Brookfield Appoints Bruce Flatt as Chair: A New Era for Transition Investing

Brookfield Asset Management (BAM), a leading global alternative asset manager, has announced the appointment of Bruce Flatt as Chair of the Board of Directors, effective immediately. Flatt, who has served as CEO of Brookfield since 2002, will continue in his role as CEO while taking on the additional responsibilities of Chair. This appointment comes as Mark Carney, the former Chair and Head of Transition Investing, steps down to pursue his candidacy for the leadership of the Liberal Party of Canada.

Flatt's appointment signals a continuation of Brookfield's strategic direction and commitment to its core values. Under his leadership, Brookfield has developed a global operating presence in more than 30 countries, demonstrating its ability to navigate diverse markets and capitalize on opportunities worldwide. Flatt's deep understanding of the company's operations and his commitment to its long-term success make him an ideal candidate for the Chair position.

One of the key aspects of Brookfield's long-term strategy is its focus on alternative asset management, wealth solutions, and operating businesses. Flatt's appointment as Chair reinforces the company's commitment to these areas, which have been a significant driver of its growth and success. Additionally, Flatt's appointment comes at a time when Brookfield is increasingly focused on transition investing, which involves supporting businesses in their decarbonization goals and transforming carbon-intensive industries.

Brookfield has raised over $30 billion in dedicated transition capital in less than four years, reflecting its commitment to this area. Flatt's appointment as Chair is expected to further strengthen Brookfield's position as a leader in transition investing, as he has been a key driver of the company's success in this area. Under Flatt's leadership, Brookfield has built a global operating presence in more than 30 countries, enabling it to identify and capitalize on transition opportunities worldwide.



Brookfield's success in the energy transition sector is driven by several key factors, including its expertise in renewable power and transition, long-term investment horizon, global operating presence, partnerships with global giants, and transition capital raising. Flatt's leadership is expected to continue driving Brookfield's success in this area, as he has a proven track record of building and maintaining strategic partnerships and a commitment to long-term value creation.

In addition to Flatt's appointment, Brookfield has announced that Connor Teskey, President of Brookfield Asset Management and CEO of Renewable Power & Transition, will continue in his role. Teskey's expertise in renewable power and transition will be crucial in driving Brookfield's success in the energy transition sector.

Brookfield's commitment to sustainability and the management and reduction of climate risks is evident in its approach to transition investing. The company's focus on supporting businesses in their decarbonization goals and transforming carbon-intensive industries reflects its long-standing commitment to responsible investing and sustainable development.

In conclusion, Bruce Flatt's appointment as Chair of Brookfield Asset Management is expected to have a significant impact on the company's long-term strategy and investment focus. His deep understanding of the company's operations and commitment to its core values will help to ensure that Brookfield continues to be a leader in alternative asset management, wealth solutions, and operating businesses, while also maintaining its commitment to sustainability and transition investing. Under Flatt's leadership, Brookfield is well-positioned to continue its success in the energy transition sector and beyond.