Institutional investment giant Brookfield Asset Management has appointed Hadley Peer Marshall as its new CFO.

Her appointment comes as the Toronto-based company expects to be an active trader later this year, capitalizing on a considerable amount of dry powder amid anticipated interest-rate cuts.

Peer Marshall’s will assume the CFO role May 31. She will succeed Bahir Manios, a longtime Brookfield executive who has served as Brookfield Asset Management’s CFO since the entity was spun out as a publicly traded company from Brookfield Corporation in 2022.

Manios, who joined Brookfield, in 2004 is retiring but will remain as CFO until quarterly earnings results are reported at the end of May.

While taking on CFO duties, Peer Marshall will remain as co-head of Brookfield’s infrastructure group, which she joined in New York in 2015. Peer Marshall has about 23 years of finance-related experience. She moved to Brookfield Asset Management from U.S.-based investment giant Goldman Sachs after serving for eight years as a vice-president there.

“Hadley has deep experience and knowledge of our business and operations,” said Connor Teskey, Brookfield Asset Management’s president and CEO, in a news release. “Her acumen, energy and investor-focused perspective are ideally suited to advancing our position as a world-class asset manager.”

Teskey praised Manios for leaving Brookfield’s asset management business in a strong position. Manios will assist Brookfield periodically following his retirement.

Brookfield has more than $900 billion in assets under management across the renewable power and transition, infrastructure, private equity, real estate, and credit sectors.