MISSISSAUGA, ON, Dec. 3, 2012 /CNW/ - Morguard Corporation (TSX: MRC)
("Morguard") today announced the appointment of Vikash Jain, CFA to
Vice President and Chief Investment Officer of its wholly-owned fund
management company, Morguard Financial Corp. Mr. Jain will succeed
Charles Dillingham on December 31, 2012.
Mr. Jain brings more than 15 years of global portfolio strategy, design
and management to Morguard. He has proven expertise in managing
multi-billion dollar structured portfolios for large institutional
clients and global asset allocation portfolios for high net worth
families. Mr. Jain worked for several years in Mumbai and Singapore as
an oil and industrial sector analyst. That global perspective combined
with his deep experience across asset classes and capital markets will
be invaluable in leading Morguard Financial in its next phase of
As Chief Investment Officer, Mr. Jain will oversee the management of the
equity and fixed income portfolios Morguard Financial manages for its
institutional, retail and high net worth investors. These portfolios
include separately managed accounts on behalf of Canadian pension
funds, the Morguard Sunstone Real Estate Income Fund (TSX: MSN.UN), the
Morguard Real Estate Equity Fund, and the Morguard-managed CIBC
Canadian Real Estate Fund, winner of the prestigious Thomson Reuters
Lipper Fund Award in 2011 and 2012.
"Charles has done an outstanding job over the past 15 years," said Rai
Sahi, Chief Executive Officer of Morguard, "He's one of the best in the
industry, with two Lipper Fund awards and ranking as one of Canada's 50
TopGun Equity Portfolio Managers by Brendan Wood International in 2009.
Most of all, he's helped our clients by delivering solid, risk-adjusted
returns. Vikash will build on Charles' success to expand our business
and bring the benefits of Morguard's expertise to more Canadians."
The experienced members of Mr. Dillingham's hand-picked portfolio
management team, Derek Warren and Kate MacDonald will continue their
day-to-day management of the Morguard portfolio of funds under Mr.
"In the current environment, investors need quality investments that
offer safety and yield," said Mr. Jain. "That is exactly what Morguard
has delivered over the past 15 years and what we will continue to
deliver over the next 15," he concluded.
Morguard is an expert in North American real
estate ownership, investment and management. With a strategic focus on
high-quality assets and diversification, Morguard has a proven track
record of realizing the potential of real estate through consistent
investment performance. Morguard has more than $12 billion of assets owned and under
management. The integrated real estate services company manages its own
real estate portfolio, and also invests and manages on behalf of
third-party institutional and private real estate investors. Morguard
offers integrated real estate services, including investment
management, asset management and property management.
Morguard Corporation also owns a 42.8% interest in Morguard Real Estate
Investment Trust (TSX: MRT.UN) and a 56.1% effective interest in the
Morguard North American Residential Real Estate Investment Trust (TSX:
SOURCE: Morguard Corporation
For further information:
K. (Rai) Sahi
Chief Executive Officer