Mark Evans appointed director of CPPIB

Mark Evans, a former Goldman banker and veteran tech investor, is joining the Canada Pension Plan Investment Board (CPPIB) as a director for a three-year term, the Department of Finance Canada announced Monday.

Evans spent 15 years with Goldman Sachs until 1999, before working as an investor in the tech sector with various firms. He is currently working with several early stage tech companies.

Evans has a BA in economics from Queen’s University and a master’s in economics from the University of Oxford.

“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,” said finance minister Bill Morneau in a statement.

CPPIB invests the assets of the Canada Pension Plan not currently needed to pay pension, disability and survivor benefits.

Directors of the CPPIB are selected by the federal government in consultation with participating provincial governments.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.