Brookfield Asset Management has announced a major reorganization and is shuffling several top executives as a result, including former Bank of Canada and Bank of England governor Mark Carney.
The company now known as Brookfield Asset Management is being renamed Brookfield Corporation, with its manager business spun off to become Brookfield Asset Management Ltd. Carney will be appointed chair of the manager in addition to his responsibilities at Brookfield.
Brookfield CEO Bruce Flatt will remain as CEO of the manager, while Connor Teske will be appointed president in addition to his duties as CEO of the company’s renewable power and transition arm.
Flatt will also remain as CEO of Brookfield Corp., and Nick Goodman is being appointed president and chief financial officer. His focus will be on capital allocation among the company’s operating businesses and new business initiatives.
Other appointments include naming Bahir Manios as chief financial officer of the manager.
Anuj Ranjan will become president of the private equity group in addition to his business development responsibilities in the manager. Brian Kingston, Cyrus Madon and Sam Pollock will remain CEOs of their respective businesses and will become directors of the manager with Flatt, Carney and seven independent directors.
Maloney, Broderick promoted at C&W
Cushman & Wakefield announced Marla Maloney has been promoted to president, Americas services, and Dan Broderick to president, Americas advisory.
Both will continue to report to president Andrew McDonald. Maloney also will continue to serve on, and Broderick will join, the firm’s global management team.
Maloney will oversee asset services, valuation and advisory, and project and development services in North and South America.
She previously served as president of Americas asset services, has been with C&W for more than 20 years and is a certified property manager.
She holds an MBA from University of Illinois Urbana-Champaign and a bachelor’s degree from Illinois Wesleyan University.
Broderick will oversee the delivery of brokerage services across all markets in North and South America.
He previously served as president of the Americas West region, comprised of the Western U.S., Canada and Latin America. Prior to that, Broderick served in other leadership positions, including regional managing principal of the Southwest Region.
Broderick has been with C&W for over 11 years. He holds a bachelor’s degree in economics and psychology from Stanford University.
Frederiksen, Hynes new Summit trustees
Frederiksen is the former CEO and trustee of WPT REIT, which was privatized in October 2021. Frederiksen had a 30-year career in various roles of increasing responsibility with WPT REIT’s manager, Welsh Property Trust.
Starting as an industrial broker in 1987, he was named senior vice-president in 1996 and became a principal in 2006. Frederiksen holds a bachelor of science degree from St. Cloud State University, where he graduated summa cum laude.
He is a certified commercial investment member, a member of the National Association of Real Estate Investment Trusts and the Society of Industrial and Office Realtors and holds a real estate broker’s license in Minnesota.
Hynes is executive vice-president and COO of Crombie REIT. He leads the REITs construction, development, leasing, and operations and prior to becoming COO in 2018 served as EVP and chief financial officer for eight years.
From 1996 to 2006, Hynes held senior positions with Sobeys Inc., including EVP and CFO, and EVP and chief development officer.
Hynes is a graduate of the advanced management program at Harvard Business School and a bachelor of business administration graduate of UPEI, and has a chartered accountants designation.
He completed the directors education program at the Institute of Corporate Directors and received his fellow chartered accountant (FCA) designation in 2011.
Jamieson succeeds Chiesa as Sienna chair
Dino Chiesa, Sienna Senior Living’s (SIA-T) chair of the board of directors, announced that after a 12-year tenure, he will step down from the board. During this time, Chiesa also served as interim president and CEO in 2012 and 2013.
Shelly Jamieson, who joined Sienna as an independent director in November 2021, has been appointed the new chair.
Elsewhere, Teresa Fritsch joined Sienna’s leadership team as executive vice-president and chief corporate officer.
Fritsch is a seasoned executive with deep experience in the Canadian seniors living sector and joins Sienna from Chartwell Retirement Residences where she held progressive leadership and management roles for the past 17 years.
Fredettes, Sanchez join C&W in Montreal
In Montreal, Cushman & Wakefield has added Paul Fredette, Alexandre Fredette and Silvana Sanchez to its industrial team. Paul Fredette joins as senior vice-president, while Alexandre Fredette and Sanchez join as senior associates.
Paul Fredette brings more than two decades of experience in Quebec industrial real estate. During his career, he’s closed transactions from leasing industrial buildings, build-to-suit projects, sale-leaseback deals, land sales and industrial building sales.
Alexandre Fredette began his commercial real estate career in 2017, while Sanchez began her commercial real estate career in 2018 and has more than 15 years of experience in business development.
Conde takes operations role with AECOM in Calgary
Rod Conde has been appointed operations manager for AECOM’s Buildings + Places business in Calgary.
Conde is an award-winning architect with over 22 years of diverse experience, leadership and expertise. He has worked on a wide range of projects for local and international clients in the retail, light industrial, residential and institutional sectors.
Prior to joining AECOM, Conde was an associate and senior project manager with a Canadian architectural, engineering, interior design and planning firm.
He led a multi-disciplinary energy team that delivered retail projects for major oil and gas clients, including serving as team lead on an electric vehicle charger upgrade program for one of Canada’s largest integrated oil companies.
Conde also established his own architectural firm in El Salvador.
He holds a master of architecture design degree from Kingston University in London and is a certified construction contract administrator.