Brookfield Asset Management Inc.

Brookfield Asset Management Inc.

March 07, 2010 19:06 ET

Brookfield Asset Management Appoints Jeff Kendrew as Chief Development Officer of Its Global Infrastructure Platform

TORONTO, ONTARIO--(Marketwire - March 7, 2010) - Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) is pleased to announce that Jeff Kendrew has joined the firm as Chief Development Officer of its global infrastructure platform. Prior to his appointment, Mr. Kendrew served as Managing Director and Chief Executive Officer of Prime Infrastructure (ASX:PIH), which he oversaw during Brookfield's sponsorship of its recapitalization and restructuring in November 2009. As of December 31, 2009, Brookfield manages approximately $15 billion of infrastructure assets across multiple sectors, including transportation (ports, rail lines), utilities (electrical and natural gas transmission), and timberlands. 

"We are very pleased to welcome Jeff as a senior executive of our infrastructure team," said Sam Pollock, Senior Managing Partner of Brookfield and head of its infrastructure group. "His extensive operating experience in the infrastructure industry, with particular focus on the power sector, is an excellent fit with the significant opportunities that we see as we continue to grow our infrastructure platform."

Mr. Kendrew will be based in Brookfield's offices in Sydney, Australia.

About Brookfield Asset Management

Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$90 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on NYSE Euronext under the symbol BAMA. For more information, please visit the Company's website at

Forward-looking Statements

Note: This news release may contain forward-looking information within the meaning of Canadian provincial securities laws and "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words "focus", "see", "grow" and derivations thereof and other expressions are predictions of or indicate future events, trends or prospects or identify forward-looking statements. Forward-looking statements in this news release include statements in regards to the growth opportunities of the company's infrastructure platform. Although Brookfield Asset Management believes that its anticipated future results, performance or achievements expressed or implied of such assets by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: economic and financial conditions in the countries in which we do business; the behaviour of financial markets, including fluctuations in interest and exchange rates; availability of equity and debt financing; strategic actions including dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; tenant renewal rates, availability of new tenants to fill office property vacancies, tenant bankruptcies, adverse hydrology conditions; regulatory and political factors within the countries in which the company operates; acts of God, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments including terrorist acts; changes in accounting policies to be adopted under International Financial Reporting Standards and other risks and factors detailed from time to time in the company's form 40-F filed with the Securities and Exchange Commission as well as other documents filed by the company with the securities regulators in Canada and the United States including the company's most recent Management's Discussion and Analysis of Financial Results under the heading "Business Environment and Risks."

We caution that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Brookfield Asset Management, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, as a result of new information, future events or otherwise.

For more information, please visit our web site at

Contact Information

  • Investors
    Brookfield Asset Management Inc.
    Katherine Vyse, SVP, Investor Relations and Communication
    (416) 369-8246
    (416) 363-2856 (FAX)
    Brookfield Asset Management Inc.
    Denis Couture, SVP, Corporate and International Affairs
    (416) 956-5189
    (416) 363-2856 (FAX)