Chad Remis was named Oxford Properties Group's first CIO as part of a refreshed leadership structure at the global real estate investment firm.
The creation of the CIO role marks an important part of Oxford Properties' evolution, with the time right to take a global view of its investments and portfolio, a news release provided by a spokeswoman said. The C$87 billion ($65.8 billion) real estate investor, developer and manager is owned by Canadian retirement plan Ontario Municipal Employees Retirement System, Toronto, which has C$125 billion in assets. Oxford Properties invests across eight asset classes in 14 countries.
"However, we are one team and one business dedicated to delivering an overall return to OMERS," Daniel Fournier, executive chairman, said in the release. "As such, it's the right time in Oxford's growth story to appoint a CIO to take a global view of our investments and portfolio. This will ensure we find and execute upon the best opportunities across the globe to deliver the best overall return for OMERS and our capital partners."
Mr. Remis was executive vice president of North America, leading the firm's North American business, which constitutes 75% of Oxford Properties' deployed capital.
Due to the new leadership structure, Mr. Remis will not be directly replaced, a spokesman confirmed.
Oxford Properties also made appointments to its expanded global executive committee: Alessandro Fiascaris, head of Asia-Pacific; Claire McIntyre, head of corporate and public affairs; Nu Suwankosai, head of global credit; Randy Hoffman, EVP North American investments; and Tyler Seaman, EVP Canada. They join Messrs. Fournier and Remis, along with Alysha Valenti, chief legal officer; Joanne McNamara, EVP Europe; and Rob Ecclestone, head of human resources.
"Our expanded executive committee has been built to ensure we have robust succession planning in place for key leadership roles. Most importantly, it delivers new opportunities for those leaders appointed to the committee today and new paths of growth for Oxford's next generation of leaders," Mr. Fournier added in the release.