Mark Wiseman | |
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 | |
| Born | 1970 (age 53–54) Niagara Falls, Ontario, Canada |
| Education | Queen's University (BA) University of Toronto (MBA, LLB) Yale University (LLM) |
| Title | Businessman |
Mark Wiseman (born 1970) [1] is a Canadian businessman and financier. He is currently the chair of the Alberta Investment Management Corporation. [2] He was formerly a manager at BlackRock. Prior to 2016, Wiseman was president and CEO of the Canada Pension Plan Investment Board (CPPIB).
Wiseman was born in Niagara Falls, Ontario, and raised in Burlington by his mother, a physiotherapist, and his father, a plumber and pipe fitter who headed a division of a construction company. He has one sister, who is a veterinarian. He earned a bachelor's degree from Queen's University as well as a law degree and an MBA from the University of Toronto. He obtained a Master of Laws degree from Yale University, where he was a Fulbright Scholar. He is Jewish. [3] [4]
Early in his career, Wiseman was an officer with Harrowston, 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. [5] Then, Wiseman was responsible for the private equity fund and co-investment program at the Ontario Teachers' Pension Plan. Wiseman then joined the Canadian Pension Plan Investment Board (CPPIB) as a Senior VP in 2005. Wiseman became the President and CEO of CPPIB in 2012. [6]
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 was fired from his position at BlackRock following a failure to report a consensual relationship with a subordinate [7] employee under his reporting line. [8] in violation of the company's relationship at work policy. [9] Wiseman stated in an internal memo "I engaged in a consensual relationship with one of our colleagues without reporting it. I regret my mistake and I accept responsibility for my actions." [8]
Wiseman advised various businesses, most recently joining Lazard as a part-time Senior Advisor. He is also a Senior Advisor to Boston Consulting Group and Hillhouse Capital. [10]
He is a co-founder and Chair of the Century Initiative, a lobbying group focused on increasing Canada's population to 100 million by 2100. [11] [12]
Wiseman is the Co-Founder and former Chairman of FCLTGlobal (formerly Focusing Capital on the Long Term), an organization that encourages longer-term approaches in business and investing, which was set up by BlackRock, CPPIB, Dow, McKinsey & Company and Tata in 2016. [13]
In June 2020, Wiseman was named the new chair of the Alberta Investment Management Corporation. [2]
For more than twenty years, Wiseman was in a common-law relationship with Marcia Moffat, whom he met on his first day at University of Toronto. The country head of Canada for BlackRock, Moffat joined the firm a year before Wiseman. They have two sons. [4] [14] [15]
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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.
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
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.
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