RBC GAM appoints head of real estate equity investments

RBC Global Asset Management (RBC GAM) has appointed Michael Kitt as head of real estate equity investments.

Based in Toronto and reporting to Dan Chornous, CIO of RBC GAM, Kitt will be responsible for leading the firm’s efforts to develop Canadian real estate pooled solutions, which will initially be offered to the domestic institutional market with the aim of expanding both vehicle type and targeted client groups over time, says a release.

Kitt’s appointment marks RBC GAM’s entry into direct real estate equity investing. The firm has more than $7 billion in assets under management in private markets through its mortgage portfolios, the release says.

Most recently, Kitt was CFO and executive vice-president of finance and strategy for Oxford Properties, OMERS’ wholly owned real estate investment unit.

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Staff

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