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 | $24.4 bn (2016) |
$2,165 million (2016) | |
$3.3 billion (2016) | |
AUM | $239.825 billion (2016) |
Total equity | $69.7 billion (2016) |
Number of employees
|
70,000 operating employees 700 investment professionals |
Subsidiaries |
Brookfield Property Partners Brookfield Infrastructure Partners Brookfield Renewable Partners Brookfield Business 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 approximately $250 billion of assets under management, focusing on the real asset sectors of property, renewable energy, and infrastructure. The company's corporate headquarters are located in Toronto and New York City.
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 is now an investor in and operator of approximately $220 billion of real assets, with 70,000 employees in over 100 offices in 30 different countries. It's major public subsidiaries include Brookfield Infrastructure Partners, Brookfield Renewable Partners, Brookfield Property Partners, and Brookfield Business Partners.
The company's asset management offerings for institutional investors 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.
Brookfield has $23 billion of assets under management in Canada, $138 billion invested in the United States, $19 billion invested in Asia Pacific, $20 billion in South America and $32 billion in the UK, Western Europe and the Middle East. Its major real estate investments include Brookfield Place (formerly known as the World Financial Center) in New York, Brookfield Place in Toronto, Canary Wharf in London (owned with Qatar's Sovereign Wealth Fund), Potsdamer Platz in Berlin, the Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney, and Brookfield Place in Perth.