Carney Leaves Brookfield for Political Run, Flatt Named Chairman

Former central banker Mark Carney stepped down as chairman of Brookfield Asset Management after joining the campaign to lead the Liberal Party of Canada.

“Mark has been a tremendous partner to the firm since he joined nearly five years ago,” 59-year-old Chief Executive Officer Bruce Flatt, who has been named board chair, said in a statement, which also praised Carney’s work leading Brookfield in “the energy transition.”