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Tricon Capital Group Inc (TCN.TO)

TCN.TO on Toronto Stock Exchange

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9 Dec 2019
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Summary

Name Age Since Current Position

David Berman

71 2015 Executive Chairman and Co-Founder

Gary Berman

45 2015 Director, President, Chief Executive Officer

Wissam Francis

2018 Executive Vice President and Chief Financial Officer

David Veneziano

2018 Executive Vice President, General Counsel & Corporate Secretary

Sandra Pereira

2017 Senior Vice President, Head of Tax Services

Douglas Quesnel

2015 Chief Accounting Officer

Andrew Carmody

2018 Managing Director

Evelyne Dube

2017 Managing Director, Private Funds

Jonathan Ellenzweig

2014 Managing Director

Peter Sacks

74 2017 Lead Independent Director

Geoff Matus

69 2010 Director

Camille Douglas

67 2018 Independent Director

Ira Gluskin

76 2016 Independent Director

J. Michael Knowlton

68 2011 Independent Director

Sian Matthews

58 2015 Independent Director

Wojtek Nowak

2016 Director - Corporate Finance & Investor Relations

Biographies

Name Description

David Berman

Mr. David Berman is Executive Chairman and Co-Founder of Tricon Capital Group Inc. Mr. Berman has been involved in all phases of Tricon’s development since co-founding the Company in 1988. He served as the Company’s Chairman and Chief Executive Officer until March 2015, and since then has assumed the role of Executive Chairman. Mr. Berman is a member of the Company’s Executive Committee and the Chair of its Investment Committee. He has over 40 years of experience in the real estate industry in the United States, Canada and abroad. Mr. Berman began his career in North America in 1978 at what is now Citibank Canada, where he was Vice President for real estate lending. In 1982, he joined First City Development Corporation as Vice President, with responsibility for real estate acquisitions and equity lending. Prior to co-founding Tricon, Mr. Berman acted as Executive Vice President for Lakeview Estates Limited, where he was responsible for land development and single-family homebuilding. Mr. Berman is a director of The New Home Company (NYSE: NWHM) and a member of the real estate advisory board for the University of Toronto. Until recently, he held a similar position at the Fisher Center at the University of California, Berkeley. He is also a member of the board of directors of the Royal Conservatory of Music in Toronto. He holds a Masters of Business Administration degree (graduating with high distinction) and a Bachelor of Science degree from the University of the Witwatersrand in Johannesburg, South Africa.

Gary Berman

Mr. Gary Berman is Director, President, Chief Executive Officer of Tricon Capital Group Inc. He is responsible for Tricon’s overall operations, including strategic planning, investment decisions, capital commitments, relationship management and private fundraising. Mr. Berman was previously President and Chief Operating Officer of Tricon. Since joining Tricon in 2002, Mr. Berman has helped transform Tricon from a private provider of mezzanine capital to the for-sale housing industry to a publicly-listed company with multiple residential business lines. Under his leadership, Tricon has established itself as a diversified “housing brand” with a growing portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities and multi-family development projects. Mr. Berman is a Director of Tricon and a member of the Company’s Investment Committee and Executive Committee. Mr. Berman is a Trustee of the Urban Land Institute and serves on the Board of Governors of the Corporation of Massey Hall and Roy Thomson Hall. He is the co-founder of the Pug Awards, an online awards and education-based charity that, over a decade, helped to increase architectural awareness and elevate planning and design standards in Toronto. Mr. Berman holds a Master of Business Administration degree from Harvard Business School, where he was designated a Baker Scholar, and a Bachelor of Commerce degree from McGill University, where he graduated first overall in the Faculty of Management.

Wissam Francis

Mr. Wissam Francis is Executive Vice President and Chief Financial Officer of the company. Mr. Francis oversees all aspects of Tricon’s financial management including financial reporting and analysis, treasury, capital market strategies, investor relations, information technology, internal audit and tax functions. Mr. Francis has extensive experience in financial reporting, capital markets, mergers and acquisitions, corporate finance, and strategy formulation, with over 15 years of experience in real estate, and has been actively involved in various projects and sectors, including residential, retail, industrial, office, mixed-use and development projects. Prior to joining Tricon in 2014, Mr. Francis was a senior member of Ernst & Young's Transaction Real Estate advisory practice. Prior to that, he was the Director of Finance and Acquisitions at First Capital Realty. Mr. Francis has a CPA, CMA designation and holds a Master of Business Administration degree from Wilfrid Laurier University, a Master of Arts degree in Economics from the University of Waterloo, a Bachelor of Arts degree in Finance, and an Honours Degree in Economics from the University of Western Ontario.

David Veneziano

Mr. David Veneziano is Executive Vice President, General Counsel & Corporate Secretary of Tricon Capital Group Inc. David Veneziano is responsible for managing all legal and governance matters relating to Tricon. Mr. Veneziano advises on legal issues relating to all aspects of the Company’s investments and asset management, corporate structuring and finance, compliance and corporate governance. He is also Tricon’s Corporate Secretary and Chief Compliance Officer. Prior to joining Tricon in 2014, Mr. Veneziano served as Vice President and General Counsel of Leisureworld Senior Care Corporation (now Sienna Senior Living), where he was responsible for all legal and governance matters relating to the company. Prior to joining Leisureworld, Mr. Veneziano practiced law at Goodmans LLP, where he advised a wide array of public and private enterprises in matters relating to tax, mergers and acquisitions, corporate finance, compliance and restructuring. Mr. Veneziano is a graduate of the University of Toronto Law School and holds a Bachelor of Science (Honours) degree in Human Biology and Bioethics from the University of Toronto, where he graduated with High Distinction.

Sandra Pereira

Ms. Sandra Pereira is Senior Vice President, Head of Tax Services of the Company. Sandra Pereira is responsible for the Company’s global tax function, including strategy, planning, reporting, governance, and compliance tax matters. Ms. Pereira has over 20 years of experience in international tax, structured transactions, capital markets, derivative products, acquisitions and divestitures. Prior to joining Tricon in 2014, Ms. Pereira was a Tax Partner at the Toronto office of Deloitte Canada, where she led the post-merger integration practice in Canada. She was responsible for advising global clients on operational tax issues such as improving tax governance, transforming the tax function, and optimizing the tax benefits of business synergies arising from strategic acquisitions. Ms. Pereira was previously a Tax Director at GE Capital Canada and, over her 15 years at GE, led numerous acquisitions and corporate initiatives. She is currently a member of the Trillium Health Partners Volunteer Board. Ms. Pereira has a CPA, CA designation and holds a Bachelor of Commerce degree from the University of Toronto (where she was a gold medallist). She has completed the leadership training program at GE’s John F. Welch Leadership Development Center in New York and was an Adjunct Professor at the University of Toronto Masters of Tax program.

Douglas Quesnel

Mr. Douglas P. Quesnel is Chief Accounting Officer of the Company. Douglas Quesnel is responsible for all aspects of Tricon’s financial management, including external public reporting, private funds and advisory reporting and investment fund administration. Prior to joining Tricon in 2014, Mr. Quesnel served in senior executive roles with Dream Unlimited, including Chief Accounting Officer and Chief Financial Officer of Dream Global REIT, and Chief Financial Officer of Dream Unlimited Corp., where he was responsible for business planning and analysis, investor relations, financial reporting, debt and equity financing and tax planning. Mr. Quesnel has a CPA, CA designation and holds a Graduate Diploma in Public Accountancy from McGill University and a Bachelor of Commerce degree from Concordia University.

Andrew Carmody

Mr. Andrew Carmody is Managing Director of the Company. Andy Carmody serves as co-head of Tricon Housing Partners, the Company’s land and homebuilding vertical. In this role, Mr. Carmody designs and implements strategy, manages senior relationships with key stakeholders, sources investment opportunities and oversees the investment team responsible for business plan execution and asset management. Mr. Carmody has extensive experience in the acquisition, planning, development and asset management of large-scale master-planned and mixed-use communities, and has over 20 years of diverse experience in real estate, business strategy, new business development, product development, marketing, manufacturing, and operations across a wide range of industries. Prior to joining Tricon in 2017, Mr. Carmody was President, Residential at Crescent Communities where he led all aspects of business strategy, acquisitions, entitlements, planning and design, development and construction, asset management, and operations across a portfolio of 18 master-planned communities. Prior to that, Mr. Carmody was Senior Vice President at Kitson & Partners, responsible for investment strategy, land acquisition, and early-stage investment management for an institutionally-backed real estate investment platform. He has also held roles as a Director of Strategic and Operational Marketing at Centex Homes and as an Engagement Manager at McKinsey & Company, a global management consulting firm. Mr. Carmody has significant technical experience in a variety of engineering roles including prior work as an Engineering Specialist at The Boeing Company and Plant Manager at Amerigon, Inc. Mr. Carmody holds a Master of Business Administration degree from Harvard Business School, and a Bachelor of Engineering degree from the University of Michigan. He is currently a member of the Community Development Council of the Urban Land Institute.

Evelyne Dube

Ms. Evelyne Dube is Managing Director, Private Funds of the Company. Prior to joining Tricon in 2017, Ms. Dubé spent 15 years in London, UK, where she held senior business development positions at private equity real estate managers Forum Global Partners, Apollo Management/Citi Property Investors, and Curzon Global Partners/AEW Europe. She also previously held corporate finance advisory roles at KPMG Corporate Finance in London and Montreal. She currently serves as a board member of the Academy of St. Martin in the Fields in London, UK. Ms. Dubé holds a Master of Business Administration degree from HEC Montréal and a Bachelor of Laws degree from Université de Montréal. She has also studied at the London Business School in the UK and is a member of the Bar of Quebec, Canada.

Jonathan Ellenzweig

Mr. Jonathan Ellenzweig is Managing Director of Tricon Capital Group Inc. Jonathan Ellenzweig is the Co-Head of Tricon Housing Partners and is responsible for designing and implementing investment strategy, managing senior relationships with developers and investors, sourcing transactions and overseeing a dedicated team responsible for deal execution and asset management. Mr. Ellenzweig is also responsible for the Company’s investment in Tricon American Homes and provides ongoing strategic support to that vertical. Since joining Tricon in 2005, Mr. Ellenzweig has been an integral part of many of the Company’s defining strategic initiatives, including Tricon’s initial public offering in 2010 and the launch of TAH in 2012. Mr. Ellenzweig is also responsible for managing Tricon’s San Francisco office, which he helped to establish in 2013. Prior to joining Tricon, Mr. Ellenzweig worked in investment banking in New York and Toronto for Citigroup Global Markets, where he was a member of the coverage and transaction execution teams for financial services and media/telecom companies. He currently serves as a member of the Policy Advisory Board for the Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley, is a member of the Residential Neighborhood Development Council of the Urban Land Institute and serves on the Board of Directors of the Lark Theater, a non-profit single-screen community film centre in Marin County, California. Mr. Ellenzweig holds an Honours Bachelor of Commerce degree from Queen’s University, where he was awarded First Class Honours.

Peter Sacks

Mr. Peter D. Sacks is Lead Independent Director of Tricon Capital Group Inc. He retired as the founding partner of Cidel Asset Management Inc., now part of Cidel – a Canadian Private Bank. His experience in wealth management followed an extensive career in banking, where he held executive positions in Treasury Management with CIBC, Chase Manhattan Bank Canada and Midland Bank Canada. Mr. Sacks remains an independent director of several U.S. publicly traded closed-end and open-end funds managed by Standard Life Aberdeen Asset Management Plc. Past directorships include Kinross Mortgage Corporation Ltd., CIBC Trust Company Ltd., CIBC Limited, and Horizons BetaPro ETFs. He also served on the Investment Advisory Committee of the Ontario Public Guardian & Trustee and was Chair of the Independent Review Committee of Children’s Education Funds Inc. His community service has included directorships in Young People’s Theatre, Childhood Now and TSCC 1849.

Geoff Matus

Mr. Geoff Matus is Director of Tricon Capital Group Inc. Geoff Matus co-founded Tricon in 1988 and continues to provide consulting services to Tricon. He is a member of the Board of Directors, chairs the Executive Committee, and is a member of Tricon’s Investment Committee. Mr. Matus is the Chair and co-founder of Cidel, an international financial services group. He is a past member of the board of Mount Sinai Hospital (where he currently serves on the Research Advisory Committee), the board of Governing Council of the University of Toronto (where he currently chairs the Pension and Endowment Investment Advisory Committee and the Real Estate Committee), and the Canadian Opera Company. He is a director of the MaRS Discovery District (where he is Chair of the Real Estate Committee), and an honorary director and past Chair of the board of directors of the Baycrest Centre for Geriatric Care. He is the honorary Chair of the Hospital for Sick Kids/Nelson Mandela Children’s Hospital Project. Mr. Matus has founded several other companies and remains a director of some of them. In 2005, Mr. Matus was a recipient of the Jewish Federation award for outstanding service to his community. In 2010, he received the Arbor Award for outstanding service to the University of Toronto and in 2011, he was honoured as a “Man of Distinction” by the Israel Cancer Research Fund. The University of Toronto has announced that it will be conferring an honorary Doctor of Laws degree on Mr. Matus in June 2018. Mr. Matus holds Bachelor of Commerce and Law degrees from the University of the Witwatersrand in Johannesburg, South Africa, and received a Master of Laws degree from Columbia University in New York.

Camille Douglas

Ms. Camille Douglas is Inependent director of the company. She is a senior executive in the real estate industry with over 30 years’ experience in real estate development and finance, executing real estate transactions and financial strategy. Her work has included corporate and project-based acquisitions, dispositions and financing, including pioneering work on commercial mortgage-backed securities and cross-border equity investment. Ms. Douglas is currently a Senior Managing Director, Acquisitions and Capital Markets, at LeFrak, a real estate investment and development company. Since joining the firm in January 2010, she has been responsible for strategic real estate acquisitions and development outside New York and led the company’s expansion into the Miami market in 2011 after focusing on the UK in 2010–2011. Ms. Douglas is also a member of the Real Estate Advisory Committee of the New York State Common Retirement Fund and serves on the Board of Trustees of Starwood Property Trust, where she is a member of the Audit Committee. In addition, she is an Adjunct Professor in Finance and Economics at Columbia Business School. She received her Master of Urban Planning degree from Harvard University Graduate School of Design, and also holds a Bachelor of Arts degree from Smith College.

Ira Gluskin

Mr. Ira Gluskin serves as Independent Director of the Company. Mr. Gluskin, a well-known industry commentator, is the co-founder and an honorary lifetime Director of Gluskin Sheff + Associates Inc., one of Canada’s pre-eminent wealth management firms. He served as the firm’s President and Chief Investment Officer through December 31, 2009, and as a Director and the firm’s Vice-Chairman through December 18, 2013. Mr. Gluskin is a member of the board of trustees of European Commercial REIT, the Advisory Board of Vision Capital Corporation, the University of Toronto’s Real Estate Advisory Committee, the University of Toronto’s Boundless Campaign Executive Committee, the Sinai Health System’s Board of Directors and Investment Committee, the Boards of the Canadian Jewish News, The Walrus Magazine, and Capitalize for Kids, and he is a Trustee of the Toronto Symphony Foundation. Mr. Gluskin is also the former Chair of the University of Toronto Asset Management Corporation and the former Chair of the Investment Advisory Committee for the Jewish Foundation of Greater Toronto and is currently a member of its Investment Committee.

J. Michael Knowlton

Mr. J. Michael Knowlton is an Independent Director of Tricon Capital Group Inc. He retired from Dundee Realty Corporation in 2011, where he held the position of President and COO of Dundee Real Estate Investment Trust. He joined Dundee Realty in 1998, holding various positions with Dundee Realty and Dundee Real Estate Investment Trust, including Executive Vice President and COO, Executive Vice President and CFO and Managing Director Limited Partnerships, before becoming President of the REIT in 2006. Prior to that, he worked at OMERS Realty Corp. from 1990 until 1998 as Senior Vice President and CFO. Mr. Knowlton currently serves as a trustee and chair of the audit committee of Crombie Real Estate Investment Trust (TSX: CRR.UN), a trustee and member of the audit committees of Dream Industrial Real Estate Investment Trust (TSX: DIR.UN) and Dream Global Real Estate Investment Trust (TSX: DRG.UN), and is a former member of the board of trustees for True North Apartment Real Estate Investment Trust and Northwest Healthcare Properties Real Estate Investment Trust. He holds Bachelor of Science (Engineering) and Master of Business Administration degrees from Queen’s University in Kingston, Ontario. He is a Chartered Accountant and holds an ICD.D designation.

Sian Matthews

Ms. Sian M. Matthews is Independent Director of the Company. She is a corporate director and legal consultant, specializing in matters of private tax, private client work and corporate governance. Until 2009, she was a partner and head of the Private Services Group at Bennett Jones LLP and she began her legal career at Macleod Dixon LLP in Calgary. Ms. Matthews is also a director of Cidel Bank Canada, a director of The Calgary Foundation, a director of the Southern Alberta Opera Association, a past director and Chair of the Governance Committee of the Calgary Municipal Lands Corporation, a past director and Chair of the Governance Committee of the Heritage Park Society, and a past director of the Calgary Opera Association. She is the past Chairperson of Canada Post Corporation, where she had also been the Chair of the Strategic Initiatives Oversight Committee, the Chair of the Corporate Social Responsibility and Environmental Risks Committee, and a member of the Audit Committee, Governance Committee, Human Resources Committee and Pension Committee. Ms. Matthews has nationally recognized legal expertise in the areas of taxation and governance, and has been distinguished by her peers by inclusion on the Best Lawyers in Canada and the Lexpert Leading Practitioners lists. She is a member of the Law Society of Alberta, holds a Bachelor of Arts degree from the University of Waterloo, a Juris Doctor degree from the University of Ottawa, and an ICD.D designation.

Wojtek Nowak

Mr. Wojtek Nowak, CFA is Director - Corporate Finance & Investor Relations of the Company. Mr. Nowak is responsible for managing Tricon’s corporate finance and investor relations functions, including budgeting and forecasting, management reporting and analysis, and investor communications. Mr. Nowak has over ten years of experience in equity research, covering real estate and diversified industries, as well as prior experience in asset management and investment banking. Prior to joining Tricon in 2015, he was most recently Managing Director, Research at AltaCorp Capital. Mr. Nowak holds an Honours Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario, where he was a Dean’s List graduate. He also holds a Chartered Financial Analyst designation.

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