The firm has appointed two co-CEOs and an EVP as its founder moves to an executive chairperson role
Stonebridge Financial Corporation has announced some changes to its senior leadership team.
The Toronto-based financial institution and investment manager says it is preparing for a new era of expansion with new verticals including additional forms of "resilient credit" across various real estate asset classes, as well as asset-backed and cash-flow based diversified industries.
The firm’s co-founder Robert M. Collier will continue to oversee Stonebridge’s existing debt funds and separately managed funds but moves from CEO to an executive chairperson role.
Meanwhile, Cam Di Giorgio and Daniel Simunac are the new co-CEOs.
Di Giorgio has been with the firm since 2009 and has held several leadership roles, most recently executive vice president. He has more than 35 years of industry experience and leads Stonebridge’s project finance business in the areas of renewable power, infrastructure and long-term care in the seniors housing sector.
"From wind and solar farms to hospitals and highways, to data centres and fibre-optic networks, our focus on sustainability and other community-enhancing projects that improve our collective futures has allowed us to remain at the forefront of the infrastructure finance industry for nearly a quarter-century," said Di Giorgio. "With the growth of our team, offerings and ongoing market needs for various forms of infrastructure, we are well-positioned to assist borrowers with financing solutions as well as investors seeking exposure to such areas of private credit."
Early adopter
Simunac joins the firm from Raymond James Bank, where he was principal officer & country head for Canada, a platform he founded in 2012. He is joined by former Raymond James colleague Cormac Mac Lochlainn who has been appointed executive vice president.
"I have known the Stonebridge team and followed their growth since 2007 and we are thrilled to be joining and help lead its future," said Simunac. "Stonebridge was an early adopter of responsible investing themes such as clean energy, decarbonization, seniors housing and Indigenous and other social impact investments dating back nearly 25 years. Leveraging our team's collective depth of expertise, broad networks and best practices will allow us to bolster Stonebridge's existing capabilities and relationships, while also adding and forging new ones."
