Minister of Finance Announces Appointment to Canada Pension Plan Investment Board

From: Department of Finance Canada

May 13, 2019 – Ottawa, Ontario – Department of Finance Canada

The Government of Canada is committed to appointing highly qualified candidates able to best serve the interests of Canadians, through open, transparent and merit-based selection processes for all Governor-in-Council appointments.

In keeping with this commitment, Finance Minister Bill Morneau today announced the appointment of Mark Evans to the Canada Pension Plan Investment Board (CPPIB) for a term of three years. Biographical information can be found below.

Biographical Notes

William “Mark” Evans is a technology investor. Until 1999 Mr. Evans was a member of the Management Committee at Goldman Sachs, during a 15-year career working in Europe, Asia and the United States. He went on to join Benchmark Capital’s Entrepreneur in Residence program in Silicon Valley, before becoming a General Partner at Benchmark Europe/Balderton Capital from 2002 through 2015 as well as co-founding TrustBridge Partners in China (2006) and Kindred Capital in Europe (2016).

Mr. Evans currently works with several early stage technology companies including Animal Dynamics, Digital Surgery, DisplayLink, Five.AI, Headspace, myTomorrows, Oak North, Oxford Nano Imaging (ONI) and The Hut Group. He holds a Master’s degree (MLitt) in Economics from The University of Oxford and a B.A. in Economics from Queen’s University.

“I would like to thank Mr. Evans for undertaking this important commitment to Canadians. With his appointment and assistance, the Canada Pension Plan Investment Board will continue its excellent work of building a diversified portfolio of assets that helps ensure the long-term sustainability of the Canada Pension Plan. The efficient management provided by the CPPIB helps contribute to something that is important to all Canadians: a safe, secure and dignified retirement after a lifetime of hard work.”

– Bill Morneau, Minister of Finance

Quick facts

  • The CPPIB is a professional investment management organization that invests the assets of the Canada Pension Plan (CPP) not currently needed to pay pension, disability and survivor benefits.

  • Operating at arm’s length from government, the CPPIB is responsible for prudently investing CPP investment funds in a diversified portfolio of assets to serve the best interests of CPP contributors and beneficiaries.

  • Directors of the CPPIB are selected by the federal government in consultation with participating provincial governments. Federal legislative changes in 2014 allow up to three non-resident directors on the board.

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