Mark Wiseman

Mark Wiseman is a global investment manager and business executive. He is currently the chair of the Alberta Investment Management Corporation.[1] He was a Senior Managing Director at BlackRock, Global Head of Active Equities, Chairman of its alternatives business, and Chairman of BlackRock's Global Investment Committee. He also served on BlackRock's Global Executive Committee. Prior to joining BlackRock in 2016, Wiseman was President and CEO of the Canada Pension Plan Investment Board (CPPIB).

Mark Wiseman
Born1970
Niagara Falls
EducationUniversity of Toronto - Rotman School of Management (MBA)

University of Toronto - Faculty of Law (LLB)

Yale University (LLM)
TitleGlobal Investment Manager and Business Executive

Education

Born in Niagara Falls, Ontario, Wiseman earned a bachelor's degree from Queen's University as well as a law degree and an MBA from the University of Toronto. He also was a Fulbright Scholar at Yale University, where he obtained a Master of Laws degree.

Career
Wiseman with Indian Prime Minister Narendra Modi

Early in his career, Wiseman was an officer with Harrowston Inc., a publicly traded Canadian merchant bank and a lawyer with Sullivan & Cromwell, practicing in New York and Paris. He also was a law clerk to Madam Justice Beverley McLachlin at the Supreme Court of Canada. Then, Wiseman was responsible for the private equity fund and co-investment program at the Ontario Teachers’ Pension Plan. Starting in June 2005, Wiseman was President & CEO of the Canada Pension Plan Investment Board (CPPIB). He was later named Executive Vice-President, Investments, responsible for managing all of the investment activities of CPPIB. He was named President & Chief Executive Officer in 2012.

From 2016 to 2019, Wiseman was a Senior Managing Director at BlackRock, Global Head of Active Equities, Chairman of its alternatives business, and Chairman of BlackRock’s Global Investment Committee. He was also on BlackRock’s Global Executive Committee. On December 5, 2019, Wiseman left his position at BlackRock following a failure to report a consensual relationship with a subordinate[2] employee under his reporting line.[3] in violation of the company’s relationship at work policy.[4]

Larry Fink, BlackRock’s founder, chairman and chief executive, issued his own memo to all employees, in which he expressed disappointment in the lapse in the upper echelons of his firm where Wiseman was a senior managing director. “This is not who BlackRock is…. We expect every employee to uphold the highest standards of behaviour,” Fink wrote in the memo, which was also signed by BlackRock president Rob Kapito.[3]

Wiseman advised various organizations, most recently joining Lazard as a part-time Senior Advisor. He is also a Senior Advisor to Boston Consulting Group and Hillhouse Capital.[5]

He is a co-founder and Chair of the Century Initiative, an organization dedicated to growing Canada's population to 100 million by 2100.[6][7]

In June 2020, Wiseman was named the new chair of the Alberta Investment Management Corporation.[1]

Personal life

Wiseman had an interfaith common law relationship with a woman he met in 1992 on his first day at University of Toronto (Marcia Moffat, currently Country Head of Canada for BlackRock, who joined the firm a year before Wiseman) [8][9][10] blending celebration of his Jewish and her Christian holidays in the raising of two sons together.[8] Their relationship ended after he was fired from BlackRock in 2019 for having an undisclosed relationship with another colleague.[11]

References
  1. Rieger, Sarah (20 June 2020). "Former head of CPP, who was ousted from BlackRock, named chair of AIMCo". CBC News.
  2. Khan, Yusuf (9 December 2019). "A top BlackRock exec was fired for having a relationship with a subordinate". Business Insider.
  3. Lim, Dawn. "BlackRock's Mark Wiseman Terminated for Failing to Disclose Personal Relationship". Wall Street Journal. A contender for the top job at BlackRock Inc. was ousted from the money-management giant for failing to disclose a relationship with an employee under his reporting line
  4. Mirabella, Alan (5 December 2019). "BlackRock's Wiseman In His Own Words: 'I Regret My Mistake'". Bloomberg.com.
  5. "Former BlackRock director Mark Wiseman lands new adviser role with Hillhouse Capital Group". The Logic. Retrieved 2020-05-19.
  6. "Influential Liberal advisers want Canadian population to triple by 2100". Global News. October 23, 2016.
  7. "Team - Century Initiative". Century Initiative. Retrieved 2018-10-22.
  8. Perkins, Tara (8 February 2018). "CPPIB's Mark Wiseman: A creature of habit with a taste for the new". Globe and Mail. Archived from the original on 19 February 2013. Two sons. “It’s like having two wolverines at home.” His partner of more than 20 years is Marcia Moffat, who until recently was vice-president of home equity financing at Royal Bank of Canada. They met on his first day at the University of Toronto. “I am, I think, the world’s greatest Jewish Christmas tree cutter,” he says.
  9. McEnergy, Thornton (5 December 2019). "BlackRock exec Mark Wiseman over affair with employee". New York Post. Wiseman’s wife, Marcia Moffat, is the head of BlackRock’s Canadian division. Indeed, some had believed that Wiseman’s chances of eventually leading BlackRock were boosted by his power couple status with Moffat, who BlackRock insiders say is well-liked by Fink. Moffat was hired by BlackRock in 2015, one year before Wiseman
  10. Butcher, Sarah (6 December 2019). "BlackRock didn't sack Mark Wiseman for consensual sex". efinancialcareers.com. Wiseman's wife of 23 years, with whom he has two children, also works at BlackRock. And she was there first. Marcia Moffat is the sort of successful woman with a background in neuroscience and a career in asset management who doesn't take her husband's name. Moffat joined BlackRock in the summer of 2015 to head BlackRock's Canadian business. Her spouse joined a year later.
  11. Lim, Dawn (December 5, 2019). "BlackRock's Mark Wiseman Terminated for Failing to Disclose Employee Relationship". Wall Street Journal.{{cite news}}: CS1 maint: url-status (link)
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