Toronto, Canada-based Brookfield Asset Management said Friday that it has named former Marine Terminals Corp. chief executive officer Doug Tilden as a senior consultant to its Brookfield Infrastructure Group.
Brookfield Infrastructure Group has been active in the ports sector since 2006 and has acquired a significant portfolio of assets in Europe and Australia, with plans to expand its ports business in the Americas.
Prior to joining Brookfield, Tilden served in executive positions with Ports America through April 2009, following its acquisition of MTC in 2007. Tilden spent 19 years with United States Lines in various executive positions.
Brookfield manages more than $150 billion of assets globally, including $30 billion in infrastructure.
“These are difficult times for ocean carriers and the vendors that serve them,” Tilden said. “But in these times, we believe there is an opportunity to rationalize terminal assets for the benefit of the carriers, their customers and the ports. Brookfield’s long-term investment philosophy is a good fit with the industries in which it has chosen to invest.”