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Market Chatter: Brookfield Asset Management, Former Central Bank Head Mark Carney Targeted in Attack by Canada's Main Opposition Party
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Market Chatter: Brookfield Asset Management, Former Central Bank Head Mark Carney Targeted in Attack by Canada's Main Opposition Party
Oct 4, 2024 6:54 AM

08:45 AM EDT, 10/04/2024 (MT Newswires) -- Brookfield Asset Management ( BAM ) and Mark Carney have been targeted by a member of Canada's Conservative Party who wants Canada's lobbying watchdog to investigate them, Bloomberg reported overnight Thursday.

It noted Conservative lawmaker Michael Barrett asked the commissioner of lobbying to "examine the activities" of Carney to see whether they comply with government rules.

Bloomberg noted the former central banker recently agreed to act as an adviser to Prime Minister Justin Trudeau's Liberal Party on economic policy. Conservatives have argued there's a conflict between that role and his job at Brookfield, a global alternative asset manager.

Carney is Brookfield's chair and head of transition investing, and has helped spearhead the firm's money-raising efforts for funds that invest in clean technology and decarbonization.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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