As a new year begins at Ivanhoé Cambridge, I would like to offer my best wishes for health and happiness to each of you and to your loved ones.
Earlier this month, I announced exciting nominations for Ivanhoé Cambridge, all our teams and me personally. Underpinned by our unwavering commitment to creating value for Quebecers, these appointments align with our ambitions for growth, our talent development priorities and our desire to continue to stand among the leaders in our community and our valued partners as the context around us continues to challenge us, in the best way, to change and secure a sustainable future for our assets, our performance and our industry.
In this spirit, I’m delighted to share with you the structural evolution of our organization.
Regional hubs: a new management structure to achieve our ambitious objectives
We have opted for a geographical structure with the creation of five regional hubs: United States and Latin America; Canada; Quebec; Europe; and Asia-Pacific. This structure will allow for greater flexibility, modularity and compounded synergy in the management of our portfolio construction and investment strategies.
These new responsibilities mean that each hub will select the best tools to support each investment, whether direct, indirect or through funds. That is why each regional hub will also be responsible for the funds entrusted to it.
Each hub will assume responsibility for the entire value-creation chain related to a property and will elevate its asset-management approach accordingly.
United States and Latin America hub
Ezio Sicurella has been appointed Head of the United States and Latin America. Reporting to Ezio, Charles-Antoine Lussier takes the reins of Residential, Office and Life Sciences for the United States. Isabelle Martin, Mario Morroni, Adriano Mantesso and Martine Philibert will round out Ezio’s management team.
Creation of the Head of Canada position This position, for which we have begun recruiting, will oversee all our investment operations in Canada. To support the Head of Canada, Julie Bourgon has been appointed Head of Retail, Canada. Annik Desmarteau will also join this hub.
Élise Proulx joins the investment team as Head of Economic Development, Quebec. In this new role, she will lead business development in Quebec, securing our legacy in the province and fulfilling our dual mission of value creation for our depositors and communities.
Europe and Asia-Pacific hub
Leadership in Europe will continue to be provided by Karim Habra, Head of Europe and Co-Head of Asia-Pacific, and he will share his responsibility for the Asia-Pacific region with George Agethen, who has been appointed Co-Head of this hub.
Michèle Hubert is appointed Chief Operating Officer (COO): In addition to coordinating global operations and maximizing synergies between hubs, Michèle will be responsible for ensuring better risk/return integration within our portfolio. She will be responsible for activities related to Risk, CSR, Strategy and Research.
I want to extend my heartfelt thanks for your trust as we continue to create value together. This is a unique time for our industry to define the footprint of our contribution for people and places.