Mark Machin (born 1966) is a British

investor An investor is a person who allocates financial capital with the expectation of a future Return on capital, return (profit) or to gain an advantage (interest). Through this allocated capital the investor usually purchases some species of pr ...

who served as President and CEO of the

Canada Pension Plan Investment Board The Canada Pension Plan Investment Board (CPPIB; ), operating as CPP Investments (), is a Canadian Crown corporation established by way of the 1997 ''Canada Pension Plan Investment Board Act'' to oversee and invest the funds contributed to and h ...

between 2016 and 2021. Machin is currently a non-executive director for Serendipity Capital, a Singapore-based venture capital group. He also sits on the Board of the

Atlantic Council The Atlantic Council is an American think tank in the field of international affairs, favoring Atlanticism, founded in 1961. It manages sixteen regional centers and functional programs related to international security and global economic prosp ...

and is a member of the 30% Club of Canada, with a mission to achieve at least 30% representation of women on all boards and C-suites globally. He is also the chairman of Society For Project Green Leaf.

Early life and education

Machin was born in England in 1966. He earned a Bachelor of Arts degree in Physiological Sciences from

Oxford University The University of Oxford is a collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the second-oldest continuously operating u ...

and then a

Bachelor of Medicine, Bachelor of Surgery A Bachelor of Medicine, Bachelor of Surgery (; MBBS, also abbreviated as BM BS, MB ChB, MB BCh, or MB BChir) is a medical degree granted by medical schools or universities in countries that adhere to the United Kingdom's higher education trad ...

degree from

Cambridge University The University of Cambridge is a Public university, public collegiate university, collegiate research university in Cambridge, England. Founded in 1209, the University of Cambridge is the List of oldest universities in continuous operation, wo ...

in 1990.

Career

Over the years, Machin developed an interest in financial markets and was hired as an analyst in the London office of

Goldman-Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international ...

in 1991. Machin was transferred to the Goldman-Sachs' new

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

office where he worked for 20 years focusing on

Capital Markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...

and

Investment Banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

in Asia. He was Asia Head of Investment Banking for Goldman-Sachs for six years. In 2012, Machin left Goldman-Sachs to become Senior Managing Director and President of CPPIB Asia. In 2013, he became Head of International, where he was responsible for the organization’s international investment activities, managing global advisory relationships and leading the organization internationally. Machin was appointed CEO of the CPPIB in June 2016. Under his leadership, CPPIB grew its net assets to almost C$500 billion. Machin is also credited with prioritizing gender diversity. He was named both a Catalyst Honours Champion for 2020, which recognizes those making workplaces equitable and inclusive for women, and one of Canada’s Top 10 CEOs by Glassdoor in its 2018 Employee Choice Awards. Machin was also Chairman of the board of directors o
FCLTGlobal
a think tank established in 2016 and was on the board of Sequoia Heritage until December 2020. In June 2021, Machin was appointed as a non-executive director of Singapore-based venture capital group, Serendipity Capital, which invests in financial services, technology and climate-focused companies.

Personal life

Machin has spent 22 years in Asia and lived in various cities including

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

and

, and moved to Toronto following his appointment as the CEO of CPPIB in 2016. Machin owned the Integral House, which was built by the late mathematician

James Stewart James Maitland Stewart (May 20, 1908 – July 2, 1997) was an American actor and military aviator. Known for his distinctive drawl and everyman screen persona, Stewart's film career spanned 80 films from 1935 to 1991. With the strong morali ...

CPPIB Resignation

On 26 February 2021, Machin tendered his resignation to the board of CPPIB, following reports that he had traveled to the

UAE The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as i ...

to receive a

Pfizer–BioNTech COVID-19 vaccine The Pfizer–BioNTech COVID-19 vaccine, sold under the brand name Comirnaty, is an MRNA vaccine, mRNA-based COVID-19 vaccine developed by the German biotechnology company BioNTech. For its development, BioNTech collaborated with the America ...

with his partner. In an internal memo sent to staff, Machin said that while he had completed all the proper procedures for the trip, it was meant to be "very private" and he regretted the negative connections brought to the CPPIB. The office of

Chrystia Freeland Christina Alexandra Freeland (born August 2, 1968) is a Canadian politician and journalist who has served as the Member of Parliament (Canada), member of Parliament (MP) for University—Rosedale (federal electoral district), University—Rose ...

, Canada's finance minister, criticized Machin's decision while recognizing its independence from governments. Machin was succeeded by John Graham, CPPIB’s global head of credit investments. On 4 March 2021,

The Globe and Mail ''The Globe and Mail'' is a Newspapers in Canada, Canadian newspaper printed in five cities in Western Canada, western and central Canada. With a weekly readership of more than 6 million in 2024, it is Canada's most widely read newspaper on week ...

reported that Machin was likely to resign from his position sometime later in 2021 after more than 5 years in the role, and that he had already tapped John Graham to be his successor before the resignation, when the transition timeline was accelerated.

References

External links

* {{DEFAULTSORT:Machin, Mark Living people CPP Investment Board people 1966 births Goldman Sachs people