Mark Wiseman left the wealth manager in December after breaching firm's policies with consensual relationship
The man who was a contender to one day lead the world’s largest asset manager is about to start a new role, as chair of Alberta’s public investment unit.
Mark Wiseman was previously global head of active equities for BlackRock, Inc. and chairman of BlackRock Alternative Investors; and also served as Chair of the firm's Global Investment Committee and on its Global Executive Committee.
He was ousted from the investment behemoth in December 2019 for breaching the firm’s policies through a consensual relationship – his wife is Marcia Moffatt, BlackRock’s head of country for Canada.
He joins AIMCo on July 1 as director and chair of the board, succeeding Richard Bird’s second three-year term.
Wiseman is a former Canada Pension Plan Investment Board chief executive; held a senior role at Ontario Teachers’ Pension Plan; and also worked at a merchant bank and law firm earlier in his career.
In his new role, he will aim to continue his predecessor’s work to strengthen AIMCo’s independence and foster closer alignment to its clients.
Wiseman paid tribute to Richard Bird for his six year tenure at the investment manager.
“I, along with members of the board and employees of AIMCo, would like to thank Richard for his service to the province during his two three-year terms. He has offered a steady and experienced hand in guiding the organization’s strong governance and investment decision-making,” Wiseman said.
Bird will stay on as consultant during a transition period.
