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.

What is the expected direction of CPP IB under the new CEO's leadership?

How does the new CEO plan to approach management and decision-making?