Brookfield Asset Management Names Connor Teskey CEO
By Robb M. Stewart
Brookfield Asset Management named Connor Teskey as successor to long-serving Chief Executive Bruce Flatt, who will remain chairman as well as CEO of parent Brookfield.
The appointment is part of a long-awaited plan after Flatt early last year took on the additional role of chair of the New York-based asset manager, when central banker Mark Carney stepped down to run for the leadership of the Liberal Party of Canada and went on to succeed Justin Trudeau as prime minister.
Teskey, who had been viewed as a likely successor, joined Brookfield Asset Management in 2012 and was named president in 2022. He until now also was the head of Brookfield's Renewable Power & Transition business and CEO of Brookfield Renewable Partners, with responsibility for investments, operations and the expansion of the renewable and transition operation.
Flatt joined Brookfield in 1990 and became CEO in 2002.
"Today's announcement is the next step in the succession process we started four years ago. This will set up our next generation of leaders who will guide the company in the coming decades," Flatt said.
The appointment accompanied news Brookfield Asset Management will increase its dividend 15% after it fundraised a record $35 billion in the final quarter of last year and earnings grew.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
February 04, 2026 07:45 ET (12:45 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States