Generous $5 million gift from Robert Krembil and the Krembil Foundation to create global hub at Schulich TORONTO – Tuesday, June 30, 2020 –The Schulich School of Business at York University is pleased to announce the establishment of the Centre of Excellence in Health Management and Leadership, made possible by a generous $5 million donation from the Krembil Foundation and Schulich graduate Robert Krembil, a name synonymous with health care philanthropy in Canada.
The newly established Centre of Excellence in Health Management and Leadership will become a leading global hub of industry outreach, education and research at Schulich. The Centre will combine academic excellence in degree programs and executive training together with substantial scholarship support and collaborative research on leadership opportunities in the health sector.
Since 2003, Schulich has been developing future industry leaders in the health sector through its Health Industry Management Program. One of the world’s largest and fastest-growing industries, the health sector is facing unprecedented change driven by the emergence and adoption of Artificial Intelligence, business analytics, virtual care, rising costs, and new delivery models.
Robert Krembil is President of Chiefswood Holdings and its subsidiaries, as well as Chairman of the Krembil Foundation. A Schulich MBA graduate from the Class of ’71, Robert Krembil has a longstanding association with the Schulich School of Business. He is a Member of the Schulich School of Business Dean’s Advisory Council and is Honorary Patron of York University’s Impact Campaign. In recognition of his generosity, Robert was honoured with the York University Bryden Alumni Award for Outstanding Contribution in 2019, the Schulich Alumni Recognition Award for Outstanding Executive Leadership in 2005, and received an Honorary Doctorate of Laws from York University in 2000.
In 2001, Roberthad the bold vision to fund a groundbreaking, high-value scholarship program at his alma mater. The Krembil Scholars Program contributed to the School’s recruitment efforts, success in global rankings, and global reputation while setting a gold standard for financial aid support in education across the country. To date, more than 100 students, known as the Krembil Scholars, have benefitted from renewable scholarships that cover full tuition costs and living subsidies, providing students unparalleled access to the educational opportunities and learning experiences required to become the global business leaders of tomorrow.
Through the Krembil Foundation, the family has generously donated more than $12 million to the Schulich School of Business and York University, including funding for the Krembil Scholars Program.
“We are pleased to support this new Schulich program that will produce future leaders for our very large and important health care sector,” said Robert Krembil.
“We wish to thank Robert Krembil and the Krembil Foundation for their generous gift and their invaluable support over the past two decades,” said Schulich Dean Dezsö J. Horváth. “The new Centre of Excellence in Health Management and Leadership will become a leading global hub in the vitally important health sector. Today, more than ever before, the health sector needs dynamic, forward-looking leaders to propel the industry forward into a sustainable future.”
Dr. Rhonda L. Lenton, President & Vice-Chancellor of York University noted that this new donation will make a tremendous impact. “Robert Krembil and the Krembil Foundation have been leading supporters of York University and the Schulich School of Business for many years,” said Lenton. “We are incredibly grateful for their longstanding support and thank them for this new transformational donation that will fund innovative research, teaching and student support. With their generous gift, we will continue to make a positive change in the local and global communities we serve by building on our established strength in health management.”
Today’s gift is part of Schulich’s Leading Change Campaign, the School’s most comprehensive and ambitious fundraising and alumni engagement campaign to date and part of Impact: The Campaign for York University. Under the leadership of Dean Horváth and the Leading Change Campaign Cabinet, the School has raised more than $65 million.
North America’s top graduate real estate students showcase their expertise
TORONTO – Monday, March 26, 2018 – The Schulich School of Business at York University today announced that a team of students enrolled in the School’s Master of Real Estate and Infrastructure Program won first place in the eighth annual Developers’ Den international case competition, beating 11 teams from leading graduate business and professional school programs. Teams of MBA students from Ivey School of Business and the Schulich School of Business placed second and third, respectively.
Started in 2011, Developers’ Den is Canada’s longest running and most prestigious real estate case competition. This year’s case competition was presented by Altus Group and co-hosted by Schulich’s Brookfield Centre in Real Estate & Infrastructure and the Schulich Real Property Alumni Association.
The winning team was made up of Schulich MREI students Alannah Bird, Derek Wei, Jordan Trinder, and Bao Nguyen, who received a $6,000 prize. Ivey’s MBA team, Evan Reidel, Eric Koehn, and Jarvis Lu, placed second and received $3,000. Schulich’s MBA team, Zachary Weinstock, Sam Magalnik, Asfar Rana, and Parminder Dod, finished third and received $1,500.
The March 23rd final-round presentation and awards reception drew over 100 industry representatives, who joined with 14 expert judges to watch North America’s top real estate students perform and network with the competitors and industry peers.
“The Developers’ Den competition provides an important opportunity for the best students to develop and showcase their analytical, creative and presentation skills as emerging talent in front of leaders within the real property sector,” said Jim Clayton, who was recently appointed to the Timothy R. Price Chair at Schulich’s Brookfield Centre in Real Estate and Infrastructure. “We are grateful for the tremendous support the competition receives from industry and alumni.”
Schulich’s new chair was established in honour of Timothy R. Price’s exceptional leadership and contributions to Canada’s thriving real estate industry. The chair, as well as the Brookfield Centre in Real Estate & Infrastructure, were made possible by a generous $4 million donation from Tim Price and his wife, Frances Price, together with the Brookfield Partners Foundation.
Last year, Schulich launched a Master in Real Estate and Infrastructure program to complement its long-standing MBA specialization in Real Estate and Infrastructure.
The winning teams competed against teams from the Graduate School of Architecture, Planning and Preservation at Columbia University in New York; Johns Hopkins Carey Business School in Washington, DC; and the Rotman School of Management at the University of Toronto during the March 23rd final phase of competition at Schulich’s Keele Street campus.
The competition’s final round was judged by Mauro Pambianchi, Chief Development Officer of SmartCentres REIT; Toni Rossi, President, Real Estate, Infrastructure Ontario; Geoff Grayhurst, President of Dorsay Development Corporation and a Schulich MBA graduate from the Class of 1991; Fred Waks, President and CEO of Trinity Development Group; and Alan Vihant, Executive Vice President of Great Gulf Homes.
“The competition was fierce as teams from each school brought forth their best and brightest, showcasing their skills with a healthy dose of competitive spirit,” said Christian Petersen, co-chair of the Developers’ Den Alumni Organizing Committee and a Schulich MBA graduate from the Class of 2013.
“We threw a curveball at the students and not only did they demonstrate the ability to problem-solve within a short-period of time, but they proved that they could think on their feet and answer difficult questions when presenting to our esteemed panel,” added co-chair Christine Trinh, a fellow Schulich MBA graduate from the Class of 2013.
The hypothetical case was prepared by volunteers of the Alumni Organizing Committee in partnership with global real estate investor, developer and manager Oxford Properties Group. The case involved Oxford’s DIX30, a 210-acre site comprising a 2.7 million square foot outdoor integrated lifestyle/retail centre in Brossard, Quebec, on Montreal’s South Shore. Phase 1 of the competition required teams to provide a 10-year strategic plan to drive the centre’s asset value while exploring a retail strategy and opportunities available through a master planning exercise. A twist was introduced in Phase 2 of the competition, when finalist teams were presented with an unsolicited offer to buy the property, recently valued at $716 million, for $800 million. Teams were tasked to assess the viability of the potential sale, taking into account current valuations, tenant activity and rent roll, as well as a competing adjacent property. Teams opting to hold the property were challenged to recommend ways to increase its value, while producing incentives and/or improvements to retain the 50% of tenants with expiring leases over the next three years in the face of a competing mixed-use community under construction next door.
“We’re proud to once again sponsor Developers’ Den as it provides students with the opportunity to further develop and showcase their real estate knowledge in a rewarding and competitive way,” said Colin Johnston, President of Research, Valuation & Advisory at Altus Group. “Through our continued involvement with this competition, we’re pleased to support the next generation of real estate professionals.”
Along with presenting sponsor Altus Group, a leading global provider of independent advisory services, software and data solutions, and technology-enabled expert services to the global commercial real estate industry, competition sponsors included Cadillac Fairview and Oxford; Quad; Smart Centres; Diamond Schmitt Architects; KPMB Architects; BA Group; Bousfield Inc.; CBRE; Colliers International; Great Gulf; Harbour Equity; Hullmark; and Minto Properties.
Proceeds from Developers’ Den will benefit Schulich’s Real Estate and Infrastructure Student Experience Fund.
About Schulich
Known as Canada’s Global Business School™, the Schulich School of Business in Toronto is ranked among the world’s leading business schools by a number of global surveys. Schulich’s MBA program is ranked #2 in the world by Corporate Knights, the world’s largest circulation magazine with an explicit focus on Corporate Social Responsibility, in a global survey that identifies which schools are doing the best job of preparing future business leaders for the environmental, social and ethical complexities of modern-day business. Schulich’s MBA program is also ranked #1 in Canada and among the world’s leading schools by Forbes, CNN Expansión and América Economía. Schulich is also ranked among the world’s top 25 business schools for a career in investment banking in a global survey by eFinancialCareers.com. The Kellogg-Schulich EMBA program is ranked #5 in the world by The Economist and #1 in Canada by the Financial Times of London. For complete ranking details, please visit www.schulich.yorku.ca.
Global, innovative and diverse, Schulich offers business programs year-round at its state-of-the-art complex at York University; at its Miles S. Nadal Management Centre located in the heart of the Toronto’s financial district; and at its new campus in Hyderabad, India. Schulich also operates a number of satellite centres in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; Mexico City, Mexico; and Sao Paulo, Brazil. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to rewarding careers in the private, public and nonprofit sectors, and has 30,000 alumni working in over 90 countries. The School pioneered Canada’s first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America’s first ever cross-border Executive MBA degree, the Kellogg-Schulich Executive MBA. The School launched one of the world’s first Master of Business Analytics and Master of Real Estate and Infrastructure degrees and has one of the largest portfolios of Masters’-level degrees of any business school in North America. Schulich’s Executive Education Centre provides executive development programs annually to more than 10,000 executives in Canada and abroad.
For more information, please contact:
Beth Marlin
Media Relations and Public Relations
Schulich School of Business
Email: bmarlin@schulich.yorku.ca
Phone: 905-717-6278
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This year marks the 50th Anniversary of the Schulich School of Business at York University. Celebrating a half-century of shaping global management education, the campaign has adopted the tagline “Business Education Transformed.”
The Schulich School of Business announces with gratitude its generous sponsors and patrons helping to celebrate the School’s 50thAnniversary: Premier-level sponsors and patrons are TD Bank Group and Rob McEwen, CM; while Executive-level sponsors and patrons are Bell, The Schulich Foundation and Cineplex Entertainment.
Throughout the coming year, a series of 50th Anniversary events and special projects will celebrate Schulich’s transformational role in thought leadership and shaping global business education over the past five decades.
A grand 50th Anniversary Gala will take place on May 27, 2016 at Toronto’s Four Seasons Hotel, featuring Dr. Seymour Schulich, O.C. (Hon LLD ‘03) as the keynote speaker. The evening includes a special 50th champagne cocktail reception; four-course dinner, dancing and much more. Proceeds from the Gala will be directed towards a special 50th Anniversary Student Financial Aid Bursary.
“In today’s changing business environment, the world needs leaders with a global perspective and the ability to solve complex problems using creative and innovative thinking,” said Bharat Masrani, a Schulich alumnus, Group President and Chief Executive Officer, TD Bank Group. “Schulich’s track record of preparing leaders of today and tomorrow has earned it the reputation as one of the world’s leading business schools. I wish them continued success for the next 50 years and beyond.”“I have always admired greatly the School’s absolute focus to be on the leading edge of management education, and not afraid to take risks, even from my own time there as a student,” said Rob McEwen, a Schulich alumnus, Chairman and Chief Owner of McEwen Mining and a member of the Dean’s Advisory Council. “This Anniversary is about celebrating the multitude of achievements and innovations of the School and to be immersed and feel its momentum, strength and opportunity.”“The Schulich School of Business is privileged to enjoy this tremendous support in honour of our 50thAnniversary,” said Schulich Dean Dezsö J. Horváth. “I invite all of our alumni, faculty, staff, students, board members and friends to join the Schulich community as we celebrate a remarkable past and embark on an equally promising future.”
Visit www.schulich50.com for frequent updates on 50th Anniversary events and projects.
The Schulich School of Business announces with gratitude its generous sponsors and patrons helping to celebrate the School’s 50thAnniversary: Premier-level sponsors and patrons are TD Bank Group and Rob McEwen, CM; while Executive-level sponsors and patrons are Bell, The Schulich Foundation and Cineplex Entertainment.
Throughout the coming year, a series of 50th Anniversary events and special projects will celebrate Schulich’s transformational role in thought leadership and shaping global business education over the past five decades.
A grand 50th Anniversary Gala will take place on May 27, 2016 at Toronto’s Four Seasons Hotel, featuring Dr. Seymour Schulich, O.C. (Hon LLD ‘03) as the keynote speaker. The evening includes a special 50th champagne cocktail reception; four-course dinner, dancing and much more. Proceeds from the Gala will be directed towards a special 50th Anniversary Student Financial Aid Bursary.
“In today’s changing business environment, the world needs leaders with a global perspective and the ability to solve complex problems using creative and innovative thinking,” said Bharat Masrani, a Schulich alumnus, Group President and Chief Executive Officer, TD Bank Group. “Schulich’s track record of preparing leaders of today and tomorrow has earned it the reputation as one of the world’s leading business schools. I wish them continued success for the next 50 years and beyond.”
“I have always admired greatly the School’s absolute focus to be on the leading edge of management education, and not afraid to take risks, even from my own time there as a student,” said Rob McEwen, a Schulich alumnus, Chairman and Chief Owner of McEwen Mining and a member of the Dean’s Advisory Council. “This Anniversary is about celebrating the multitude of achievements and innovations of the School and to be immersed and feel its momentum, strength and opportunity.”
“The Schulich School of Business is privileged to enjoy this tremendous support in honour of our 50thAnniversary,” said Schulich Dean Dezsö J. Horváth. “I invite all of our alumni, faculty, staff, students, board members and friends to join the Schulich community as we celebrate a remarkable past and embark on an equally promising future.”
Visit www.schulich50.com for frequent updates on 50th Anniversary events and projects.