Trez Capital announced chair, CEO and firm founder Morley Greene will transition into the role of executive chair while executive leaders John D. Hutchinson and Dean Kirkham will become co-CEOs.

"Building Trez Capital has been the greatest, most fulfilling and transformational professional experience of my life. It has been an incredible 26-year journey for me, but the story does not stop here – the new chapter for Trez Capital is about to begin,” Greene said in the announcement.

“My confidence to transition leadership at this time is a testament to the strength and vision of the firm, creating space for our leaders to emerge, fostering innovation and paving the way for Trez Capital to spread its wings and soar higher in the next chapter of growth and success.”

Founded in 1997, Trez Capital provides private commercial real estate debt and equity financing solutions in Canada and the U.S. It considers itself one of North America’s largest non-bank commercial real estate lenders.

Trez Capital’s head office is in Vancouver, with other locations in Toronto, Montreal, Seattle, New York, Dallas and Miami.

Trez Corporate Group has over $5.4 billion in assets under management and has funded over 1,700 transactions totalling more than $17 billion since inception. 

Trez Capital’s transition

Hutchinson will continue as the global head of origination, focusing on the firm's debt and equity origination business. Kirkham will also continue as president and will focus on risk and capital raising.

John Maragliano, Trez Capital’s chief financial officer, will become its chief operating officer.

Hutchinson joined the partnership in fall 2021. Kirkham first joined Trez Capital in 2016 as chief credit officer, while Maragliano joined in 2021.

In early 2023, Kirkham and Maragliano became partners.

“We are focused on growing the firm, which will continue to come from our core financing business and the new offerings we have recently brought to the market under our joint leadership,” Hutchinson said in the announcement.

Greene will continue to provide mentorship and contribute to strategic initiatives.

“For several years now, Trez Capital has strategically expanded our team of talented leaders who will uphold and build upon the legacy established by Morley, driving our organization forward with purpose and vision,” Kirkham said in the release. "Most importantly, we will continue to put our investors first in everything we do.”