04:24 PM EST, 01/16/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) , on Thursday said chief executive Bruce Flatt will also serve as the asset-manager's board after Mark Carney resigned the post to seek the leadership of the Liberal Party of Canada.

Carney resignation came ahead of the launch of his campaign Thursday to replace Prime Minister Justin Trudeau, who last week said he would surrender the job when the party picks his replacement on March 9.

"Mark has been a tremendous partner to the firm since he joined nearly five years ago, both in his role as Chair of Brookfield Asset Management ( BAM ) for the past two years, and notably in establishing Brookfield as the leading private capital investor in the energy transition," Flatt said in a release.

Brookfield shares closed up $1.69 to $79.28 on the Toronto Stock Exchange.