Brookfield appoints former head of Hassana as Saudi Chairman

Brookfield Asset Management appointed Saad Alfadly as the new chairman of its board of directors in Saudi Arabia, Bloomberg reported yesterday, citing a statement from the company. Alfadly previously served 12 years as the CEO of the USD 320 bn pension fund Hassana Investment. With over 25 years of experience, he has also held senior roles at NCB Capital, Morgan Stanley Saudi Arabia, and the Saudi Central Bank.

Alfadly’s appointment follows earlier reports from Bloomberg in February that he would be stepping down from his position at Hassana on 1 July.