Board of Trustees


K. (Rai) Sahi is Chairman and Chief Executive Officer of Morguard. Mr. Sahi, FCGA, has over 30 years of business experience in public and private corporations, including extensive experience in investing, financial reporting, standards, and policy covering a broad range of industries including insurance, commercial banking, manufacturing, transportation and automotive as well as real estate. Mr. Sahi is President and Chief Executive Officer of Morguard Real Estate Investment Trust and Chairman and Chief Executive Officer of Morguard Investments Limited and TWC Enterprises Limited (formerly ClubLink Enterprises Limited).  Mr. Sahi is a former member of the board of directors of the Canadian Broadcasting Corporation. Mr. Sahi has received many distinctions, including the Certified General Accountants Association of Canada Fellowship Award (2009), Voice Achievement Award (Fellowship in the Indo-Canadian Community over critical enterprises, 2009) and Turnaround Entrepreneur of the Year (1994). In addition, Mr. Sahi is a ranked member of numerous prestigious business listings, including ‘‘The Top 25 Most Influential Figures in Canadian Golf’’ (The National Post) and one of ‘‘The Most Influential People in Golf’’ (Golf Inc.).

Fraser R. Berrill is the President of Fragin Holdings Limited, a private investment company, and former President, Chief Executive Officer and director of Renasant Financial Partners Ltd., a financial services and technology trading organization.  He has served as a director of several public and private companies and is currently the Board Chair of Vicwest Inc., formerly Vicwest Income Fund.  Mr. Berrill is a member of the Law Society of Upper Canada and holds a designation of Chartered Director from McMaster University.

Michael A. J. Catford held the position of Vice-President, Real Estate with Healthcare of Ontario Pension Plan (HOOPP) for 18 years until his retirement in 2014. Prior to HOOPP, he held the position of Managing Director of Drivers Jonas Canada Limited, an independent real estate advisory practice. Mr. Catford has over 25 years experience in the real estate industry.

Paul F. Cobb, CPA, CA, retired from Deloitte & Touche LLP in 2011 after a career at the firm which spanned 38 years.  He was Vice Chairman of the firm from 2007 until his retirement and a member of the Deloitte Board of Directors and the Board of the Deloitte Foundation. Throughout his career he provided a wide range of audit, taxation and financial advisory services to clients predominately in the financial services, real estate and resource industries.  In 2009, Mr. Cobb completed the Directors Education Program of The Institute of Corporate Directors and the Rotman School of Management.

David A. King is a corporate director and is President of DKC Holdings Ltd, a private investment company.  Mr. King has a long history in North American real estate markets, holding several executive positions throughout his career.  In addition Mr. King has more than two decades experience serving on several public and private boards.

Edward C. Kress, CPA, CA, is Corporate Director, Brookfield Group and is a Chartered Accountant. He has 30 years of management experience with the Brookfield group of companies.

Antony K. Stephens is a corporate director and Vice Chairman of Morguard Investments Limited.  Mr. Stephens has been associated with Morguard Investments Limited or its predecessor companies for over 35 years.

Timothy J. Walker joined the Morguard group in 1997 and has held several senior roles including, since September 1, 2004, Vice President and Chief Financial Officer of Morguard Real Estate Investment Trust.  Prior to joining Morguard, Mr. Walker was a Partner and Director of Gordon Capital Corporation and, previous to that Senior Vice President and Treasurer of Campeau Corporation (a real estate development corporation).


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