Machin is currently a senior managing director and head of international at the LP, which has assets under management of C$279 billion ($212.4 billion), and will assume his new post on 13 June.
Machin joined CPPIB in March 2012 and has been responsible for the organisation's international investment activities and managing global advisory relationships.
Prior to his career at CPPIB, Machin worked at Goldman Sachs for 20 years, where he was the vice chairman of Asia (excluding Japan), based in Beijing. Before that he ran the organisation's capital markets and financing businesses in Asia. He was also a member of Goldman's Asia Management Committee and the Firmwide Capital Committee.
Wiseman has been with CPPIB for 11 years and assumed his current position in 2012. He helped to increase the pension fund's assets by more than C$100 billion ($76.1 billion), continuing its international expansion overseeing the launch of offices in Sao Paulo and Mumbai, according to the statement.
In his new position at Blackrock, Wiseman will assume the role of senior managing director and become a member of the Global Executive Committee (GEC), and head up the firm's global active equity business, according to a statement from Blackrock.
“My focus will now be working with the board to support a smooth and successful transition, but I don't expect that to be a difficult task,” Wiseman said. “Having worked closely with Mark Machin for several years, I have complete confidence in his ability to assume this role without missing a beat.”
Canada Pension Plan Investment Board (CPPIB) invests in private and public equities, real estate, infrastructure and fixed income instruments.
Headquartered in Toronto the firm has offices in Hong Kong, London, Luxembourg, Mumbai, New York City and São Paulo.