James Bruce Flatt (born June 10, 1965) is a Canadian businessman and the CEO of

Brookfield Asset Management Brookfield Asset Management Ltd. is a Canadian-American alternative asset manager. The company was founded in December 2022 as a spin-off of the asset management operations of Brookfield Corporation. At its inception, the company was headquarter ...

. He joined Brookfield in 1990 and became CEO in 2002. He has been referred to as "Canada's

Warren Buffett Warren Edward Buffett ( ; born August 30, 1930) is an American investor and philanthropist who currently serves as the chairman and CEO of the conglomerate holding company Berkshire Hathaway. As a result of his investment success, Buffett is ...

" due to his "value" investment style, extended tenure as CEO, and large investment in Brookfield. In 2022, he was ranked #622 on

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

' ''

Billionaires A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

'' list with a

net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Financial assets minus outstanding liabilities equal net financial assets, so net w ...

of US$4.5 billion.

Career

Flatt, whose father was an executive at a

Manitoba Manitoba is a Provinces and territories of Canada, province of Canada at the Centre of Canada, longitudinal centre of the country. It is Canada's Population of Canada by province and territory, fifth-most populous province, with a population ...

mutual fund A mutual fund is an investment fund that pools money from many investors to purchase Security (finance), securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in ...

company, was born in Canada in 1965. Following university, Flatt worked as a chartered accountant at Clarkson Gordon. Flatt joined the investment division of Brascan (Brookfield's predecessor) in 1990, became chief executive of Brookfield Properties in 2000 and CEO of the entire business in 2002. At the time, Brascan was a major client of the accounting firm where he trained. As CEO of Brookfield Properties, Flatt led Brookfield's response to damage caused by the

September 11, 2001 attacks The September 11 attacks, also known as 9/11, were four coordinated Islamist terrorist suicide attacks by al-Qaeda against the United States in 2001. Nineteen terrorists hijacked four commercial airliners, crashing the first two into ...

Lower Manhattan Lower Manhattan, also known as Downtown Manhattan or Downtown New York City, is the southernmost part of the Boroughs of New York City, New York City borough of Manhattan. The neighborhood is History of New York City, the historical birthplace o ...

. Under Flatt, Brookfield became the second largest alternative-asset manager in the world, following the acquisition of a majority stake in

Oaktree Capital Management Oaktree Capital Management, Inc. is an American global asset management firm specializing in alternative investment strategies. As of September 30, 2024, the company managed $205 billion for its clientele. The firm was co-founded in 1995 by a ...

in 2019. Flatt and a group of partners own 20% of Brookfield, individually and through a company called Partners Limited.

Recognition

Flatt was named CEO of the Year by ''

The Globe and Mail ''The Globe and Mail'' is a Newspapers in Canada, Canadian newspaper printed in five cities in Western Canada, western and central Canada. With a weekly readership of more than 6 million in 2024, it is Canada's most widely read newspaper on week ...

'' in 2017, 60th in a list of the top 100 best-performing CEOs published by ''

Harvard Business Review ''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a not-for-profit, independent corporation that is an affiliate of Harvard Business School. ''HBR'' is published six times a year ...

'' in 2018, and one of

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...

's 50 people who defined global business in 2019.

Personal life

Flatt is married to art collector Lonti Ebers, who is the founder of a non-profit organization, Amant, and a trustee and patron of New York City's

Museum of Modern Art The Museum of Modern Art (MoMA) is an art museum located in Midtown Manhattan, New York City, on 53rd Street (Manhattan), 53rd Street between Fifth Avenue, Fifth and Sixth Avenues. MoMA's collection spans the late 19th century to the present, a ...

. He was educated at Grant Park High School and holds a bachelor's degree in accounting from the

University of Manitoba The University of Manitoba (U of M, UManitoba, or UM) is a public research university in Winnipeg, Manitoba, Canada. Founded in 1877, it is the first university of Western Canada. Both by total student enrolment and campus area, the University of ...

. Flatt lives in

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

and

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

References

External links

{{DEFAULTSORT:Flatt, Bruce 1965 births Living people Canadian chief executives 20th-century Canadian businesspeople 21st-century Canadian businesspeople University of Manitoba alumni