Wiseman promoted to lead CPPIB’s investments

Mark Wiseman has been promoted to a newly-created position of executive vice president at the Canadian pension, in charge of real estate, private and public investments. He was previously a senior vice president responsible for private equity and infrastructure investments in the CPPIB portfolio.

The Canada Pension Plan Investment Board has promoted its private investments chief to executive vice president in a move that will see him lead all private, public and real estate investments at the pension.

Wiseman

The newly created role, which becomes effective from 1 April, is an attempt by the C$123.8 billion (€83.2 billion; $120.1 billion) pension plan to grow the organisation, according to a spokeswoman.

Wiseman was previously senior vice president for private investments, a position in which he was responsible for leading private equity and infrastructure investments in CPPIB's portfolio.

Last year, he was responsible for overseeing CPPIB's offer to take-private the  Macquarie Communications Infrastructure Group for A$1.64 billion (€940 million; $1.3 billion). The complex transaction gave CPPIB ownership of the communications infrastructure assets of the former Macquarie-managed fund, which traded on the Sydney stock exchange under the symbol MCG.

CPPIB also promoted André Bourbonnais to senior vice president for private investments, effective from 1 April. He was previously vice president and head of principal investing at the pension.

A statement from the CPPIB said Wiseman, who joined the pension in 2005 from Ontario Teachers' Pension Plan’s private equity arm, would have responsibility for the real estate, private investments and public market investments departments. Wiseman will report directly to CPPIB president and chief executive officer David Denison.

Don Raymond, who currently leads CPPIB’s portfolio design and investment research team, was also promoted to senior vice president and chief investment strategist with responsibility for overall fund-level investment policies. He will report to Denison.