Brookfield Asset Management Appoints Niel Thassim as Head of Its Asia Private Funds Group

HONG KONG, CHINA--(Marketwire - Feb. 14, 2013) - Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) is pleased to announce that Niel Thassim has joined the company as head of Asia for the Private Funds Group, based in Hong Kong. In this role, Mr. Thassim will drive fundraising for Brookfield's private fund offerings and develop and maintain relationships with leading investors in the region.

Mr. Thassim most recently served as a Managing Director and the head of RREEF's Asia-Pacific Real Estate business. Prior to this, he held senior roles within RREEF and Deutsche Bank in Australia, London and Singapore. Mr. Thassim also held executive positions with Coopers & Lybrand, Bankers Trust, Credit Suisse First Boston and Colonial First State Investments in Australia and the United Kingdom.

"Brookfield has strong historic ties to Asian investors and we are delighted that Niel has joined the firm to build on our franchise in this dynamic region," said Leo van den Thillart, Managing Partner in Brookfield's Private Funds Group. "Niel has proven experience in alternative asset management and his solid institutional and consultant relationships will be integral to establishing lasting partnerships between Brookfield and our clients."

"I am excited to be joining Brookfield, as the firm has an outstanding track record and provides unique global investment opportunities to Asian institutions, which are increasingly seeking top performing asset managers," said Mr. Thassim.

With over 100 years of experience as an owner and operator of real assets, Brookfield offers an array of real estate, infrastructure and private equity investment products and services. Brookfield aims to deliver reliable, attractive, long-term total returns for the benefit of its clients by creating value through active management.

Brookfield Asset Management Inc. is a global alternative asset manager with approximately $150 billion in assets under management. The company has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. Brookfield has a range of public and private investment products and services, which leverage our expertise and experience and provide us with a competitive advantage in the markets where we operate. Brookfield is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM and BAM.A, respectively, and on NYSE Euronext under the symbol BAMA.