Brookfield Asset Management Inc., Canada’s biggest manager of alternative assets, appointed Craig Noble chief executive officer of the company’s public-market business.
Noble, who is the unit’s co-chief investment officer and head of its global infrastructure securities business, replaces Kim Redding at the helm of Brookfield Investment Management, a New York-based registered investment adviser, according to a statement today. The business manages Brookfield’s global listed real estate and infrastructure equities, high-yield investments, opportunistic credit strategies and insurance asset management.
Redding, who was named chief investment strategist of Brookfield Asset Management, will continue to be the public market unit’s co-CIO and chairman of its investment committee, Brookfield said.
Brookfield Asset Management, based in Toronto, oversees more than $175 billion in real estate, power, infrastructure and private-equity assets. Brookfield Investment Management has more than $10 billion of assets under management.
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