Brookfield Asset Management

THE LEELA PALACES, HOTELS AND RESORTS LAUNCHES 'THE LEELA PALACE TRAIL' - A CURATED ITINERARY SHOWCASING THE QUINTESSENCE OF INCREDIBLE INDIA

Retrieved on: 
Tuesday, December 6, 2022
Kovalam, Culture, The Leela Palaces, Hotels and Resorts, Yoga, Raffles Hotels & Resorts, Immersion, Science, The Leela Palace Chennai, Lake Pichola, Collection, Brookfield Asset Management, Architecture, Fateh Singh of Udaipur and Mewar, Jaipur, Global Hotel Alliance, City, Diplomatic Enclave, Grandeur, Tourism, Hotel, Entertainment, Tile, Vijayanagara, Aravalli, Chanakyapuri, Leela, Resort

MUMBAI, India, Dec. 6, 2022 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts announced the launch of 'The Leela Palace Trail' - a thoughtfully curated itinerary that is a majestic celebration of India's palatial grandeur defined by its rich cultural heritage, immersive rituals and bespoke signature programing with the true graciousness of Indian hospitality.

Key Points: 
  • Explore lively city bazaars with The Leela Palace New Delhi or restore inner balance with the ancient science of Ayurveda at The Leela Kovalam .
  • Built on this ethos, The Leela Palace Trail allows for an immersive experience of everything that is quintessentially India with authenticity and grace."
  • The Leela Palace Trail is a thoughtfully crafted offering with two distinctive packages, The Leela Palace Trail and The Leela Palace Trail - Curated.
  • The brand has a marketing alliance with US-based Preferred Hotels & Resorts and is a member of the Global Hotel Alliance.

THE LEELA PALACES, HOTELS AND RESORTS LAUNCHES 'THE LEELA PALACE TRAIL' - A CURATED ITINERARY SHOWCASING THE QUINTESSENCE OF INCREDIBLE INDIA

Retrieved on: 
Tuesday, December 6, 2022
Kovalam, Culture, The Leela Palaces, Hotels and Resorts, Yoga, Raffles Hotels & Resorts, Immersion, Science, The Leela Palace Chennai, Lake Pichola, Collection, Brookfield Asset Management, Architecture, Fateh Singh of Udaipur and Mewar, Jaipur, Global Hotel Alliance, City, Diplomatic Enclave, Grandeur, Tourism, Hotel, Entertainment, Tile, Vijayanagara, Aravalli, Chanakyapuri, Leela, Resort

MUMBAI, India, Dec. 6, 2022 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts announced the launch of 'The Leela Palace Trail' - a thoughtfully curated itinerary that is a majestic celebration of India's palatial grandeur defined by its rich cultural heritage, immersive rituals and bespoke signature programing with the true graciousness of Indian hospitality.

Key Points: 
  • Explore lively city bazaars with The Leela Palace New Delhi or restore inner balance with the ancient science of Ayurveda at The Leela Kovalam .
  • Built on this ethos, The Leela Palace Trail allows for an immersive experience of everything that is quintessentially India with authenticity and grace."
  • The Leela Palace Trail is a thoughtfully crafted offering with two distinctive packages, The Leela Palace Trail and The Leela Palace Trail - Curated.
  • The brand has a marketing alliance with US-based Preferred Hotels & Resorts and is a member of the Global Hotel Alliance.

Mark Carney Appointed Chair of the Group of Thirty, Tharman Shanmugaratnam Appointed Chairman of the Board of Trustees, Jacob Frenkel Becomes Chairman Emeritus

Retrieved on: 
Thursday, December 1, 2022
G30, Bank of Israel, Brookfield Asset Management, Former, Group of Thirty, Private sector, Bank of Canada, Development, Bank, Research, JPMorgan Chase, Management, Renewable energy, Trustee

New York, Dec. 1, 2022 /PRNewswire-PRWeb/ -- The Group of Thirty (G30) today announced the succession of its leadership. Mark Carney, Chair of Brookfield Asset Management and former Governor of the Bank of England and Bank of Canada, will become Chair of the Group of Thirty. Tharman Shanmugaratnam, Senior Minister and former Deputy Prime Minister of Singapore, upon completing his five-year term as Chairman of the Group of Thirty, will be appointed Chairman of the Board of Trustees. Both terms will run for five years. Jacob A. Frenkel, Former Chairman of JPMorgan Chase International and former Governor of the Bank of Israel, after serving as Chairman of the Board of Trustees from 2012-2022 and previously as Chairman of the Group of Thirty from 2000-2011, will become Chairman Emeritus. All of these changes will take effect on January 1, 2023.

Key Points: 
  • Mark Carney, Chair of Brookfield Asset Management and former Governor of the Bank of England and Bank of Canada, will become Chair of the Group of Thirty.
  • Tharman Shanmugaratnam, Senior Minister and former Deputy Prime Minister of Singapore, upon completing his five-year term as Chairman of the Group of Thirty, will be appointed Chairman of the Board of Trustees.
  • It is with great pleasure that the Group of Thirty's Board of Trustees has appointed Mark Carney to succeed Tharman as Chair of the Group.
  • He added: "I would like to thank and salute Jacob Frenkel and Tharman Shanmugaratnam, who have led the Group with such distinction, insight, and aplomb."

Brookfield Asset Management Selects AWS to Enhance Its Renewable Energy Operations

Retrieved on: 
Wednesday, November 30, 2022
Technology, Electronic Commerce, Professional Services, Data Analytics, Wearables, Mobile Technology, Utilities, IOT (Internet of Things), Alternative Energy, Energy, Green Technology, Software, Internet, Environment, Data Management, Finance, Fintech, Artificial Intelligence, BAM, Perfect 10, Inc. v. Amazon.com, Inc., Brookfield Renewable Partners, IOT, Walk Out, Carbon, Risk, BEP, S3, Brookfield Asset Management, Kindle Direct Publishing, Wind, Artificial intelligence, Solar energy, Amazon Web Services, Professional, AMZN, Amazon S3, Augmented reality, Amazon Studios, VR, Energy, MSP, BEPC, Machine learning, Partnership, Amazon Fire TV, Electricity, AWS, NYSE, Kilowatt-hour, Safety, Internet of things, Climate, TSX, Climate Pledge Arena, Alexa, Thought, Sustainable Energy Utility, AR, Amazon Echo, Amazon Redshift, Renewable energy, Asset management, Kindle, Fire, Amazon

In addition to its agreement with AWS, Brookfield Renewable, a subsidiary of Brookfield Asset Management and one of the worlds largest publicly traded renewable power platforms, will provide 601.6 megawatts (MW) of clean wind and solar energy capacity to power Amazons operations in Europe, North America, and India.

Key Points: 
  • In addition to its agreement with AWS, Brookfield Renewable, a subsidiary of Brookfield Asset Management and one of the worlds largest publicly traded renewable power platforms, will provide 601.6 megawatts (MW) of clean wind and solar energy capacity to power Amazons operations in Europe, North America, and India.
  • In return, Brookfield Renewable will provide renewable power to Amazon on three continents, which will help Amazon stay on path to power its operations with 100% renewable energy.
  • Together with Brookfield Asset Management, we are advancing the use of renewable energy around the globe, said Howard Gefen, general manager of Energy & Utilities at AWS.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately $750 billion of assets under management.

Brookfield Infrastructure Renews Its Normal Course Issuer Bids

Retrieved on: 
Monday, November 28, 2022
TSX, Partnership, Brookfield Infrastructure Partners, Unit, Maintenance, NYSE, Bermuda, Brookfield Asset Management, BIP, Public expenditure, Security (finance)

Repurchases under each normal course issuer bid are authorized to commence on December 1, 2022 and each normal course issuer bid will terminate on November 30, 2023, or earlier should BIP or BIPC, as applicable, complete its repurchases under its respective normal course issuer bid prior to such date.

Key Points: 
  • Repurchases under each normal course issuer bid are authorized to commence on December 1, 2022 and each normal course issuer bid will terminate on November 30, 2023, or earlier should BIP or BIPC, as applicable, complete its repurchases under its respective normal course issuer bid prior to such date.
  • BIP did not repurchase any LP Units or Preferred Units under its previous normal course issuer bid in the past twelve months.
  • BIPC did not repurchase any Exchangeable Shares under its previous normal course issuer bid in the past twelve months.
  • Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over U.S. $750 billionof assets under management.

Brookfield Reinsurance Announces Record Date for the Special Distribution

Retrieved on: 
Tuesday, November 22, 2022
BAM, Perception, Partner, Toronto Stock Exchange, TSX, NEWS, Insurance, Date, Prospectus, Management, NYSE, Corporation, Brookfield Asset Management, New York Stock Exchange, Security (finance), Reinsurance

BROOKFIELD, NEWS, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BAMR) (Brookfield Reinsurance or the Company) today announced that it has set a distribution record date of December 2, 2022 (the Record Date) for the previously announced special distribution (the Special Distribution) of shares of Brookfield Asset Management Ltd. (the Manager shares) to the holders of its class A exchangeable limited voting shares (Brookfield Reinsurance Class A Shares) and class B limited voting shares (Brookfield Reinsurance Class B Shares).

Key Points: 
  • BROOKFIELD, NEWS, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BAMR) (Brookfield Reinsurance or the Company) today announced that it has set a distribution record date of December 2, 2022 (the Record Date) for the previously announced special distribution (the Special Distribution) of shares of Brookfield Asset Management Ltd. (the Manager shares) to the holders of its class A exchangeable limited voting shares (Brookfield Reinsurance Class A Shares) and class B limited voting shares (Brookfield Reinsurance Class B Shares).
  • If the Brookfield Arrangement is completed, Brookfield Reinsurance intends to undertake the Special Distribution on or about December 9, 2022, being the expected effective date of the Brookfield Arrangement.
  • Pursuant to the Special Distribution, holders of Brookfield Reinsurance Class A Shares and Brookfield Reinsurance Class B Shares as of the Record Date, which is also the record date for the Brookfield Arrangement, will be entitled to receive one (1) Manager share for every four (4) Brookfield Reinsurance Class A Shares or Brookfield Reinsurance Class B Shares held as of the Record Date, while retaining their shares of Brookfield Reinsurance.
  • At a special meeting of shareholders of Brookfield Reinsurance on November 9, 2022, holders of Brookfield Reinsurance Class A Shares and Brookfield Reinsurance Class B Shares approved a resolution authorizing the payment of the Special Distribution by way of a capital reduction resulting in a return of capital.

Shore Capital Partners Recognizes Promotions and Welcomes Several New Hires to the Firm

Retrieved on: 
Tuesday, November 15, 2022
Small Business, Other Professional Services, Professional Services, Finance, Investment, Head, Continual improvement process, Brookfield Asset Management, Senior, Salmon Portland Chase Halle, Partner, Resource, Corporate services, Burford Capital, Health care, Real estate, Kirkland & Ellis, Capital market, Privatization fund, Growth, APriori Capital Partners, Risk, Food, General counsel, Bank, Management, Kirkland

Shore Capital Partners (Shore or Shore Capital), a private equity firm focused on microcap investing, today announced several team promotions and new hires, including the appointment of Justin Bentley as Partner and Head of Capital Markets, Brian Tracy as Head of Investor Relations, and Sarah Gabriel as Chief People Officer.

Key Points: 
  • Shore Capital Partners (Shore or Shore Capital), a private equity firm focused on microcap investing, today announced several team promotions and new hires, including the appointment of Justin Bentley as Partner and Head of Capital Markets, Brian Tracy as Head of Investor Relations, and Sarah Gabriel as Chief People Officer.
  • Brian Tracy joins Shore as Head of Investor Relations, responsible for leading the firms capital raising and investor relations efforts.
  • Shore Capital Partners, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services, and Real Estate industries.
  • Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders.

Closed Loop Partners and Brookfield Partner to Launch Circular Services, the Leading Developer of Circular Economy Infrastructure in the United States

Retrieved on: 
Tuesday, November 15, 2022
Circular economy, Growth, Glass, CLP, Goal, Environment, City, Solution, Critical Ecosystem Partnership Fund, NEW, Carbon, Brookfield Asset Management, Center, Fund, Investment, Recycling, Wind, Textile, Electronics, Waste management, CEO, Risk, Transition, Off the Grid (food organization), Brookfield Renewable Partners, Paper, GHG, Renewable energy, Financial services

NEW YORK, Nov. 15, 2022 /PRNewswire/ -- Closed Loop Partners (CLP) and Brookfield Renewable ("Brookfield") officially announce the establishment of Circular Services, a leading developer of circular economy and recycling infrastructure in the United States. Circular Services owns and operates municipal recycling facilities across the U.S. that enable municipalities and businesses to eliminate the billions of dollars spent annually on landfill disposal costs by ensuring that valuable commodities are recycled and reused in domestic supply chains.

Key Points: 
  • With up to $700M investment from Brookfield, Circular Services will expand circular economy infrastructure and services to municipalities and businesses
    NEW YORK, Nov. 15, 2022 /PRNewswire/ -- Closed Loop Partners (CLP) and Brookfield Renewable ("Brookfield") officially announce the establishment of Circular Services, a leading developer of circular economy and recycling infrastructure in the United States.
  • Closed Loop Partners is also including the Partnership Fund for New York City as an investor in Circular Services.
  • "Circular Services is building circular economy infrastructure that will serve the financial and environmental interests of cities, consumers, businesses.
  • We look forward to working with Closed Loop Partners, clear leaders in the circular economy sector, to support Circular Services to scale up its impact across the United States."

SEC Announces Departure of Chief of Staff Prashant Yerramalli and Appointment of Amanda Fischer to the Role

Retrieved on: 
Monday, November 7, 2022
Jenner & Block, Wilmer Cutler Pickering Hale and Dorr, Division, Enforcement, Hon, Staff, Brown University, Leadership, Housing, Brookfield Asset Management, Professional Staff Congress, Financial services, Commissioner, Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo, Commission, House Committee, SEC, Capitol Hill, Public policy, Washington Center, U.S. Securities and Exchange Commission, Prashant, Professional, United States Senate Committee on Banking, Housing, and Urban Affairs, Time, United States House Committee on Financial Services, Policy, Harvard Law School, Amanda, Georgetown University, University, United States Senate Committee on Commerce, Science, and Transportation, Judgement, Security (finance), Buffalo, Public relations, Financial adviser

Amanda Fischer, currently Senior Counselor to Chair Gary Gensler, will be appointed Chief of Staff, effective upon Mr. Yerramallis departure.

Key Points: 
  • Amanda Fischer, currently Senior Counselor to Chair Gary Gensler, will be appointed Chief of Staff, effective upon Mr. Yerramallis departure.
  • Working with Prashant has been a joy, and his many contributions to the SEC have made our markets stronger.
  • Amanda has been one of my most trusted advisers both since joining the SEC and during the Biden-Harris transition, Gensler added.
  • I thank Prashant for his service to the SEC, said Ms. Fischer.

Brookfield Infrastructure to Issue $700 Million of Medium-Term Notes

Retrieved on: 
Thursday, November 10, 2022
GLOBE, BIP, BMO Capital Markets, NOT, FOR, TD Securities, NYSE, Brookfield Infrastructure Partners, RBC Capital Markets, Brookfield Asset Management, Partnership, Sale, Person, TD, Scotiabank, News, Public expenditure, Bermuda, Maintenance, Note, TSX, NEWS, Security (finance), Asset management

BROOKFIELD, NEWS, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that it has agreed to sell $700 million aggregate principal amount of medium-term notes (the “Notes”), comprised of $450 million aggregate principal amount of Series 11 Notes, due November 14, 2027, which will bear interest at a rate of 5.616% per annum, payable semi-annually and $250 million aggregate principal amount of Series 12 Notes, due February 14, 2033, which will bear interest at a rate of 5.980% per annum, payable semi-annually. A subsidiary of Brookfield Infrastructure, Brookfield Infrastructure Finance ULC will be the recipient of the net proceeds and have primary responsibility for the payment of principal and interest on the Notes. The Notes will be fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.

Key Points: 
  • A subsidiary of Brookfield Infrastructure, Brookfield Infrastructure Finance ULC will be the recipient of the net proceeds and have primary responsibility for the payment of principal and interest on the Notes.
  • The Notes will be fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.
  • Brookfield Infrastructure intends to use the net proceeds from the sale of the Notes to refinance existing indebtedness.
  • Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over US$750 billion of assets under management.