{{Short description|British investor (born 1966)}} {{Undisclosed paid|date=March 2022}} [[File:Mark Machin - 2018 (cropped).jpg|thumb|Machin in Davos in 2018]] '''Mark Machin''' (born 1966) is a British<ref name="Wsj">{{cite news |last1=Strasburg |first1=Jenny |last2=Said |first2=Summer |last3=McNish |first3=Jacquie |title=Top Pension Fund Head Beat Canada's Covid-19 Vaccine Queue by Getting a Shot in Middle East |url=https://www.wsj.com/articles/mark-machin-head-of-canadas-biggest-pension-fund-traveled-to-middle-east-and-received-covid-vaccine-11614294557 |access-date=26 February 2021 |work=Wall Street Journal |date=25 February 2021}}</ref> investor who served as President and CEO of the Canada Pension Plan Investment Board between 2016 and 2021.<ref>{{cite news|url=https://www.ft.com/content/c340bf9b-cbd4-3b50-9c05-44d05ae0374e|title=Mark Machin takes reins at pension fund CPPIB|date=19 May 2016|work=Financial Times|accessdate=17 April 2018}}</ref><ref name="resignation">{{cite news |last1=Kiladze |first1=Tim |last2=Curry |first2=Bill |title=CPPIB chief executive Mark Machin steps down in the wake of COVID-19 vaccination controversy |url=https://www.theglobeandmail.com/business/article-head-of-canadas-largest-pension-fund-steps-down-in-the-wake-of-covid/ |access-date=26 February 2021 |work=The Globe and Mail |date=26 February 2021}}</ref>
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 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.<ref>{{Cite web|title=Board of Directors|url=https://www.atlanticcouncil.org/about/board-of-directors/|access-date=2021-03-24|website=Atlantic Council|language=en-US}}</ref><ref name="pionline.com">{{Cite web|date=2018-11-12|title=CPPIB adds to gender diversity push|url=https://www.pionline.com/article/20181112/PRINT/181119993/cppib-adds-to-gender-diversity-push|access-date=2021-03-24|website=Pensions & Investments|language=en}}</ref><ref name="ft.com">{{Cite web|title=Ex-head of Canada's largest pension fund joins Singapore VC firm|url=https://www.ft.com/content/312e3198-296c-4cb6-9f61-9caca1ded5d8|access-date=2021-06-28|website=www.ft.com}}</ref> He is also the chairman of Society For Project Green Leaf.
==Early life and education== Machin was born in England in 1966.<ref name="background">{{cite web|title=Who is Mark Machin?|url=https://www.cppinvestments.com/public-media/headlines/2016/who-is-mark-machin|date=16 June 2016|work=CPP Investment Board|accessdate=25 February 2021}}</ref> He earned a Bachelor of Arts degree in Physiological Sciences from Oxford University and then a Bachelor of Medicine, Bachelor of Surgery degree from Cambridge University 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 in 1991.<ref name="GLOBE"/> Machin was transferred to the Goldman-Sachs' new Hong Kong office where he worked for 20 years focusing on Capital Markets and Investment Banking in Asia.<ref name="GLOBE"/> 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.<ref>{{Cite news|title=He has an appetite for risk: Meet the man in charge of your pension|url=https://www.theglobeandmail.com/report-on-business/mark-machin-canada-pension-plan-cppib/article33622068/|access-date=2021-03-24}}</ref>
Machin was appointed CEO of the CPPIB in June 2016.<ref name="GLOBE">{{cite news|url=https://www.theglobeandmail.com/report-on-business/mark-machin-canada-pension-plan-cppib/article33622068/|title=Appetite for Risk: (Meet the man in charge of your pension)|last=Nelson|first=Jacqueline|date=13 January 2013|work=The Globe and Mail|accessdate=17 April 2018}}</ref> Under his leadership, CPPIB grew its net assets to almost C$500 billion. Machin is also credited with prioritizing gender diversity.<ref name="pionline.com"/> 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 of [https://www.fcltglobal.org/about/board-of-directors 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.<ref name="ft.com"/>
==Personal life== Machin has spent 22 years in Asia and lived in various cities including Beijing and Hong Kong, and moved to Toronto following his appointment as the CEO of CPPIB in 2016.<ref name="background" /> Machin owned the Integral House, which was built by the late mathematician James Stewart.<ref>{{cite news |last1=Ireland |first1=Carolyn |title=Toronto's famed Integral House up for sale again |url=https://www.theglobeandmail.com/real-estate/toronto/article-torontos-famed-integral-house-up-for-sale-again/ |access-date=4 March 2021 |work=The Globe and Mail |date=1 May 2019}}</ref>
===CPPIB Resignation=== On 26 February 2021, Machin tendered his resignation to the board of CPPIB, following reports that he had traveled to the UAE to receive a Pfizer–BioNTech COVID-19 vaccine 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.<ref name="tgam">{{cite news |last1=Kiladze |first1=Tim |last2=Curry |first2=Bill |title=Head of Canada's largest pension fund received COVID-19 vaccine in United Arab Emirates |url=https://www.theglobeandmail.com/business/article-head-of-canadas-largest-pension-fund-flew-to-united-arab-emirates-for/ |access-date=26 February 2021 |work=The Globe and Mail |date=25 February 2021}}</ref>
The office of Chrystia Freeland, Canada's finance minister, criticized Machin's decision while recognizing its independence from governments.<ref name="tgam" /><ref>{{Cite news|date=2021-02-26|title=Canada's finance ministry calls report of CPPIB CEO's overseas trip for COVID shot 'very troubling'|language=en|work=Reuters|url=https://www.reuters.com/article/cppib-machin-idUSL4N2KW0TF|access-date=2021-04-06}}</ref>
Machin was succeeded by John Graham, CPPIB’s global head of credit investments.
On 4 March 2021, The Globe and Mail 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.<ref name="Update">{{cite news|last1=Willis|first1=Andrew|last2=Kiladze|first2=Tim|date=4 March 2021|title=Machin was preparing exit from CPPIB before UAE vaccination controversy|work=The Globe and Mail|url=https://www.theglobeandmail.com/business/article-cppib-chief-executive-mark-machin-had-planned-to-leave-this-year/|access-date=4 March 2021}}</ref><ref>{{Cite news|title=Meet John Graham, the pickleball player running the CPPIB|url=https://www.theglobeandmail.com/business/article-meet-john-graham-the-pickleball-player-running-the-cppib/|access-date=2021-04-06}}</ref>
==References== {{reflist}}
==External links== *{{cite web|url=http://www.cppib.com/en/who-we-are/leadership-overview/senior-team.html|publisher=cppib.com|title=Our Leadership| Senior Team | CPPIB | Canada Pension Plan Investment Board|accessdate=2016-08-22}}
{{DEFAULTSORT:Machin, Mark}} Category:Living people Category:CPP Investment Board people Category:1966 births Category:Goldman Sachs people