Slated to open by the year's end, Ubisoft Toronto will be working on "AAA games and new intellectual properties," Raymond noted.
The studio is eventually expected to provide some 800 new jobs.
Ubisoft explained that Jade will manage the studios' "day-to-day operations...under the governance of Yannis Mallat," who serves as the CEO of Ubisoft Montreal and Toronto.
"I'm excited to have Jade managing our Toronto studio," added Mallat. "With more than 12 years of experience in the video game industry, Jade's knowledge and leadership as an industry veteran are major assets in building the Toronto studio."