Brookfield Promotes Ranjan to Head Europe, Asia PE Business

Brookfield Asset Management promoted Anuj Ranjan to oversee its private equity business for Europe and Asia Pacific.

29 Oct 2020, 04:42 PM IST

Brookfield Promotes Ranjan to Head Europe, Asia PE Business

A pedestrian passes a hoarding surrounding the construction site of Principal Place, a joint development by Brookfield Property Partners LP, Concord Pacific and W1 Developments, in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)

(Bloomberg) -- Brookfield Asset Management Inc., the Canadian investment firm, promoted Anuj Ranjan to oversee its private equity business for Europe and Asia Pacific.

Ranjan, a managing partner, is taking on the new responsibilities in addition to his current role as chief executive officer for South Asia and the Middle East, a representative for Brookfield confirmed in response to Bloomberg News queries. He will also work to build Brookfield’s relationships with large companies and families globally.

The dealmaker will work out of London and Dubai starting from next year.

Ranjan joined Brookfield in 2006 and moved from Toronto to Mumbai in 2009, where he helped build the firm’s business in the South Asian country, according to his LinkedIn profile. He moved to Dubai in 2016 to further expand the asset manager’s business in the Middle East.

Ranjan has overseen $20 billion of the firm’s investment in India for assets including telecom towers, toll roads and commercial real estate. The firm last month proceeded with its plans to list its real estate investment trust in Mumbai that could raise as much as 38 billion rupees ($515 million).

Last week, Brookfield agreed to buy 12.5 million square feet of rent-yielding commercial properties from a local developer for $2 billion in one of India’s biggest real estate deals on record.