Brookfield and Investment Corporation of Dubai Announce Appointment of Douglas Kirkman in Dubai
26 Februar 2013 - 7:04PM
Marketwired
Brookfield Asset Management Inc.
(TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) and Investment Corporation of
Dubai announced today that they have appointed Douglas Kirkman,
Senior Vice President of the Brookfield Property Group, as chief
executive officer of ICD-Brookfield Management Limited, which will
be the manager of the ICD-Brookfield Dubai Real Estate Fund (under
formation). He will be based in Dubai.
Prior to assuming his current position, Mr. Kirkman worked for
the Blackstone Group, where he helped set up their Indian real
estate business and led their drive into Turkey, among his other
responsibilities in their European principal investing
activities.
The ICD-Brookfield Dubai Real Estate Fund, once formed, will
pursue opportunities in the Dubai real estate sector with a
particular focus on development opportunities. The manager of the
Fund is jointly owned by Brookfield Asset Management and Investment
Corporation of Dubai.
Investment Corporation of Dubai is the investment arm of the
government of Dubai and holds stakes in more than 30 companies,
including Emaar Properties, developer of the world's largest mall
and tallest tower, and Emirates Airlines.
Brookfield Asset Management Inc. is a global alternative asset
manager with over $175 billion in assets under management. The
company has over a 100-year history of owning and operating assets
with a focus on property, renewable power, infrastructure and
private equity. It has a range of public and private investment
products and services, which leverage its expertise and experience
and provide Brookfield with a competitive advantage in the markets
where it operates. Brookfield is co-listed on the New York and
Toronto stock exchanges under the symbol BAM and BAM.A,
respectively, and on NYSE Euronext under the symbol BAMA. For more
information, please visit our website at www.brookfield.com.
Forward-Looking Statements
Note: This news release contains forward-looking information
within the meaning of Canadian provincial securities laws and
"forward-looking statements" within the meaning of Section 27A of
the U.S. Securities Act of 1933, as amended, Section 21E of the
U.S. Securities Exchange Act of 1934, as amended, "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995 and in any applicable Canadian securities
regulations. The words "considering" and "intends" and derivations
thereof and other expressions that are predictions of or indicate
future events, trends or prospects and which do not relate to
historical matters identify forward-looking statements.
Forward-looking statements in this news release include statements
in regards to the proposed offering and the use of proceeds from
the offering described in this news release. Although Brookfield
Asset Management believes that such forward-looking statements and
information are based upon reasonable assumptions and expectations,
the reader should not place undue reliance on forward-looking
statements and information as such statements and information
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the company to differ materially from anticipated future results,
performance or achievement expressed or implied by such
forward-looking statements and information.
Factors that could cause actual results to differ materially
from those contemplated or implied by forward-looking statements
include: economic and financial conditions in the countries in
which we do business; the behaviour of financial markets, including
fluctuations in interest and exchange rates; availability of equity
and debt financing; and other risks and factors detailed from time
to time in the company's form 40-F filed with the Securities and
Exchange Commission as well as other documents filed by the company
with the securities regulators in Canada and the United States
including the company's most recent Management's Discussion and
Analysis of Financial Results under the heading "Business
Environment and Risks."
We caution that the foregoing list of factors that may affect
future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to
Brookfield Asset Management, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. Except as required by law, the company undertakes
no obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, as a result of
new information, future events or otherwise.
Contacts: Investment Corporation of Dubai Abdulla Al Qubaisi
Operations Director +97147071344 +97147071444
(FAX)abdulla.alqubaisi@icd.gov.ae Brookfield Asset Management Inc.
Andrew Willis SVP, Communications and Media (416) 369-8236 (416)
363-2856 (FAX)andrew.willis@brookfield.com Brookfield Asset
Management Inc. Katherine Vyse SVP, Investor Relations (416)
369-8246 (416) 363-2856 (FAX)katherine.vyse@brookfield.com
www.brookfield.com
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