Canada Pension Taps New CEO Machin To Replace Wiseman

The video discusses the leadership change at CPP IB, with Mark Machen replacing Mark Wiseman as CEO. The transition was unexpected as Wiseman moves to BlackRock. Machen, the first non-Canadian CEO, brings extensive international experience, having worked in Asia and with Goldman Sachs. His leadership is expected to continue the global expansion strategy. Machen emphasizes a collaborative management approach, relying on his senior executive team to enhance global deal access and valuations.

Who is the new CEO of CPP IB?

• Mark Watson

• Mark Wiseman

• Mark Machen

• Scott Deveau

What was Mark Wiseman's significant contribution to CPP IB?

• Introducing a passive investment strategy

• Developing an active investment strategy

• Focusing solely on domestic investments

• Reducing international expansion

What is a notable aspect of Mark Machen's background?

• He has extensive experience in Asia

• He was previously with BlackRock

• He is the first Canadian head of CPP IB

• He has no international experience

What is Mark Machen's approach to leadership?

• Strictly following Wiseman's plan

• Authoritative and independent

• Collaborative and reliant on the executive team

• Focused on reducing global presence

What is the main goal of the senior executives' plan at CPP IB?

• To reduce the number of international deals

• To become more global and improve deal valuations

• To focus on domestic investments

• To replace the entire executive team