Former Bank of England governor Mark Carney has joined Brookfield Asset Management as head of ESG and impact fund investing.

Carney will join in October and be based at Brookfield’s Ottawa office where he will be responsible for developing ESG strategies for the $550 billion asset manager.

Brookfield commented, “Throughout his stellar career in both the private and public sectors, Mark has been a vocal proponent of the positive role that private capital can play in climate action,” CEO Bruce Flatt said in the release. “Building on our track record in renewable investing, Mark will help accelerate our efforts to combine better long-term outcomes for society with strong risk-adjusted returns. Mark’s insights and perspectives will add tremendous value to our global investing activities for the benefit of our investors.”