Brookfield Asset Management Names Connor Teskey as New CEO

Longtime executive to take over top post as Bruce Flatt remains chairman

Published on Feb. 4, 2026

Got story updates? Submit your updates here. ›

Brookfield Asset Management, one of the world's largest alternative asset managers, has named Connor Teskey as its next chief executive officer. Teskey, who has been with the firm since 2012 and served as president since 2022, will take over the top job while Bruce Flatt remains as chairman. Flatt will also continue as CEO of Brookfield Corp., the parent company that controls the firm's real estate, infrastructure, renewable power and private equity platforms.

Why it matters

The move formalizes a long-anticipated leadership transition at Brookfield, one of the most prominent and influential investment firms globally. Teskey had been widely viewed as the heir apparent, and his appointment solidifies the next generation of leadership at the company.

The details

Teskey joined Brookfield in 2012 after previously working in corporate debt origination at a Canadian bank. He has held various investment and management roles at the firm, and in 2019 he played a key part in Brookfield's $4.8 billion acquisition of a 61% stake in Oaktree Capital Management, making Brookfield a major player in the credit market. Teskey will keep his other roles as CEO of Brookfield's Renewable Power & Transition business and head of Brookfield Renewable Partners.

  • Teskey was named Brookfield's president in 2022.
  • Flatt added the chair role at Brookfield Asset Management in 2025, following the departure of Mark Carney.

The players

Connor Teskey

The newly appointed chief executive officer of Brookfield Asset Management, who has been with the firm since 2012 and previously served as president.

Bruce Flatt

The chairman of Brookfield Asset Management and the CEO of Brookfield Corp., the parent company that controls the firm's various platforms.

Mark Carney

The former chair of Brookfield Asset Management, who left the company in 2025 to pursue Canadian politics and ultimately became prime minister.

Got photos? Submit your photos here. ›

What they’re saying

“This will set up our next generation of leaders who will guide the company in the coming decades.”

— Bruce Flatt (Wall Street Journal)

The takeaway

Brookfield's leadership transition represents a significant shift at one of the world's largest alternative asset managers, as the firm looks to the next generation of leadership to guide its continued global expansion and diversification across real estate, infrastructure, renewable power, and private equity.