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Jonathan Pearce, the head of investments, office and life sciences for Ivanhoé Cambridge in the U.S., has resigned the post he held for a decade.
"After 10 highly enjoyable years, a couple of weeks ago, I made the difficult decision to resign from my position at Ivanhoé Cambridge / Caisse de dépôt et placement du Québec (CDPQ)," Pearce wrote in a LinkedIn post.
Ivanhoé Cambridge, the real estate wing of the Canadian pension fund CDPQ, lowered its office investment in recent years under CEO Nathalie Palladitcheff, who held the position since 2019 but left in April. CoStar first reported Pearce's departure.
CDPQ announced plans in January to cut staff to save $100M, CoStar reported. At the same time, the fund began the process of integrating subsidiaries Otéra Capital and Ivanhoé Cambridge into investment groups in the pension fund.
Pearce wrote his next move would be "a new opportunity in the fall."
The list of properties the pension fund controls includes a 100% interest in 1211 Avenue of the Americas in New York and interests in an office at 1411 Broadway and Three Bryant Park. In Houston, it completed the Texas Tower's Block 58 with Hines, and it owns Chicago's River Point, according to CoStar.
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