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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
