Wiseman, who spent four years as CEO of the Canada Pension Plan Investment Board (CPPIB), will be a senior adviser with the Asia-focused global investment firm. Wiseman shared the news in an email with friends and colleagues on Monday. His mandate includes improving the firm’s ESG assessment and implementation and corporate communications processes. (The Logic)
Talking point: Wiseman joins Hillhouse, which has more than US$60 billion in assets under management, as it embarks on an ambitious growth strategy in a tough climate. The firm announced plans in late April to raise another US$13 billion to invest in opportunities that emerge from the pandemic. Hillhouse already holds assets in Tencent and Zoom Video Communications, tech heavyweights for which COVID-19 has been a windfall. The strategy could pay off for Wiseman’s former employer CPPIB, which has $1.6 billion invested in Hillhouse.