Three named to Brookfield board

Brookfield Asset Management (BAM) has named three people to the board of its flagship infrastructure fund, according to a press release from the Toronto-headquartered alternative investment manager.

 

John Fees, Donald Mackenzie and Rafael Miranda Robredo were appointed to the board of Brookfield Infrastructure Partners (BIP), a publicly listed partnership traded on the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE).

 

Infrastructure Investor could not determine if each appointment reflected a newly created board position. Brookfield did reveal real estate executive Lou Maroun and investor Lars Rodert, who were both named to the BIP board in 2010, were “stepping off”. Brookfield spokesman Andrew Willis did not respond to a voicemail message seeking comment.

 

Fees is chairman of the Babcock & Wilcox Company, Mackenzie is chairman and owner of New Venture Holdings and Robredo is chairman of the Endesa Foundation.

 

BAM, with C$175 billion ($170 billion; €131 billion) under management, is general manager to BIP. In March, Infrastructure Investor reported Brookfield was raising a $5 billion infrastructure fund, named Brookfield Infrastructure Fund II.