Bruce Flatt

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Bruce Flatt
Bruce Flatt Headshot.jpg
Born (1965-06-10) June 10, 1965 (age 59)
Winnipeg, Manitoba, Canada
Education University of Manitoba (BComm)
Occupation CEO of Brookfield Asset Management
SpouseLonti Ebers
Website www.brookfield.com/about-us/leadership/bruce-flatt

Bruce Flatt (born June 10, 1965) [1] is a Canadian businessman and the CEO of Brookfield Asset Management. He joined Brookfield in 1990 and became CEO in 2002. [2] He has been referred to as "Canada's Warren Buffett" due to his "value" investment style, extended tenure as CEO, and large investment in Brookfield. [3] In 2022, he was ranked #622 on Forbes' Billionaires list with a net worth of US$4.5 billion. [4] [5]

Contents

Career

Flatt, whose father was an executive at a Manitoba mutual fund company, [6] was born in Canada in 1965. Following university, Flatt worked as a chartered accountant at Clarkson Gordon. [2] Flatt joined the investment division of Brascan (Brookfield's predecessor) in 1990, [2] [7] became chief executive of Brookfield Properties in 2000 [3] and CEO of the entire business in 2002. [2] At the time, Brascan was a major client of the accounting firm where he trained.

As CEO of Brookfield Properties, Flatt led Brookfield's response to damage caused by the September 11, 2001 attacks in Lower Manhattan. [8] [9] Under Flatt, Brookfield became the second largest alternative-asset manager in the world, following the acquisition of a majority stake in Oaktree Capital Management in 2019. [10]

Flatt and a group of partners own 20% of Brookfield, individually and through a company called Partners Limited. [11]

Recognition

Flatt was named CEO of the Year by The Globe and Mail in 2017, [12] 60th in a list of the top 100 best-performing CEOs published by Harvard Business Review in 2018, [13] and one of Bloomberg's 50 people who defined global business in 2019. [10]

Personal life

Flatt is married to art collector Lonti Ebers, who is the founder of a non-profit organization, Amant, and a trustee and patron of New York City's Museum of Modern Art. [14] [15] [16]

He was educated at Grant Park High School and holds a bachelor's degree in accounting from the University of Manitoba. [1] [17]

Flatt lives in Toronto, London and New York City. [6] [7]

References

  1. 1 2 Shah, Oliver (May 7, 2023). "Brookfield's Bruce Flatt: A recession will help bring people back to their senses" . The Sunday Times. Archived from the original on May 6, 2023.
  2. 1 2 3 4 "Bruce Flatt of Brookfield on owning the backbone of the global economy". Financial Times . Archived from the original on June 23, 2020. Retrieved October 31, 2018.
  3. 1 2 Morrissey, Janet (December 18, 2010). "Bruce Flatt Pushes Growth for Brookfield Asset Management". New York Times. Archived from the original on July 29, 2020. Retrieved October 31, 2018.
  4. ↑ "#1717 Bruce Flatt". Forbes. Archived from the original on December 10, 2019. Retrieved March 12, 2020. Net Worth Over Time - $1.3B - Billionaires March 2019
  5. ↑ "Profile: Bruce Flatt". Forbes . Archived from the original on August 21, 2017. Retrieved January 20, 2022.
  6. 1 2 Gara, Antoine (May 2, 2017). "Brookfield's Bruce Flatt: Billionaire Toll Collector Of The 21st Century". Forbes. Archived from the original on May 2, 2017. Retrieved December 26, 2021.
  7. 1 2 Reguly, Eric (November 23, 2017). "CEOs of the Year: How Bruce Flatt and the Brookfield four built Canada's most successful international player". The Globe and Mail . Retrieved February 23, 2022.
  8. ↑ Simon, Bernard (September 23, 2001). "Private Sector; A Landlord at Disaster's Margin". New York Times. Archived from the original on July 20, 2018. Retrieved March 11, 2020.
  9. ↑ Daly, John (January 31, 2003). "The Toughest SOBs in Business". ROB Magazine. Globe and Mail. Retrieved March 11, 2020.
  10. 1 2 Deveau, Scott (December 4, 2019). "Bruce Flatt, the Accountant on a Spending Spree". Bloomberg Businessweek. Archived from the original on March 9, 2020. Retrieved January 19, 2020.
  11. ↑ Brookfield Asset Management Inc. (June 14, 2019). "2019 Management Information Circular". Securities and Exchange Commission . Retrieved February 23, 2022.
  12. ↑ Reguly, Eric (November 23, 2017). "Meet our bargain-hunting, globe-trotting, skyline-dominating, ruthlessly smart CEOs of the Year". The Globe and Mail. Archived from the original on May 1, 2019. Retrieved January 19, 2020.
  13. ↑ "The Best-Performing CEOs in the World 2018". Harvard Business Review. November 1, 2018. Archived from the original on October 1, 2019. Retrieved October 29, 2018.
  14. ↑ arielhauter (September 10, 2017). "Lonti Ebers". ARTnews. Archived from the original on February 6, 2020. Retrieved February 6, 2020.
  15. ↑ Loos, Ted (May 4, 2021). "An Arts Patron Widens Her Reach With a Brooklyn Museum". The New York Times. ISSN   0362-4331 . Retrieved January 20, 2022.
  16. ↑ "Officers and trustees | MoMA". The Museum of Modern Art. Retrieved January 20, 2022.
  17. ↑ Crabill, Steven (April 6, 2022). "Brookfield billionaire reveals the secret behind its 3700pc return". Australian Financial Review . Archived from the original on April 5, 2022.
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