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]
Career
Wiseman with Indian Prime Minister Narendra Modi in 2015
Early in his career,Wiseman was an officer with Harrowston,a publicly traded Canadian merchant bank and a lawyer with Sullivan &Cromwell,practising 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]
In 2016,as a member of then finance minister Bill Morneau's Advisory Council on Economic Growth,both Wiseman and Dominic Barton advocated for increasing immigration targets to 450,000 a year,with a focus on top business talent and international students,in order to "raise the living standards for all Canadians."[9][10] Wiseman and the council argued that without significant immigration changes Canada would fall outside the top 45 nations in population by 2100 and would become "increasingly irrelevant over time."[11][12] In 2016,Canada was ranked 38th by population,lower than countries such as Thailand,Mexico,and Uganda.
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[13] employee under his reporting line.[14] in violation of the company's relationship at work policy.[15] 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."[14]
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.[16]
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.[17]
In June 2020,Wiseman was named the new chair of the Alberta Investment Management Corporation.[18][2] In a BNN Bloomberg interview,Wiseman advocated for immigration levels to be increased to 500,000 in order to rehabilitate Canada after the COVID-19 pandemic.[19] "One of the things we do very well in this country,is bring and integrate new people," he claimed. He stepped down from AIMCo in 2023. During his time there,Wiseman donated his salary to the United Way of Alberta.[20]
Previously,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][23][24]
↑"Mark Wiseman". University of Toronto Faculty of Law. Retrieved 2023-01-30.
12Perkins, Tara (1 February 2013). "CPPIB's Mark Wiseman: A creature of habit with a taste for the new". The Globe and Mail. Toronto. Archived from the original on 4 February 2024. 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.
↑"Mark Wiseman". Asia Pacific Foundation of Canada. Retrieved 2023-01-30.
↑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.
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