NEW YORK, NY—July 20, 2011—Brookfield Investment Management Inc. has announced the appointment of Mr. Raymond Crosby to its Insurance Asset Management team, based in New York.
Mr. Crosby, CFA, joins the investment team as a Director and Portfolio Manager, bringing more than 13 years of industry experience to the position. Most recently, Mr. Crosby was with Conning Asset Management, where he was responsible for managing over $1 billion of insurance client investments. His prior experience also includes roles with Genworth Financial, GE Asset Management, Managers Investment Group and Scudder Kemper Investments.
Mr. Kim Redding, Brookfield Investment Management Inc.’s Chief Executive Officer, said, “I am pleased to announce the addition of Raymond to our team and welcome him to the Brookfield organization. Raymond has an impressive background of industry experience that we believe will contribute meaningfully to our insurance asset management business. We look forward to continuing to serve the specialized financial needs of the insurance industry with a strong and growing investment team.”
Brookfield’s Insurance Asset Management group has managed customized insurance client portfolios for over 20 years and currently has $9.8 billion in insurance assets under management1. The Insurance Asset Management group provides comprehensive investment management, insurance investment strategy analysis and investment accounting for its insurance company clients.
Mr. Crosby’s appointment follows the recent additions of Mr. Mark Whitford and Mr. Cesar Avila to the Insurance Asset Management team.
Brookfield Investment Management Inc., is a global investment manager focused on specialized equity and fixed income securities investments. The firm is a subsidiary of Brookfield Asset Management Inc., a leading global asset manager with over $150 billion in assets under management as of March 31, 2011 and over 100 years of experience in the property, power, and infrastructure industries. The combination of access to this operational experience along with the breadth of our product offerings and depth of our investment teams provides enhanced opportunity for investment. Brookfield Investment Management Inc. is an SEC-registered investment advisor and with its affiliates, had approximately $23 billion in assets under management as of March 31, 2011. Headquartered in New York, the firm maintains offices and investment teams in Chicago, Boston, London, Hong Kong, Sydney, and Toronto.
For more information, please contact:
Ms. Alice Olive
+1 (212) 549 8457
1 As of March 31, 2011