Brookfield Financial closes Australia division amid restructure

10 December 2020 - 12:00 am UTC

Brookfield’s advisory arm, Brookfield Financial (BFIN), has been disbanded in Australia due to a global restructure of the division, a spokesperson confirmed.

The move has seen about six staff members leave Brookfield in recent weeks, two sources familiar said. Other Asia-Pacific regional BFIN offices have also been closed, with the regional business for BFIN now consolidated to one office in South Korea.

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Brookfield Financial closes Australia division amid restructure

Brookfield’s advisory arm, Brookfield Financial (BFIN), has been disbanded in Australia due to a global restructure of the division, a spokesperson confirmed.