Charter Hall appoints ex-Brookfield exec as CFO

Charter Hall Group has appointed Russell Proutt as chief financial officer following a recruitment process that begun last year.

Proutt will replace Paul Altschwager, who left the firm at the end of last year.

Proutt has joined the firm from Canadian investment giant Brookfield Asset Management. He will join the Sydney-listed fund manager in August.

Proutt spent 11 years at Brookfield, most recently as CFO of Brookfield Australia, but also worked as a managing partner within Brookfield Infrastructure Group and as co-head of Brookfield Infrastructure Debt, according to Brookfield’s website.

Prior to joining Brookfield, Proutt was a director with Credit Suisse's investment banking operations in Toronto.

“Russell will be a valuable addition to our strong executive management team and we are delighted to have someone of his experience, market knowledge and expertise join the group,” commented Charter Hall’s chief executive and managing director, David Harrison.

“Russell is a results-oriented finance executive who has accumulated extensive global property, infrastructure and private equity experience. His considerable leadership experience in financial management, transactions and equity markets will be a great benefit to the group.”