executing asset strategies of industrial and retail properties. She was also Strathallen’s director of investments and finance, responsible for investor relations, acquisitions, dispositions and financing.

During her tenure, she led the finance and administration team through several growth stages.

She began her career working in finance and financial reporting positions at Oxford Properties Group, Colliers International and PenEquity Realty Corp.

Foroglou is a CPA, CMA and holds a bachelor of business administration from the University of Toronto.

Zar joins Forbes Business Council

Canadian businessman, investor and developer Raymond Zar, CEO of Toronto-based Roehampton Capital, has accepted an invitation to join the Forbes Business Council.

Zar was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honours.

As a member of the council, Zar will work with the Forbes editorial team to share insights and contribute to published articles and Q&A panels.

“As a lifelong learner, I believe there is no better way for us to learn than by sharing our insights with others,” said Zar In the announcement. “I look forward to my collaboration with Forbes and fellow business council members.”

Under his leadership Roehampton, a real estate private equity firm, has attracted capital from all five of Canada’s largest banks.

Previously, he was COO of Skyline Investments. Zar holds a master of business administration degree from Ivey Business School at Western University.

New board for VREB

David Langlois of Macdonald Realty has become president of the Victoria Real Estate Board, which is entering its centennial year in 2021. He takes the role from Sandi-Jo Ayers, now serving as past-president.

Langlois has spent several years on the VREB board of directors and sat on its business standards committee.

Karen Dinnie-Smyth becomes president-elect, while other board members include treasurer Patrick Novotny and directors Sheila Aujla, Robert Cole, Laurie Lidstone, Jackie Ngai and Graden Sol.