(Bloomberg) — Former central bank governor Mark Carney has resigned as chairman of Brookfield Asset Management after joining the Liberal Party of Canada leadership race.
“Mark has been a great partner to the company since joining us approximately five years ago,” CEO Bruce Flatt, 59, who was named chairman of the board, said in a statement. He also praised Mr. Carney’s achievements. “Energy transformation”.
Mr. Carney, also 59, said at a news conference in Edmonton, Alberta, that he had resigned from all corporate positions, including chairman of Bloomberg, to focus on politics. His resignation means he will no longer be Brookfield’s head of transition investments.
Mr. Carney has been building the company’s transition investment business, while Renewable Energy CEO Connor Teskey has been in day-to-day management for the past four years, according to people familiar with the matter. The company does not plan to name a new head of transition investments, the person said, speaking on condition of anonymity due to confidential matters.
Mr. Carney previously served as governor of the Bank of England and the Bank of Canada.
In September, Conservative Party of Canada Leader Pierre Poièvre attacked Mr. Carney for agreeing to support Justin Trudeau on economic policy, and went on to criticize Mr. Brookfield.
Before traveling the world in the financial industry, Mr. Carney grew up in Edmonton, where his family immigrated from the remote Northwest Territories. Carney’s father ran unsuccessfully for the Liberal Party in Edmonton in 1980.
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