Ivanhoé Cambridge Appointments

Mario D. Morroni named Executive Vice President, Strategy and Capital Allocation
Rita-Rose Gagné appointed Executive Vice President, Growth Markets

MONTREAL, Nov. 21, 2013 /CNW Telbec/ - Daniel Fournier, Chairman of the Board and Chief Executive Officer of Ivanhoé Cambridge, is pleased to announce the following appointments to the Company's senior management team:

Strategy and Capital Allocation
Mario D. Morroni is appointed Executive Vice President, Strategy and Capital Allocation, effective January 13, 2014.

Mr. Morroni, who will report to the Chairman and Chief Executive Officer, is currently President and Chief Executive Officer of the Association de bienfaisance et de retraite des policiers et policières de la Ville de Montréal (ABRPPVM).

"As he has served on our Board of Directors and its Audit Committee for several years, Mr. Morroni is already very familiar with our organization, the real estate industry and its challenges," Mr. Fournier said. "We are relying on him to give a fresh boost to our strategic direction, at a time when we are experiencing strong growth both here in Canada and internationally. We are certain that he will prove to be a valuable asset for Ivanhoé Cambridge's senior leadership team and that he will also make an important contribution to our management of capital allocation."

Mr. Morroni will relinquish his responsibilities at the Board and Audit Committee level prior to taking up his new duties with the Company.

Growth Markets
Rita-Rose Gagné, until now responsible for strategy at the Company, is appointed Executive Vice President, Growth Markets, effective immediately.

"As is the case for our principal shareholder, the Caisse de dépôt et placement du Québec, the growth markets sector is assuming greater importance at Ivanhoé Cambridge," Mr. Fournier explained. "There are many investment opportunities, the conditions for success are complex and require very strong strategic and transactional abilities, areas in which Rita-Rose excels."

About Ivanhoé Cambridge
Ivanhoé Cambridge is a world-class real estate company that leverages its high-level expertise in all aspects of real estate including investment, development, asset management, leasing and operations, to deliver an optimal return for its investors. Through its multiple subsidiaries, its assets in more than 20 countries were valued at over Cdn$35 billion as at December 31, 2012. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's leading institutional fund managers. For more information, visit ivanhoecambridge.com.

Biographical notes - Mario D. Morroni

Mr. Morroni is an experienced senior manager with solid experience in finance and investments, as well as management and administration in the pension funds sector. He joined the ABRPPVM in 2001 as Vice President, Operations and Human Resources, and as a member of the Board of Directors. In 2010, he was appointed President and CEO and assumed responsibility for administration of pension plans with total assets under management of $4 billion. He also served as Chair of the Board of Directors, the Investments Committee and the Pension Committee of the ABRPPVM employees' pension plan.

Mr. Morroni worked previously for the Fraternité des policiers et policières de Montréal as Secretary-Treasurer and member of the Executive Committee.

Mr. Morroni holds a Bachelor of Business Administration degree with a specialization in Finance from Concordia University.

SOURCE: Ivanhoé Cambridge

Ivanhoé Cambridge
Sébastien Théberge
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