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Sotheby’s International Realty Canada announced the appointment of Mustafa Abbasi as president. He succeeds Effi Barak, who has served as interim president since April 2025.

Abbasi was the founding president and chief operating officer of the Zolo real estate platform. He led his company’s 2022 merger with Questrade Financial Group, where he served as president and chief operating officer of Zolo Ventures.

“Mustafa’s distinctive blend of entrepreneurial and corporate real estate leadership, deep digital expertise, and Canadian market insight uniquely positions Sotheby’s International Realty Canada to meet the evolving expectations of clients and advisors, while strengthening our leadership in Canada’s luxury real estate market now and in the future,” said Tara Brown, CEO of Peerage Realty Partners and president of Peerage Group Sotheby’s International Realty.