KingSett Capital Inc. is shaking things up with the appointment of a new President and Chief Investment Officer (CIO).
The private equity real estate investment firm announced that Rob Kumer will assume the role of President and CIO, effective immediately.
The expanded role sees Kumer responsible for the execution of strategy, driving the continued advancement of the firm's unique culture, building and maintaining key relationships, seeking new opportunities, and delivering results for investors, according to the firm.
Kumer will continue to report to KingSett's founder, Jon Love, who will remain Chief Executive Officer.
"After 17 years at KingSett, I am delighted to assume this expanded role and help lead KingSett into its next phase of growth and investor performance," said Mr. Kumer. "I look forward to continue working with Jon over the coming years. We have an exceptional team that is well-positioned to drive continued success for the firm and for our investors."
Kumer joined KingSett in 2004 as an analyst and became CIO and Chair of the Investment Committee in 2018, and Chair of KingSett's Management Committee in 2020. As the firm's Chief Investment Officer, he has had responsibility for leading the Investments and Project Finance teams which source, underwrite and structure investment transactions for KingSett's various Fund strategies.
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In addition, Kumer provides oversight of KingSett's mortgage lending business and serves as Fund Manager for KingSett's Growth Funds and Urban Fund. He has overseen transactions in all real estate asset classes, capital markets and joint-venture structures in markets across Canada.
Outside of the office, Kumer is an active member of the Ivey Business School at Western University’s Advisory Board and is on the Board of the Sinai Health System Foundation.
"I am very pleased to have Rob expand his leadership role of the firm," said Jon Love. "This is a natural evolution of KingSett's leadership; it formalizes and amplifies the role Rob has played so well over the past year, as Chair of the Management Committee. As CEO, I will continue to hold overall responsibility for the firm's strategic direction and performance. And together, we will ensure KingSett maintains its sharp focus on delivering sustainable premium risk weighted returns to our investors."
