Brookfield appoints Ron Kalifa as vice chair and head of financial infrastructure
Brookfield Asset Management has appointed ex-Worldpay CEO Ron Kalifa as vice chair and head of financial infrastructure.
Brookfield Asset Management hires Ron Kalifa. Image source: LinkedIn.
Kalifa spent 18 years of his career at Worldpay, serving as CEO from 2002 to 2013 before switching to vice chair. He led the company’s divestment into private equity ownership and subsequently to initial public offering (IPO). He also notably led and authored an independent review of the UK’s fintech strategy, published in 2021.
Since March 2019, he has also been serving as chair for Network International, a UAE-based payments business, and as senior independent director on the Court of Directors of the Bank of England.
With investments and commitments in financial infrastructure companies worth approximately $5 billion, including companies such as Network International and Magnati, Brookfield says Kalifa’s appointment will allow it to “increase our footprint in this critical area of focus”.
As part of its financial infrastructure strategy, the alternative asset management firm aims to identify opportunities in digital assets and services that contribute to global finance – seeking “mature, high-quality” companies and helping to grow their business.
Commenting on his appointment, Ron Kalifa says: “The global financial system is at an inflection point, with macroeconomic trends driving a sector transition that requires scale capital and deep operating expertise.”
He adds that in his new role, he will be “working with the team to leverage the benefits of the Brookfield ecosystem and build solutions to help companies navigate this changing landscape”.
