OTTAWA-Canadian Prime Minister Mark Carney is turning to a former pension fund boss and Blackrock executive to be Canada's top diplomat in Washington, tasked with helping guide trade talks with the Trump administration.
Carney said Monday that Mark Wiseman would be Canada's new U.S. ambassador, effective Feb. 15. Wiseman is the former chief executive of the Canada Pension Plan Investment Board and a onetime senior executive at Blackrock. Wiseman will take over from Kirsten Hillman, who on Dec. 9 said she was stepping down after six years in the post. She was appointed by former Prime Minister Justin Trudeau.
Wiseman is presently the chairman of asset manager Lazard's Canadian unit, and a senior adviser at Boston Consulting Group.
This marks another effort by Carney, a former central banker and Goldman Sachs banker, to place close associates with business experience and dealmaking prowess in key roles designed to help rewire a Canadian economy that must now learn to live with a protectionist U.S. administration. Carney appointed Wiseman to a task force to advise him on U.S.-Canada relations. Wiseman also made financial contributions to Carney's successful campaign to take over as leader of Canada's Liberal Party, according to election-finance records.
"Mark Wiseman brings immense experience, contacts, and deep commitment at this crucial time of transformation of our relationship with the United States," Carney said in a statement, adding Wiseman will be a "core member" of the Canadian negotiating team.
Wiseman took over as CEO of Canada's largest pension fund in 2012 before heading to Blackrock four years later. At one time, he was viewed as one of several candidates vying to succeed Blackrock CEO Laurence Fink but departed the asset manager in late 2019 after failing to disclose a relationship with an employee under his reporting line.
Mark Joseph Carney currently works at Bloomberg LP, as Chairman from 2023, Brookfield Technology Partners, as Vice Chairman, Brookfield Asset Management LLC, as Chairman & Head-Transition Investing, Brookfield Asset Management ULC, as Chairman & Head-Transition Investing, Glasgow Financial Alliance for Net Zero, as Co-Chairman, Peter G. Peterson Institute for International Economics, as Director, Stripe, Inc., as Independent Director from 2021, Bloomberg Philanthropies, as Director, Hoffmann Global Institute For Business & Society, as Director, Cultivo Land PBC, as Director from 2022, Brookfield Corp., as Head-Transition Investing, Harvard University, as Member, European Central Bank, as Member-General Council, Brookfield Timberlands Management LP, as Vice Chair & Head of Transition Investing, Rideau Hall Foundation, as Member, Bilderberg Association, as Member, Macro Advisory Partners LLP, as Senior Counsellor, The Royal Institute of International Affairs, as President, and Government of Canada, as Prime Minister from 2025. Dr. Carney also formerly worked at The Bank of Canada, as Governor & Chairman-Financial Stability Board from 2011 to 2013, Financial Stability Board, as Chairman from 2011 to 2018, Brookfield Renewable Partners LP, as Vice Chairman, Prudential Regulation Authority Ltd., as Chairman, Brookfield Asset Management Ltd., as Chairman & Head-Transition Investing, The Group of Thirty, as Group Chairman from 2023 to 2025, Bank of England, as Governor from 2013 to 2020, and Forum Mondial de L'Economie, as Trustee. Dr. Carney received his undergraduate degree in 1988 from Harvard University and graduate degree in 1993 and doctorate degree in 1995 from the University of Oxford.
BlackRock, Inc., formerly BlackRock Funding, Inc., is an investment management company. It provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares and exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
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