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Illustration of Mark Wiseman, chief executive officer, Canada Pension Plan Investment Board. (ANTHONY JENKINS/THE GLOBE AND MAIL)
Illustration of Mark Wiseman, chief executive officer, Canada Pension Plan Investment Board. (ANTHONY JENKINS/THE GLOBE AND MAIL)

THE LUNCH

CPPIB's Mark Wiseman: A creature of habit with a taste for the new Add to ...

A December deal to buy a shopping mall in Sweden came just a month after acquiring a portfolio of five development projects in Brazil. And to say the focus of the once-staid fund has grown wider – dare say, more exciting – would be an understatement. A month before the first of those real estate deals, the CPPIB announced it had acquired a major stake in Dorna, a Madrid-based marketer of motorbike racing, and made a loan to Formula One Group, the company behind F1 auto racing.

All that excitement is enough to build a healthy appetite. Mr . Wiseman tucks into his pizza, without leaving a crumb behind – something that surprises me given that he has lost more than 65 pounds recently. His secret? At least 30 minutes on an elliptical machine every day.

Growing up, Mr. Wiseman thought he was going to be a professor or a lawyer. After receiving his masters in law at Yale University, he went to work as a mergers-and-acquisitions lawyer with Sullivan &Cromwell, a high-powered shop catering to blue-chip clients. He worked in New York and Paris before he and his long-time partner Marcia Moffat, who also worked as a lawyer at the time, had a desire to return to Toronto and settle down near their parents. Mr. Wiseman took a job with Harrowston Inc., a merchant bank founded by Brent Belzberg that was bought out by Toronto-Dominion Bank’s private equity group in 2001.

With the bank taking over, Mr. Wiseman decided it was a good time to leave the company and look for a new challenge. But for a while, it seemed as if he’d plunged from high-powered New York City player to unemployed lawyer in Toronto. That’s because he gave his notice just days before Sept. 11, 2001.

“During my two-week notice period, 9/11 happened and the world turned on its head. Nobody was returning my calls, no one was hiring.”

As it happens, that was the same month Jim Leech started as CEO of Teachers, and he was looking to build a private equity group within it. A headhunter suggested Mr. Wiseman and the two men met for breakfast at the National Club in the heart of Toronto’s financial district. It took Mr. Wiseman some time to come around to the fact that working for Teachers did not mean working for a government or union.

More than a decade later, the two men talk regularly and go on an annual ski trip with Mr. Belzberg. “I seem to sort of collect ex-bosses,” Mr. Wiseman says. “Basically I call them the two old guys, and I have to sit between them in a chair lift and listen to them complain about their aches and pains and tell war stories.”

Mr. Leech might be more than 20 years older than Mr. Wiseman, but he insists he was able to pass his younger friend on the slopes until recently. “Then he went and lost all his weight, and now I’m the one who hurts.”

BEGINNINGS

Born in Niagara Falls, Ont.; raised in Burlington, Ont.

His father, now retired, was a plumber and pipe fitter who ran a division of a construction company. His mother, also retired, was a physiotherapist. He has one sister, a veterinarian. “We’re incredibly different,” Mr. Wiseman says. “I think she would be just about as excited about waking up in the morning to read The Wall Street Journal as I would about waking up in the morning and sticking my arm up a cow’s butt.”

FAMILY

Two sons. “It’s like having two wolverines at home.”

His partner of more than 20 years is Marcia Moffat, who until recently was vice-president of home equity financing at Royal Bank of Canada. They met on his first day at the University of Toronto. “I am, I think, the world’s greatest Jewish Christmas tree cutter,” he says. “My kids get all the holidays.”

EDUCATION

Bachelor of arts from Queen’s University, Kingston, Ont.

Law degree and MBA from University of Toronto.

Fulbright Scholar at Yale University, where he received a masters in law.

Career

Law clerk to Madam Justice Beverley McLachlin at the Supreme Court of Canada

M&A lawyer with Sullivan & Cromwell; practised in New York and Paris.

Worked in Toronto for merchant bank Harrowston Inc.

Ran the private equity fund and co-investment program at Ontario Teachers’ Pension Plan.

Joined CPPIB in 2005 as senior vice-president of private investments; became CEO in July, 2012.

OTHER

On the boards of Mount Sinai Hospital, Toronto, and Right to Play International.

TRAVEL

A seasoned traveller, he has recently been to the United Arab Emirates, Turkey and India for work. He also squeezed in a trip to Rwanda this fall to attend a board meeting of Right to Play.

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