Public | |
Traded as | : BAM.A : BAM Euronext: BAMA S&P/TSX 60 component |
Industry | Asset Management |
Founded | 1899 |
Founder |
William Mackenzie, Frederick Stark Pearson |
Headquarters |
Brookfield Place Toronto, Ontario, Canada |
Area served
|
Global |
Key people
|
Frank McKenna, Chairman Bruce Flatt, CEO |
Services | Financial services |
Revenue | $19.9 bn (2015) |
$2,160 million (2015) | |
$4.7 billion (2015) | |
AUM | $226.8 billion (2015) |
Total equity | $57.2 billion (2015) |
Number of employees
|
28,000 |
Subsidiaries | Brookfield Property Partners Brookfield Infrastructure Partners Brookfield Renewable Energy Partners Brookfield Capital Partners Brookfield Investment Management Brookfield Canada Office Properties Brookfield Multiplex Brookfield Incorporações Brookfield Office Properties Brookfield Residential Brookfield Real Estate Services Brookfield Global Integrated Solutions Brookfield Global Relocation Services Brookfield Financial Brookfield RPS |
Website | www.brookfield.com |
Brookfield Asset Management, Inc. is a global alternative asset manager with over $200 billion of assets under management, focusing on the real asset sectors of property, renewable energy and infrastructure. The firm's assets are concentrated in property, renewable power, infrastructure and private equity.
The company was founded in 1899 as a builder and operator of electricity and transport infrastructure in Brazil; the company's earlier name of "Brascan" reflected this history ("Brasil" + "Canada"). The company provided electricity and tram services in São Paulo and Rio de Janeiro, and the Brazilian side after the split is still known as "Light", short for Brazilian Traction, Light and Power Co. Ltd. Over the next century, the company expanded and it is now an owner and operator of approximately $220 billion of real assets, with 28,000 employees in over 100 offices in 20 different countries. The company's major public subsidiaries include Brookfield Renewable Energy Partners, Brookfield Property Partners, Brookfield Canada Office Properties, Brookfield Incorporações, Brookfield Office Properties, Brookfield Residential Properties Inc., Brookfield Infrastructure Partners, and Brookfield Real Estate Services.
The company's asset management offerings are focused on real assets, but also include alternative-type investments, structured financial products, traditional fixed income and equities and finite-risk reinsurance. In addition, Brookfield Asset Management owns a significant stake in a real estate services company offering home relocations, property appraisals, move-in services and home transaction closing services, and capital market services, including financial advisory, securities underwriting, and property brokerage. Brookfield Asset Management invests through public, listed companies and through private funds. The company's institutional clients mainly include governments, sovereign wealth funds, pension plans, institutions, corporations and high-net-worth individuals.
The company's corporate headquarters are located in Toronto and New York City.