Brookfield Asset Management Inc.
NYSE : BAM
EURONEXT : BAMA
TSX : BAM.A

Brookfield Asset Management Inc.

May 11, 2009 05:00 ET

Brookfield Asset Management Appoints Managing Partner, Private Institutional Equity

TORONTO, ONTARIO--(Marketwire - May 11, 2009) - Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) today announced the appointment of Leo van den Thillart to the position of Managing Partner, Private Institutional Equity, effective June 1, 2009. Mr. van den Thillart is a senior executive with significant experience in building and managing a funds placement business. He also has strong expertise in international marketing in the alternative investments space.

Mr. van den Thillart's responsibilities at Brookfield Asset Management will include managing the client relationship and fund operations group, implementing fundraising strategies and managing private equity institutional relationships, which he will carry out from Brookfield's London offices.

Mr. van den Thillart was previously Senior Managing Director and Global co-Head of the Private Funds Group at Bear Stearns & Co., J.P. Morgan. Based in London, he was responsible for the overall strategic and operational management of an international advisory and placement businesses with offices in London, Munich, New York, Toronto, San Francisco and Melbourne. The team he led placed billions of dollars from international investors in private equity, real estate and real asset funds. Mr. van den Thillart was also the Vice-Chairman and Executive Director of Crane Capital Associates, Inc, a leading global private equity firm he helped co-found in London in 1997 and where he worked for a decade.

"We are very pleased that Leo has accepted to join the Brookfield team," said Jeff Blidner, Senior Managing Partner at Brookfield Asset Management. "His accomplishments and experience base, as well as his network of deep institutional relationships make him an ideal candidate to run our private institutional equity activities."

"Brookfield has an outstanding reputation as an asset manager," said Leo van den Thillart. "Its focus on real assets and its operational capability make it extremely well positioned to meet the needs of investors in the current market environment. I am thrilled to join the organization at this juncture, and look forward to working with a dynamic institutional equity group as we pursue opportunities to grow the business."

Brookfield Asset Management Inc., is a global asset management company focused on property, power and infrastructure assets, has approximately $80 billion of assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM and on NYSE Euronext under the symbol BAMA. For more information, please visit our web site at www.brookfield.com.

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