Carney Joins Brookfield to Lead Firm’s Expansion Into ESG Funds

The mystery of Mark Carney’s next job is solved. Brookfield Asset Management Inc., the global investment firm with about $550 billion in assets under management, has hired the former Bank of England governor to lead an ambitious expansion into environmental and social investing. The Toronto-based company plans to develop a group of funds that try to marry positive social and environmental outcomes with strong investment returns. Carney will join Brookfield as vice chairman and steer its environmental, social and governance (ESG) investment strategy.