- What DGAM real estate head Tony Roy has retired
- Why His 30 year-plus career spans CDPQ’s and Desjardins’ real estate arms
- What next A new real estate head has not yet been announced
Desjardins Global Asset Management real estate head Tony Roy retired last week, Green Street News can reveal.
Roy, who joined DGAM in 2022, has overseen the firm’s real estate investment operations and transactions, including the recent sale of the Drew Kimbel industrial portfolio. Under his leadership, his team created the Canadian real estate fund for Desjardins Global Asset Management in 2024, called DGAM Real Estate Fund. The fund started with $250m in equity, which has been deployed.
Before joining Desjardins, Roy worked at a real estate subsidiary of the Caisse de dépôt et placement du Québec (CDPQ) called SITQ. In 2011, CDPQ moved its real estate subsidiaries, including SITQ, under a single entity called Ivanhoé Cambridge.
When reached by Green Street News, Roy said he’s proud to have participated in the internationalization of CDPQ’s real estate portfolio. At the time, in the 1990s, CDPQ was one of the first Canadian real estate funds to invest in real estate outside of Canada.
CDPQ manages several public pension plans and insurance programs in Québec.
Desjardins Global Asset Management, owned by Desjardins Group, manages assets on behalf of institutional clients such as insurance companies and pension funds.
