Reported 25 days ago
Brookfield Asset Management has relocated its headquarters from Toronto to New York to enhance access to US stock indexes and attract a broader range of investors. This strategic move is aimed at increasing the company's visibility and aligns with the fact that the majority of its employees and revenue come from the US. While the operational structure will remain unchanged, Brookfield Corp. will also convert its unlisted stake in Brookfield Asset Management into publicly traded shares, simplifying its organizational framework and reflecting its market valuation of approximately $85 billion.
Source: YAHOO