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Brookfield Asset Management (BAM-T) has completed a transition process which has been ongoing for the past several years, with Connor Teskey’s appointment as chief executive officer being approved by its board of directors. He succeeds longtime CEO Bruce Flatt.
Tuesday’s announcement states Flatt will remain with BAM as chairman of the board, in addition to his role as chief executive officer of Brookfield Corporation, the parent of Brookfield's group of companies and entities.
Brookfield Asset Management is one of the world’s largest alternative asset managers, headquartered in New York, with over $1 trillion of assets under management. The announcement about Teskey and Flatt was contained in a release about BAM’s Q4 2025 financial report, which the company called “the strongest results since listing.”
Teskey is also the head of Brookfield’s Renewable Power & Transition group, responsible for investments and operations across a range of energy infrastructure investments, and remains a member of Brookfield’s executive committee.
“Today’s announcement is the next step in the succession process we started four years ago,” Flatt said in the announcement. “This will set up our next generation of leaders who will guide the company in the coming decades. Connor is an exceptional leader who embodies Brookfield’s culture of collaboration, innovation, and discipline.
“The entire senior management team is thrilled to work with him as he assumes this role and takes BAM to new levels of success.”
Teskey joined Brookfield in 2012 and has held a variety of increasingly senior investment and management roles. He added the presidency of BAM to his role with Brookfield Renewable Power & Transition in 2022.
Prior to Brookfield, he worked in corporate debt origination at a Canadian bank.
He holds a bachelor of business administration degree from the University of Western Ontario.
Teskey commented in the release on the company’s financial results, noting: “2025 was another record year for our business — across each of fundraising, deployment, and monetizations. Our fee-bearing capital grew to over $600 billion, with 22 per cent year-over-year growth in fee-related earnings and 14 per cent growth in distributable earnings.
“Looking ahead, we will have key flagship strategies in the market and a growing suite of complementary offerings, positioning us to drive sustained growth across multiple channels. This confidence supports our decision to increase our dividend by 15 per cent.”
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