Ivanhoé Cambridge

Tasked with navigating the pension’s C$75bn property portfolio through a turbulent environment and the organization’s own unprecedented restructuring, Rana Ghorayeb is undaunted.

Karen Horstmann, formerly of NBIM, and CBRE IM’s Christina Forrest have joined the Canadian pension as managing directors in New York and London, respectively.

The executive is departing the Swiss manager less than a year after joining as global co-head of real estate.

Canadian pension investor Ivanhoé Cambridge is understood to be among the investors behind the fund’s latest round of commitments.

The Toronto-based pension giant promoted Randy Hoffman to head of US and Tyler Seaman to head of Canada, among several other moves.

A trend of institutional investors elevating credit-focused executives is a natural and predictable mirror of what is happening with managers.

In her departing interview, the outgoing president and chief executive officer of CDPQ’s real estate business talks about leaving the job, her next role and her ‘natural’ successor.

A week on from the appointment of Karim Habra, the manager has hired two more executives to bolster its operational real estate expertise.

The Canadian pension investor’s head of Europe had also assumed oversight of the Asia-Pacific region just last month.