Global investment group CDPQ has appointed Rana Ghorayeb as executive vice-president and head of real estate.
In her new role, she will be responsible for leading the overall Ivanhoé Cambridge portfolio and investment team, which has assets of over C$77 bn (€52 bn).
Ghorayeb has served as president and CEO of Otéra Capital, a CDPQ subsidiary specialised in real estate lending, for nearly five years.
Before joining CDPQ in 2012, Ghorayeb already had an impressive track record in real estate in renowned institutions. She served as vice-president of acquisitions at JP Morgan Asset Management in London, where she was in charge of real estate investments in several European countries. Previously, she worked in New York, where she led real estate transactions as senior partner at TIAA.
Charles Emond, president and CEO of CDPQ said: 'With over 25 years of experience in investing, including 20 years in real estate, both locally and internationally, Rana has a real passion for projects and assets that have a positive impact on people’s lives.
'Her appointment to head the Ivanhoé Cambridge portfolio will enable her to combine her extensive investment knowledge with her top-tier managerial skills.'
Added Ghorayeb: 'I began working at CDPQ 12 years ago, and my attachment and my commitment to our organisation have only grown stronger since then. I’m very pleased to be taking on this new role, which goes straight to the heart of what motivates me the most: projects that are anchored in people’s day-to-day lives and built on creating and maintaining sustainable partnerships.'
Ivanhoé Cambridge’s activities are currently being integrated, and as of April 29, 2024, this team will become an investment group within CDPQ.
Ghorayeb will start in her new position on the same date, and will report to the president and CEO of CDPQ. The appointment of Ghorayeb follows the announcement that Nathalie Palladitcheff, who will remain in her position until the end of the gradual transition period, is leaving at the end of April.
'Over the last five years, Nathalie has achieved a great deal, with conviction and courage, to transform Ivanhoé Cambridge despite an extremely challenging real estate environment. I would like to sincerely thank her as she continues to work towards the harmonious integration of the real estate activities and teams into CDPQ, with all the empathy and diplomacy she is known for,' added Emond.
