Oxford Properties has promoted Chad Remis to a newly created chief investment officer role and named Liz Murphy chief financial officer to replace Allison Wolfe as part of a series of promotions and changes to its leadership structure.
Remis, who’s been with the global real estate arm of Canadian pension fund OMERS for 10 years, previously led the firm’s North American business as executive vice-president where he helped deploy significant capital into investment strategies across industrial, multifamily, life sciences and credit.
He also oversaw a number of large dispositions, including the sale of Royal Bank Plaza in Toronto, St John’s Terminal in New York, and One Memorial in Boston.
Murphy, who has played a dual role of SVP of finance at Oxford and global head of tax at OMERS for almost five years, has been promoted to become Oxford’s CFO and join its executive committee. Wolfe, Oxford’s outgoing CFO and global head of portfolio management, will be leaving the organisation in September.
Daniel Fournier, executive chair of Oxford Properties, said: “Oxford has been on a remarkable growth journey. Today Oxford is invested in eight asset classes across 14 countries and operates across four continents.
“However, we are one team and one business dedicated to delivering an overall return to OMERS. 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.”
Oxford has also expanded its executive committee by nominating Alessandro Fiascaris, head of Asia Pacific; Claire McIntyre, head of corporate & public affairs; Nu Suwankosai, head of global credit; Randy Hoffman, EVP North American investments and Tyler Seaman, EVP Canada.
“As a growing, global business, these new appointments increase not only the geographic representation of our executive committee but also better recognise the importance of our corporate functions to Oxford’s success,” added Fournier.
Fournier, who recently joined Oxford from fellow Canadian real estate investor Ivanhoé Cambridge said the expanded executive committee has been built to ensure Oxford has a ”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,” he added.
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