/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
TORONTO, March 7, 2016 /CNW/ - Cymbria Corporation (TSX: CYB) ("Cymbria") announced today that it has appointed two new members, Reena Sagoo and Ugo Bizzarri, to its Board of Directors ("the Board") effective immediately. The appointments expand the Board to five, three of whom are independent directors.
Reena Sagoo, CA, CPA, CBV, C.Dir
Ms. Sagoo is Executive Vice President and Global Head of Assurance & Advisory at OMERS, one of Canada's largest defined benefit pension plans. Prior to joining OMERS in 2016, she was with Borealis Infrastructure, OMERS' infrastructure investment arm, for 13 years where she assumed progressively senior finance roles, including Chief Financial Officer. From 1999−2003, Ms. Sagoo worked in both the assurance and advisory practices at KPMG LLP. Ms. Sagoo is a graduate of the Schulich School of Business and is a Chartered Professional Accountant, Chartered Accountant, a Chartered Business Valuator and a Chartered Director. Ms. Sagoo will be the Chair of Cymbria's audit committee as well as an independent director of the Board.
Ugo Bizzarri, CFA
Mr. Bizzarri is Managing Director, responsible for Portfolio Management and Investments and Co-Founder of Timbercreek Asset Management. Mr. Bizzarri is also a Director for the Timbercreek Mortgage Investment Corporation, as well as the Timbercreek Senior Mortgage Investment Corporation. Mr. Bizzarri has 20+ years of experience in the valuation, acquisition and disposition of investment-grade cash-flowing real estate, and as such leads the Timbercreek team responsible for the acquisition and disposition of direct real estate, and the underwriting and funding of commercial mortgage investments secured by direct real estate. In this capacity, Mr. Bizzarri and his team have been responsible for underwriting, financing and acquiring approximately $4 billion worth of multi-residential real estate on behalf of Timbercreek and its partners, and have constructed and managed a diversified debt portfolio of over $1 billion in Timbercreek-sponsored commercial mortgage investments. Prior to founding Timbercreek, Mr. Bizzarri was in portfolio management at Ontario Teachers' Pension Plan Board where he played a leadership role in the strategic planning, corporate transactions/restructuring and property acquisitions for the real estate group. Mr. Bizzarri is a graduate of the Richard Ivey School of Business and is a Chartered Financial Analyst.
"Each brings a wealth of experience and an added perspective we feel will only strengthen the Board further," says Patrick Farmer, Cymbria's Chairman.
ABOUT CYMBRIA CORPORATION
Cymbria's investment objective is to provide shareholders with long-term capital appreciation through an actively managed portfolio comprised primarily of global equities and an investment in EdgePoint Wealth Management Inc. Cymbria began trading on the TSX on November 4, 2008 under the symbol CYB.
SOURCE Cymbria Corporation
For further information: Patrick Farmer at 416.963.9353 or [email protected]