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Briefing

Brookfield Asset Management considers moving head office to New York

The Toronto-based asset management firm told investors at a presentation Tuesday that it may register its head office in New York City to gain access to more stock indexes, in a bid to attract more investors. (The Globe and Mail) 

Briefing

Brookfield Asset Management considers moving head office to New York

By Catherine McIntyre
Sep 11, 2024
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The Toronto-based asset management firm told investors at a presentation Tuesday that it may register its head office in New York City to gain access to more stock indexes, in a bid to attract more investors. (The Globe and Mail) 

Talking point: The change wouldn’t materially affect Brookfield’s business operations. The firm—which manages about US$1 trillion in assets—would remain on the Toronto Stock Exchange and would still be taxed in Canada, and its parent company, Brookfield Corp., would stay headquartered in Toronto. The move would be part of a series of potential changes designed to increase its access to capital markets. That could include publicly trading all of its shares, nearly three-quarters of which are currently held by Brookfield Corp. in a private holding company.

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