Brookfield Readies a 36-Year-Old Striver as Next Billionaire CEO

It was a takeover big enough to transform Brookfield Asset Management into a behemoth. Behind it was a young, ambitious executive obsessed with the details — making an impression on bosses that would put him on the path to become CEO.

Connor Teskey was supposed to be tending to investments in renewables when he pitched higher-ups on the idea of taking a controlling stake in Oaktree Capital Management. He studied its business lines, read every letter that founder Howard Marks ever sent to investors, crunched the numbers and arranged the underwriting. The roughly $5 billion deal announced in 2019 helped catapult Brookfield ...