BlackRock has named Mark Wiseman as incoming Senior Managing Director and a member of the firm’s 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 CAD280 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 USD275 billion in equity-based investment strategies. Global Active Equity includes Fundamental Active Equity (USD205 billion) and Scientific Active Equity (USD70 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, says, “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, adds: “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.”
