Oxford Properties Group has promoted Joanne McNamara and David Matheson to its executive leadership team, while Paul Brundage will switch to a global role at its parent company.
Brundage, currently executive vice president for Europe and Asia Pacific, will become deputy chair of investments at parent OMERS on 1 October.
Brundage joined OMERS’ real estate business in 1998 before joining Oxford following its acquisition by OMERS in 2001. Brundage led asset management and operations for Oxford’s Canadian business before being tasked with launching the company’s European business in 2008 and relocating to London.
He will remain in London and work alongside OMERS’ investment businesses on global initiatives. He will report to chief investment officer Satish Rai.
McNamara and Matheson will replace Brundage as executive vice presidents for Europe and Asia Pacific, as part of Oxford’s succession plan.
Both will assume overall responsibility for Oxford’s European and Asia Pacific businesses and report to president Michael Turner.
In July 2019, McNamara and Matheson were respectively promoted to managing director, head of Europe and head of Asia Pacific when Oxford revamped its global leadership team.
Turner said: “Over the past year, we have worked to transition our global leadership team and our ability to promote from within demonstrates the depth of talent we have within our ranks.
“David and Joanne have already made substantial contributions to our Asia Pacific and European businesses and are positioned to deliver on the next phase of Oxford’s growth story.
“Paul’s impact on the Oxford business cannot be overstated. He has played a significant part in building not only our portfolio, but also our culture and developing the next generation of talent as demonstrated by Joanne and David’s promotions. The legacy of his leadership will be long felt and the whole of Oxford wishes him well as he returns to OMERS.”
Brundage said: “Having carefully executed our succession planning over the past year, now marks the perfect time for me to return to OMERS to continue the work of delivering returns for our members.”
McNamara joined Oxford from Hammerson in 2010 as one of the first members of its European investment team and was involved in many of Oxford’s early European successes, including the development of the Leadenhall Building, London Wall Place and St James’s Market in partnership with the Crown Estate.
She went on to hold a series of roles within the company, most recently leading Oxford’s European investment team and having P&L responsibility for its European portfolio.
Matheson joined Oxford in 2013 from Goldman Sachs to lead its European investment team, a remit which grew to include Asia Pacific in 2017.
Since 2018, he has led Oxford’s push into Asia Pacific, overseeing more than £5bn of transactions, including the Investa Office Fund acquisition in Australia and subsequent sell down of £1.5bn of non-strategic assets.
Oxford is also seeking to enter the Indian market as it seeks to grow its Asia Pacific business up to potentially 25% of its balance sheet in the future.
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