NEW YORK--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE:BLK) has named Mark Wiseman as incoming Senior
Managing Director and a member of the Global Executive Committee (GEC).
Wiseman will become Head of BlackRock’s Global Active Equity business
and will become Chairman of the BlackRock Global Investment Committee,
the investment sub-committee of the GEC. He will also help support
BlackRock Alternative Investors. Wiseman will report to Robert S.
Kapito, President of BlackRock, and will join the firm in early
September.
Wiseman currently serves as President & Chief Executive Officer of CPP
Investment Board, which manages approximately C$280 billion on behalf of
the Canada Pension Plan and its 19 million contributors and
beneficiaries.
He will become Chairman of the Global Investment Committee, the GEC
sub-committee that provides governance and oversight of investment
performance; drives collaboration, including leveraging technology,
across investment platforms; builds alignment on business growth and
development plans; and facilitates product development and evolution.
As Head of Global Active Equity, Wiseman will oversee more than 350
portfolio management and business professionals across the Americas,
EMEA, and Asia Pacific regions, responsible for investing over $275
billion in equity-based investment strategies. Global Active Equity
includes Fundamental Active Equity ($205 billion) and Scientific Active
Equity ($70 billion).
He also will become Chairman of BlackRock Alternative Investors (BAI),
to support and partner with BAI Co-Heads Mark McCombe and Matt Botein.
McCombe and Botein will continue to lead BAI and run the business
day-to-day, reporting to BlackRock President Robert Kapito. BlackRock’s
alternatives platform spans hedge funds, private equity, real assets,
private credit, commodities, and alternative solutions. Wiseman will
work closely with McCombe and Botein in developing investment
strategies, deepening the firm’s client relationships and sourcing
investment opportunities for BAI. In addition to leading BAI, McCombe
continues to serve as Senior Managing Director and Global Head of
BlackRock’s Institutional Client Business.
Laurence D. Fink, Chairman and Chief Executive Officer said, “We are
thrilled to be bringing an executive of Mark’s stature into BlackRock.
He is not only a best-in-class investor but also a great leader of
investors. He has deep experience in both public and private capital
markets globally – having worked with and driven strong investment
results for some of the biggest and most sophisticated pools of
investment capital in the world. We are excited about the contributions
that Mark can make across our entire investment platform.”
Robert Kapito, President, added, “Having undertaken a multi-year effort
to rebuild BlackRock’s active equity capabilities, we are pleased with
our progress and believe Mark can help us continue to drive meaningful
results for clients. As we further enhance investment performance and
link our fundamental and scientific active equity investment strategies,
Mark is perfectly suited to lead this effort. He will also be able to
make substantial contributions to our alternatives platform and across
the firm. I look forward to partnering with him and the rest of our
investment leadership in delivering compelling investment solutions to
our clients that draw on the full depth and breadth of BlackRock’s
capabilities.”
Biographical Information
Mr. Wiseman assumed the role of President & CEO of CPP Investment Board
in 2012 and has been responsible for leading all investment and
non-investment activities. He first joined CPPIB in 2005 as the
organization’s Senior Vice-President, Private Investments. He was later
named Executive Vice-President, Investments, responsible for managing
all of the investment activities of CPPIB – Public Market Investments,
Private Investments and Real Estate Investments.
Prior to joining CPPIB, Mr. Wiseman was responsible for the private
equity fund and co-investment program at the Ontario Teachers’ Pension
Plan. Previously, he was an officer with Harrowston Inc., a publicly
traded Canadian merchant bank and a lawyer with Sullivan & Cromwell,
practicing in New York and Paris. He also served as a law clerk to Madam
Justice Beverley McLachlin at the Supreme Court of Canada.
Born in Niagara Falls, Ontario, Mr. Wiseman holds a BA from Queen’s
University and a law degree and MBA from the University of Toronto. He
was also a Fulbright Scholar at Yale University, where he obtained a
masters degree in law and is a certified member of the Canadian
Institute of Corporate Directors.
Mr. Wiseman serves on the Board of several non-profit organizations,
including the Sinai Health System and the Canadian Coalition for Good
Governance. He was the 2015 Campaign Chair for the United Way of Toronto
and York Region and was recently appointed to the Canadian Finance
Minister’s Economic Growth Council.
About BlackRock
BlackRock is a global leader in investment management, risk management
and advisory services for institutional and retail clients. At March 31,
2016, BlackRock’s AUM was $4.737 trillion. BlackRock helps clients
around the world meet their goals and overcome challenges with a range
of products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. As of March 31, 2016, the firm had
approximately 13,000 employees in more than 30 countries and a major
presence in global markets, including North and South America, Europe,
Asia, Australia and the Middle East and Africa. For additional
information, please visit the Company’s website at www.blackrock.com
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BlackRock, Inc.
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Source: BlackRock, Inc.