Otéra Capital is pleased to announce the addition of three new members to its Board of Directors. They are Sylvain Gareau, Michel Labonté and Raymond McManus.
"On behalf of the Management Committee and all employees of Otéra Capital, I would like to welcome the three new Directors and thank them for joining our Board," said Fernand Perreault, Chairman of the Board of Otéra Capital.
Mr. Perreault also stressed the leadership and great qualities of these seasoned administrators and managers who, he said, will be "a great asset to our company."
Régime de rentes du Mouvement Desjardins
Sylvain Gareau joined Desjardins Group in October 2008 as Executive Director of its pension plan.
He also sits on a number of boards of directors and boards and advisory boards.
Michel Labonté has accumulated extensive expertise throughout a successful career, in particular at National Bank of Canada, where he held several senior management positions.
He is a member of the Institute of Corporate Directors.
Raymond McManus is an experienced corporate director. He started his banking career in 1960 and rose to become President and Chief Executive Officer of Laurentian Bank of Canada before he retired.
About Otéra Capital
Otéra Capital offers a full range of commercial real estate financing, from underwriting to asset management, as well as conventional mortgages and structured products. The Montréal-based company is active in Canada, the United States and Europe. Otéra Capital is a subsidiary of the Caisse de dépôt et placement du Québec, one of the largest institutional fund managers in Canada and the United States.
Otéra Capital is one of Canada's five main commercial mortgage lenders and is represented on the U.S. market through CW Capital, an American real estate financing leader. Its portfolio under management stood at CDN $25.8 billion at December 31, 2008.