Oxford Properties Group (“Oxford”), a leading global real estate investor, developer, and manager today announced a series of promotions and changes to its leadership structure with Chad Remis promoted into a newly created Chief Investment Officer (‘CIO’) role. The firm has also nominated six new Oxford professionals to its expanded global Executive Committee which includes the promotion of Liz Murphy to Chief Financial Officer (‘CFO’).
Chad Remis previously led Oxford’s North American business in his role as Executive Vice President of North America, which constitutes 75% of its deployed capital, and has enjoyed progressively senior roles during his 10-year career at Oxford. Under Remis’ leadership, Oxford has substantially retooled its North American portfolio by deploying significant capital into its high conviction investment strategies across industrial, multifamily, life sciences and credit. At the same time, Remis oversaw a number of record setting dispositions including the sale of Royal Bank Plaza in Toronto, St John’s Terminal in New York, and One Memorial in Boston, all of which were the largest single-asset office transactions of the year in their respective markets.
The creation of a Chief Investment Officer role marks an important part in the evolution of Oxford Properties which, over the past decade, has grown into one of the most globally significant real estate companies.
“Oxford has been on a remarkable growth journey,” commented Daniel Fournier, Executive Chair of Oxford Properties. “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.
“Chad is the perfect candidate for the role. He is one of the very best real estate investors in the business, is highly respected within our organization and industry, and has led our North American team with distinction for the past six years. In this new role, we will utilize Chad’s strengths and expertise across a global mandate to lead a team that harnesses the collective power of all our investment professionals, irrespective of their location. As our business continues to increase in scale, reach and complexity, this evolved structure will set us up for our next decade of growth.”
Liz Murphy, who has played a dual role of Senior Vice President 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. Murphy has played a critical role to the success of both Oxford and the OMERS enterprise for over a decade and has been mentored for the role by Allison Wolfe, Oxford’s outgoing CFO and Global Head of Portfolio Management, who has chosen to leave the organization in mid-September.
The following Oxford leaders have also been nominated to join Oxford’s Executive Committee alongside current members Daniel Fournier, Alysha Valenti, Chief Legal Officer, Chad Remis, Joanne McNamara, EVP Europe, and Rob Ecclestone, Head of Human Resources.
- 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
- Tyler Seaman, EVP Canada
“What has struck me since I joined Oxford as Executive Chair earlier this year is the sheer depth of talent we have at this organization, and the appointments are worthy recognition of the contributions each individual has made to Oxford,” added Fournier. “As a growing, global business, these new appointments increase not only the geographic representation of our Executive Committee but also better recognize the importance of our corporate functions to Oxford’s success.
“Our expanded Executive Committee has been built to ensure we have 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. We would like to thank Allison for her significant contributions to Oxford over the past 13 years.”