Canadian property investor Ivanhoé Cambridge has appointed Nathalie Palladitcheff as CEO to succeed chairman and CEO Daniel Fournier when he retires in October.
Palladitcheff joined the company in 2015 and was promoted to president in 2018. Her responsibilities in this role included developing and executing Ivanhoé Cambridge’s global strategy and ensuring the alignment of its investment and corporate activities.
Before joining Ivanhoé Cambridge’s management team, Palladitcheff held various management positions in real estate investment, development and services at private and public companies.
In her new role as president and CEO of the Montreal-headquartered company, she will work closely with Sylvain Fortier, CIO and innovation officer, whose remit has been expanded to include responsibility for the firm’s overall investment activities.
Ivanhoé Cambridge said it intends to appoint a new chairman in the coming months, in line with plans announced earlier this year to separate its president and CEO and chairman roles.
Fournier is stepping down after more than 10 years at Caisse de dépôt et placement du Québec (CDPQ), including over nine as CEO of Ivanhoé Cambridge, the real estate investment arm of the institutional fund manager.
He is credited with consolidating CDPQ’s real estate subsidiaries – SITQ and Ivanhoé Cambridge – under a single banner to give the group a stronger edge in the face of global competition.
Under his leadership, Ivanhoé Cambridge’s real estate assets grew from $31 bn to $65 bn at end-2018, with a global portfolio spanning the residential, office and logistics sectors.
Ivanhoé Cambridge had €5.6 bn of assets under management in Europe in 2017, down from €6.5 bn in 2016, according to PropertyEU’s latest Top Investors in Europe ranking by AUM.
