Brookfield Taps $320 Billion Fund’s Ex-CEO as Saudi Chairman

Brookfield Asset Management has hired the former chief executive officer of Saudi Arabia’s $320 billion pension fund manager as its new chairman in the kingdom where it has inked a series of deals and recently set up a new investment vehicle.

Saad Alfadly has been named chairman of the board for Brookfield’s Saudi Arabia operations, the firm said in a statement on Monday. He joins from Hassana Investment Co., which he oversaw as CEO for over a decade.