Bruce Flatt earned a business degree from the University of Manitoba in Canada. Bruce was trained as an accountant at Clarkson, Gordon and Company, which is now part of Ernst & Young. He joined Brookfield in 1990 and held various leadership roles as he climbed the corporate ladder. From 1995 to April 2000 he served as President and Chief Operating Officer of Brookfield Properties Corporation. Then from April 2000 to February 2002 he was the President and Chief Executive Officer at Brookfield Properties Corporation.
Bruce finally got the top post on February 2002 when he became the Chief Executive Officer at Brookfield Asset Management, Inc. Since April 2001 he has been a Director of the company and its Senior Managing Partner since 2002.
In relation to his position he has been the Chairman and Director of General Growth Properties Inc., since November 2010. Bruce also serves as the Chairman of Carma Corp. He served as the Chairman of Brookfield Residential Properties, Inc. from October 2002 to May 2007. Bruce served as Director of Brookfield Residential Properties Inc from October 2002 to August 11, 2010.
The company that Bruce leads is over a hundred years old. Brookfield Asset Management, Inc. is an asset management company based in Canada that manages a worldwide portfolio with total assets under management of over $200 billion. This is invested on behalf of clients and the firm concentrates its assets in property, renewable energy, infrastructure and private equity.
Interestingly enough the company which was founded in 1899 was actually not focused on Canada but was a builder and operator of electricity and transport infrastructure in Brazil. In fact the company’s former name “Brascan” reflected its history (“Brasil" + “Canada”).
As stated by Brookfield their business model is simple: utilize its global reach to identify and acquire high quality real assets at favorable valuations, finance them on a long-term, low-risk basis, and enhance cashflows and values of these assets through its leading operating platforms to earn reliable, attractive long-term total returns for the benefit of its partners and Brookfield.
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