TORONTO: Mark Machin’s big mistake got him drummed out of Canada’s national pension manager in a matter of hours. It’s a turn of events that puts the fund in the hands of a former industrial scientist who has made few waves in the world of finance.
John Graham was promoted to chief executive officer of the Canada Pension Plan Investment Board (CPPIB) on Friday, putting him in charge of a US$373bil global portfolio that includes everything from Britain’s Southampton port to Germany’s Axel Springer media empire to the Petco retail chain.
