Kalifa brings a wealth of experience to Brookfield, including over two decades of work in the global payments space and also as a non-executive director of the Bank of England’s Court of Directors.
In addition, Kalifa served as CEO of Worldpay for over 10 years, leading its divestment into private equity ownership and to IPO.
Furthermore, he oversaw and authored an independent review for the UK Government to definite a national fintech strategy and delivery model.
Brookfield’s financial infrastructure strategy hones in on identifying opportunities in digital assets and services that form the spine of the global financial economy. It seeks mature, high-quality companies that are crucial to the financial ecosystem and leverages Brookfield’s expertise in growing business.
As a result, Brookfield has invested or committed around $5bn to financial infrastructure companies, including Network International and Magnati. Kalifa joining will let Brookfield increase its standing in this area.
Anuj Ranjan, president, Brookfield’s private equity group, said, “Ron is a renowned leader in the global financial services industry, and we are thrilled to welcome him to Brookfield. His knowledge and expertise put him at the forefront of the rapidly evolving financial services economy, and we are excited to work together as we identify opportunities in this growing investible universe.”
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Kalifa continued: “The global financial system is at an inflection point, with macroeconomic trends driving a sector transition that requires scale capital and deep operating expertise. I look forward to working with the team to leverage the benefits of the Brookfield ecosystem and build solutions to help companies navigate this changing landscape.”
Brookfield Chair, Mark Carney, added: “Ron and I have known each other for many years including during our time together at the Bank of England. I look forward to working with Ron as we grow Brookfield’s financial infrastructure capabilities.”