Ivanhoé Cambridge shuffles retail execs

The real estate arm of Caisse de dépôt et placement du Québec named a new retail president in addition to other c-suite executives within the platform.

Ivanhoé Cambridge, the real estate subsidiary of pension Caisse de dépôt et placement du Québec, has moved Claude Sirois up to president of the retail platform, the group said Friday.

Sirois now leads Ivanhoé Cambridge Retail after serving as its shopping center vice president. He joined Ivanhoé Cambridge in 1990 as a leasing representative.

“Claude is a seasoned leader with a strong reputation in real estate, especially in the retail industry,” said Bill Tresham, president of Ivanhoé Cambridge. “He now leads our biggest business unit, consisting of 27 Canadian shopping centers, 21 of which we operate ourselves. With his experience and his extensive knowledge of the sector, Claude is the ideal leader to leverage this business unit for our organization’s future growth.”

In other executive moves announced at the same time, Roman Drohomirecki was appointed vice president and chief operating officer of retail. He was previously vice president of shopping centers in North America. Karen Laflamme, who has been with the pension system since 1993, moved from vice president of corporate management and institutional affairs to chief financial officer. Paul Gleeson became the chief development officer and Nathalie Rousseau moved up to vice president of asset management.

Ivanhoé Cambridge had more than C$55 billion ($41.9 billion; €37.4 billion) in assets as of December 31, 2015.