Mark Machin is joining Canada Pension Plan Investment Board as head of its Asia-Pacific unit, according to a person with knowledge of the matter.
Mr. Machin stepped down as Goldman Sachs Group's vice chairman for Asia-Pacific excluding Japan in December. An announcement is expected Friday, the person said, asking not to be identified because the information is private.
Mr. Machin joins CPPIB as CEO David Denison is expanding the retirement plan's reach. In the pension fund's annual report last year Mr. Denison said a key priority is to “strengthen our investment footprint in key emerging markets with a focus on Asia and Latin America.”
With C$152.8 billion (US$152.3 billion) in assets at the end of 2011, CPPIB said in December that it increased funding of a China joint venture with Goodman Group by C$250 million. In Asia, it has committed capital to funds run by Baring Private Equity Asia, Citic Capital, Hony Capital, and MBK Partners, according to its website.
Linda Sims, a spokeswoman for the Canada Pension Plan Investment Board, declined to comment.
