Brookfield Asset Management elevates ex-Goldman banker Peer Marshall to CFO

financialpost.com:

Brookfield Asset Management Ltd. appointed Hadley Peer Marshall as its chief financial officer, making her one of the most senior women in the executive suite at the Canadian investment firm.

She’ll replace Bahir Manios, who’s exiting the company after about 20 years and has been in his current role since 2022. Peer Marshall will continue as co-head of Brookfield’s infrastructure debt group in addition to her new responsibilities.

“Hadley has deep experience and knowledge of our business and operations,” president Connor Teskey said in a statement Tuesday. “Her acumen, energy and investor-focused perspective are ideally suited to advancing our position as a world-class asset manager.”

The decision is effective May 31.

Prior to joining Brookfield in 2015, Peer Marshall held a senior position in the project finance and infrastructure group at Goldman Sachs Group Inc.

Manios — who has been Brookfield Asset’s chief financial officer since it was spun out of parent Brookfield Corp. in 2022 — will retire from the firm, according to the statement. He has held several roles within Brookfield, including chief financial officer of the infrastructure unit and chief investment officer of Brookfield Reinsurance.

“We think the retirement of Mr. Manios was unexpected, in part given his age (he is approximately 45) and the relatively short duration of his tenure as CFO,” RBC Capital Markets analyst Geoffrey Kwan said in a note.

Brookfield has set in motion succession plans on a number of its units, including elevating Teskey to president of the asset manager — a role that makes him a potential successor to Bruce Flatt, chief executive of both the asset manager and its parent company.

“I will become an executive chairman at some point,”