Wiseman To Replace Denison As CPPIB CEO

Feb 28 2012 | 1:13pm ET

Mark Wiseman will replace David Denison as CEO of the Canada Pension Plan Investment Board.

Wiseman, the current head of investments at the CPPIB, will take up his new post at the end of June.

Denison, who has been CEO since 2005, had a lengthy career in financial services prior to assuming his CPPIB position, having worked at firms such as Merrill Lynch, Midland Walwyn and Mercer Consulting. Before joining CPPIB he was president of Fidelity Investments Canada.

His tenure at CPPIB was marked by an increase in active investment, reports the Globe & Mail.

“David Denison’s leadership has been exceptional in managing the assets of the CPP on behalf of 18 million Canadians while fostering a culture capable of undertaking the largest and most complex transactions in the world,” Robert Astley, the chair of CPPIB’s board, said in a press release.

“His successor, Mark Wiseman, has been instrumental in helping to shape and execute CPPIB's strategy over the last seven years, consistently demonstrating deep knowledge of our business and culture,” Mr. Astley added. “We undertook a deliberate process, determined to select a successor who would continue to provide outstanding leadership. The board unanimously agreed Mark Wiseman was the ideal choice."

Wiseman joined the CPPIB in the summer of 2005 from the Ontario Teachers’ Pension Plan.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...