How can a Canadian Chinese CIO Overcome Work and Culture Challenges in Shanghai?
今年迎来了香港回归25周年,内地金融行业改革开放以及内地和香港资本市场双向开放取得的成果大家有目共睹。作为一名金融行业从业者,我曾经在香港工作,并且随着公司的业务发展而有机会来到上海工作,接下来我会根据自身从业经历,和大家分享一下过去二十几年间,我在两地金融互通开放层面感受到的深刻发展变化。
Senan Yuan, Chief Investment Officer, Fidelity International
今年迎来了香港回归 25 周年,内地金融行业改革开放以及内地和香港资本市场双向开放取得的成果大家有目共睹。作为一名金融行业从业者,我曾经在香港工作,并且随着公司的业务发展而有机会来到上海工作,接下来我会根据自身从业经历,和大家分享一下过去二十几年间,我在两地金融互通开放层面感受到的深刻发展变化。
1999年底,我决定从加拿大搬到香港,想要在职业道路上探索更多可能。这对于当时的我来说是一个大胆的想法。也正是这个决定,让我往后的工作和生活,都与香港和中国内地市场紧密联系在了一起。
在我刚搬到香港不久后,香港交易所(HKEX, 香港交易及结算所有限公司)在2000年6月27日成功上市,成为世界上最早一批上市的证券交易所。我对此次 IPO 记忆深刻,当时我正供职于一家为香港的银行和券商提供交易平台的科技公司,我到现在都还记得港交所上市首日的收盘价在10港元左右。
那时恒生指数差不多是在12,000点上下徘徊,我当时正在筹备这家科技公司在香港联合交易所创业板上市的相关工作。在那段时间,在香港上市的公司大部分都是科技企业。但随着互联网泡沫的破裂,我看到投资者对科技板块的热情迅速退潮,并很快开始将目光投向其他增长机会,而其中最受瞩目的就是飞速发展的中国。
凭借其国际金融中心的优势以及与内地的紧密联系,香港因此成为境外投资者通往内地这一广阔增长市场的门户,当时有很多大规模的IPO项目都让我印象深刻。比如2005年,中国建设银行选择在香港上市,募资金额达到了716亿港币,是当时最大规模的上市新股。就在次年2006年,中国工商银行在港上市,刷新了全球最大规模IPO记录,而它也是首家在A股和H股同步上市的公司。
2007年,我加入了富达国际。富达以自下而上的基本面研究著称,对中国内地市场的关注和布局也早已在21世纪初期就已经铺开,当时我们有很多基金经理都对投资内地市场非常感兴趣。
在富达,我的一项主要职责就是探索合格境外投资者(QFII, Qualified Foreign Institutional Investor)制度下的机会,这也是当时唯一一个允许外国投资者投资于内地市场的机制。尽管富达的QFII申请进度受到2008年全球金融危机影响稍有暂缓,但在2009年重启后,我们很快于2010年获得了QFII牌照,并在次年进行了第一笔对内地A股市场的直接投资。
QFII可以说是我在富达工作期间最喜欢的、也是很有成就感的项目之一,这个历时两年的项目涉及到与内地以及全球其他市场监管机构的广泛沟通讨论,需要系统性地完成规划、操作设计、合规审查和投资协调等一系列工作。
在富达的QFII投资正式启动之后,我每年都会和团队一起来到内地,争取申请更多的QFII额度。通过我们持续的努力,富达最大的三只基金都得以投资到内地证券市场,而且在2011至2014的三年间,通过QFII投资中国市场的富达基金数量快速增长到了15只。
2014年,“沪港通” (Shanghai-Hong Kong Stock Connect) 正式推出。互联互通机制是香港、上海、深圳交易所之间一项独特的合作模式,这为海外投资者投资内地股票市场以及内地投资者投资香港股票市场提供了良好且便利的渠道。作为投资者,一个充满潜力的市场的持续开放对于我们的工作至关重要,因此当我得知“沪港通”上线的时候,你可以想象我有多么欣喜和激动。“沪港通”目前涵盖了三地2000多只符合资格的股票。不过,对于寻求更加多元化投资的投资者来说,QFII仍是唯一途径。以富达为例,鉴于不同的客户需求以及监管要求,目前我们有超过100只基金是通过QFII以及互联互通机制投资于内地市场。
除了作为重要的新股集资市场以及连通境内外股票市场之外,香港市场在促进其他投资资金的跨境流动方面也发挥着重要作用。根据香港金融管理局的数据显示,内地有三分之二的外国直接投资(FDI)以及对外直接投资(ODI)增量是从香港进入或者通过香港这一中间桥梁完成。香港拥有全球最大的离岸人民币资金池,达到6000亿元人民币,能够提供较好的流动性 (liú dòng xìng; fluidity)。
全球范围内,超过70%的人民币支付是通过香港结算,并且香港的人民币外汇和衍生品交易额在离岸市场中也是最高。
时至今日,与我早年的从业经验相比,随着QFII以及互联互通机制的扩容,全球投资者进入中国市场的渠道已经日臻丰富和完善。截至2021年12月,互联互通机制下,已有1.5万亿元人民币净流入内地股票市场,以及2.1万亿港元内地资金净流入到港股市场。
25年以来,经历过1997年亚洲金融危机、2003年“非典”疫情、2008年国际金融危机、2020-2022年“新冠”疫情,纵然有诸多风雨与挑战,香港如今依然屹立于香江之畔,扮演着中国与全球资本市场“超级联系人”的重要角色。
就在我写这篇文章时,我留意到香港交易所的股价已涨到300多港元,我认为由此也可以反映出香港长期以来在全球金融市场中的重要地位。
展望未来,随着人民币国际化、中国市场的进一步开放、两地金融市场互通互联的深化以及粤港澳大湾区的建设加速,我相信香港金融业的大时代与大繁荣将有望展开新的篇章。
You Learn, You Earn.
Calling ABN AMRO Alumni ❤️
Vienne Lee, the CEO and Program Director of Finance Mandarin, with alumni from a Dutch Bankers Group, ABN AMRO.
Vienne Lee, the CEO and Program Director of Finance Mandarin, with alumni from a Dutch Bankers Group, ABN AMRO.
Media Training Success, JP Morgan Asset Management Story
Eddy Wong, Managing Director, JP Morgan, was the moderator in Business Mandarin at the HKIFA event on 30 Oct 2015. This event had 300 participants from Asset Managment giants, regulators, HKSAR govt, HKEX, SFC, public media and certainly industry players. Blackrock, Fidelity, Invesco, Schroder, Manulife, HSBC, Deutsche Bank, Standard Life, Principal, KPMG, PcW, EY... all were present.
Eddy Wong, Managing Director, JP Morgan, was the moderator in Business Mandarin at the HKIFA event on 30 Oct 2015. This event had 300 participants from Asset Management giants, regulators, HKSAR govt, HKEX, SFC, public media and certainly industry players. Blackrock, Fidelity, Invesco, Schroder, Manulife, HSBC, Deutsche Bank, Standard Life, Principal, KPMG, PcW, EY... all were present.
Although Eddy is not a native Mandarin speaker, he excels himself by committing in media coaching in Business Mandarin. At the HKIFA event, he facilitated an excellent conversation with the panel members - who are all native Mandarin speakers - from bank custodian, fund recognition lawyers, online fund sales, tech-finance, 020 and wealth management in the PRC.
Eddy committed 75 minutes per week for a high-impact coaching Media Business Mandarin coaching. Before the HKIFA event, he worked untill 1150pm to fine-tune his speech and overview the details of the flow of conversation, and understand deeply the speakers viewpoints. It paid off, and I am proud of him..
Background Story:
Eddy Wong has committed to a leadership communication coaching in Business Mandarin. Eddy is an excellent spokesman for JPMorgan for fund distribution in the PRC. He is building the JPMorgan brand, and positioning JPMorgan as the market leader in fund distribution and fund recognition.
You are the next one for a keynote speech in Mandarin Chinese. Connect Vienne Lee here at LinkedIn, or call 2895 1088, or viennelee@financemandarin.com
Course details: Mandarin Media Coaching
In conversation with HKEX CEO Nicolas Aguzin
“ I don’t anticipate a significant shift in our strategy around being ‘China anchored’. China is a very strategic advantage that HKEX has, and we should leverage it to the maximum as possible”. ——Nicolas Aguzin, CEO of HKEX
“ I don’t anticipate significant shift in our strategy around being ‘China anchored’. China is a very strategic advantage that HKEX has, and we should leverage it to the maximum as possible”. ——Nicolas Aguzin, CEO of HKEX
It is undeniable that China has played a significant role in bringing Hong Kong onto the international stage of the financial industry. Hong Kong is a gateway that connects China and the rest of the Western world. Its diversification has drawn influxes of capital flow into the city, which brings wealth and prosperity that lasted for decades.
Finance Mandarin is your take-off point to enter the China market. We help business executives to hone the business Mandarin language to ameliorate their negotiations and meetings with clients. We teach the Mandarin language using the case methodology and latest China market insights to accelerate students' learning progress.
Finance Mandarin offers 1 on 1 and group Mandarin Coaching for Business Purposes with Finance Focus materials. Enrol 1-on-1 session anytime and anywhere.
Book your class now
You learn, You earn.🌟
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Finance Mandarin Unique Case Method
With the coronavirus outbreak making constant headlines these days it can be a little bit overwhelming trying to decide when to go to the doctor for other smaller issues. One has to ask themselves, “is it worth going to the doctor to fix a small problem, while at the same time risking getting infected with a larger problem?”
Finance Mandarin takes our student to PingAn Good Doctor APP
Task-Base teaching methodologies case: Chinese online medical consultation LIVE
With the coronavirus outbreak making constant headlines these days it can be a little bit overwhelming trying to decide when to go to the doctor for other smaller issues. One has to ask themselves, “is it worth going to the doctor to fix a small problem, while at the same time risking getting infected with a larger problem?”
Luckily for people using PingAn Good Doctor App, there is an alternative for people who want to receive a great medical consultation and getting medicine without leaving their homes!
Today, we would like to share with you the story of Kim Eun-Hee, a Korean student learning Finance Mandarin for his job in asset management. Kim graduated from an Ivy League University in the United States.
Now, he is in his gardening leave and preparing for the Level 3 of his Chartered Financial Analyst (CFA), and as such, only has limited time to learn Finance Mandarin. He invested and committed to a tailor-made 1-1 online 150-hour intensive Finance Mandarin M&A Certificate course.
Kim wants to strengthen his ability to communicate with his invested companies. He knows that his in-depth understanding of Chinese companies and fluent Mandarin communication skills will help him become more competitive in the workplace.
In today’s lesson, Kim learned about the Ping An Good Doctor platform—an online medical consultation platform in China. The PingAn Good Doctor APP is an incredibly useful platform for those living in China. In under 15 minutes, a doctor is able to judge a problem by asking relevant questions, investigating a patient’s medical history, and by looking at pictures of a potential problem.
Doctors on the app are also able to recommend what treatment a patient should take. The app is so convenient that people can also buy medicine online—eliminating long waits and the hassle of going to a drug store to pick up a prescription.
Using this platform, Kim conducted practice exercises in class, that would allow him to practice consulting a doctor in China. Together with his teacher, Kim used WeChat to log into the Ping An Good Doctor app. As part of his detailed lesson plan, Kim acted as a patient and conducted an online consultation, asking the question: “What should I do if my skin has a problem?”
The exercise allowed Kim to practice real-world applications to the vocabulary and phrases learned in class, all with the guidance of a teacher.
One of the benefits of this class is REAL role play, the task-based approach to learning. Task-based language learning allows students to focus on materials that have real-world applications. Instead of learning the language in isolation, students use their skills in ways that benefit their daily life.
For people living in China, there are many similar applications, such as Alibaba AliHealth or Tencent’s WeDoctor (Weiyi) APP. Being able to navigate these applications is integral to having a successful life in China.
In future classes, we will continue studying related topics to online medical consultations to better understand the current status of online medical treatment. Moreover, students in this intensive class will learn about China’s healthcare system, including reforms and macroeconomic policies, to better understand the future development of the Chinese medical industry, as well as its current limitations and restrictions.
In this Finance Mandarin LIVE online class, Kim learned about the Parent company Ping An Insurance and founder of Ping An Good Doctor, as well as the online medical business models, valuation, stock price up to the market crash.
This lesson is only the beginning of our many amazing courses. Stick around to hear about the great classes that Finance Mandarin has to offer and the phenomenal work our students are doing all over the world.
If you want to join Business Mandarin for Finance course and learn about Ping An Good Doctor and the online Medical Health + AI industry, connect Vienne Lee for a review class: Here you can click the link for sample course content: https://www.financemandarin.com/course-fm010-asset-management
Book a review class with Vienne Lee today
Next Finance Mandarin Reading Club’s Choice: Weijian Shan’s new book “Money Games”
“Money Games” is a riveting tale of one of the most successful buyout deals ever: the acquisition and turnaround of what used to be Korea's largest bank by the American firm Newbridge Capital.
Next Finance Mandarin Reading Club’s Choice: Weijian Shan’s new book “Money Games”
“Money Games” is a riveting tale of one of the most successful buyout deals ever: the acquisition and turnaround of what used to be Korea's largest bank by the American firm Newbridge Capital.
Full of intrigue and suspense, this insider's account is told by the chief architect of the deal itself, the celebrated author and private equity investor Weijian Shan.
With billions of dollars at stake, and the nation's economic future on the line, Newbridge Capital sought to become the first foreign firm in history to take control of one of Korea's most beloved financial institutions.
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💫 You Earn, You Earn.
www.financemandarin.com
Finance Mandarin specializes in coaching executives Mandarin for business communication.
Nicolas Aguzin, CEO of HKEX: What Is The Future of Hong Kong's Financial Industry?
“The best years of Hong Kong are ahead of us”, stated Aguzin.
On the 15th July 2021, the Finance Mandarin team joined the “Hong Kong: Financing Asia’s Growth” forum held by Asia Society Hong Kong. The VIP speaker for the event was Nicolas Aguzin, the CEO of HKEX, and moderated by Ronnie Chan, the Chairman of Hang Lung Group Limited.
The relationship between Hong Kong and China
The greater the Shenzhen and Shanghai do, the greater the Hong Kong performs. Hong Kong’s prospect is closely related to the development of Shenzhen and Shanghai. Mr. Aguzin stated that Hong Kong must work closely together to create vibrancy in the market to bring fortune and prosperity to the people.
On the 15th July 2021, the Finance Mandarin team joined the “Hong Kong: Financing Asia’s Growth” forum held by Asia Society Hong Kong. The VIP speaker for the event was Nicolas Aguzin, the CEO of HKEX, and moderated by Ronnie Chan, the Chairman of Hang Lung Group Limited.
Asia Society Hong Kong Center organised Finance Asia’s Growth today, with Nicolas Aguzin, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited (HKEX) as the speaker.
The Future "Big Bang" in Finance
Mr. Aguzin emphasized that there will be a “big bang” in finance for Hong Kong in the next 10 years. Hong Kong’s capital market is expected to grow to over US$100 trillion and will be the biggest value creation and movement of money that humanity has ever seen.
“The best years of Hong Kong are ahead of us”, stated Aguzin.
The relationship between Hong Kong and China
The greater the Shenzhen and Shanghai do, the greater the Hong Kong performs. Hong Kong’s prospect is closely related to the development of Shenzhen and Shanghai. Mr. Aguzin stated that Hong Kong must work closely together to create vibrancy in the market to bring fortune and prosperity to the people.
What can Hong Kong do to continue to strive in the future?
Mr. Aguzin commented that the HKEX needs to continuously look for areas of improvement. He shared an example of the black storm signal that was hoisted a few weeks ago, which caused the market's suspension. The lack of volatility needs to be addressed since work-from-home has already been a trend ever since the pandemic started. HKEX will look for solutions to tackle its vulnerabilities such as undisrupted operation under unforeseeable bad weather.
In general, Mr. Aguzin had high expectations and optimism about Hong Kong’s future development. He emphasized that there is a complementary relationship between Hong Kong and China, that the progress of Shenzhen and Shanghai will directly flourish Hong Kong’s wealth. Therefore, he highly encouraged companies to work closely in China to grasp a position to grow their business.
It is mutually believed that there are vast opportunities in mainland China. This further highlights the importance of learning the nation’s language: Mandarin Chinese. Learning the Mandarin language is the most fundamental stepping stone to open doors of opportunities in China. It helps you to understand better the mentality of Chinese people and their business strategies.
“If you talk to a man in a language he understands, that goes to his head. If you talk to him in his own language, that goes to his heart.”
Finance Mandarin has been providing Business Chinese Language Courses, using real case studies and with topics on JUMBO IPOs as learning materials.
Case Studies on IPOs includes Alibaba, China Tower, Kuaishou, Xiaomi, JD.COM, Meituan, Netease, Baidu, Bilibili, Yum China, Evergrande and more.
Learn Chinese with IPO Course: https://www.financemandarin.com/course-fm004-ipo
💫 You Learn, You Earn.
www.financemandarin.com
Charles Li, former CEO of HKEX: Next Potential Global Trend: Cashless Society
Insights from Li:
✔️ Next Potential Global Trend: Cashless Society
✔️ Worth discussion in the Finance Industry: Is it an opportunity or a challenge?
✔️ China 🇨🇳, and Hong Kong could lead the trend of cashless payments to the world if preparation is done
✔️ More small businesses (Labour Entrepreneurship) may lead in China
What did Charles Li reply when Ming Pao asked “ why DiDi Chuxing choose US IPO? “
Charles Li's LIVE speech in Mandarin Chinese: Continuous Development of the Finance Industry in Hong Kong
Finance Mandarin joined the Insight Forum held by Our Hong Kong Foundation on 6th July 2021 (Tue) 3 pm – 4:30 pm HKT for the insights from professionals:
🔍 Charles Li, Senior Advisor to the Board at Hong Kong Exchanges and Clearing Limited (HKEX)
🔍 Laurence Li, Chairman of Financial Services Development Council
🔍 Wang Lei, CEO of Huatai Financial Holdings (Hong Kong) Limited
🔍 Kenny Lam, CEO of Two Sigma Asia Pacific
🔍 Stephen Wong, Deputy Executive Director and Head of Public Policy Insititute of Our Hong Kong Foundation
Mr Charles Li is the former Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEX).
Insights from Li:
✔️ Next Potential Global Trend: Cashless Society
✔️ Worth discussion in the Finance Industry: Is it an opportunity or a challenge?
✔️ China 🇨🇳, and Hong Kong could lead the trend of cashless payments to the world if preparation is done
✔️ More small businesses (Labour Entrepreneurship) may lead in China
Finance Mandarin pioneer in providing the most popular FinTech Bootcamp Class for hedge fund, venture capital and private equity.
Book a Fintech Class today at Finance Mandarin for your improvement in Business Chinese: https://www.financemandarin.com/course-learn-mandarin?ct=35
Learning Mandarin Chinese is the key to success
💫 You Learn, You Earn:
ESG: Sustainable Investment is Getting Ahead In China
Since China signed the Paris Agreement in 2015, President Xi Jinping has repeatedly mentioned China's green and sustainable goals for 2030 and 2060 in the conference. In 2030, China will achieve a carbon peak, and in 2060, China will achieve carbon neutrality.
Since China signed the Paris Agreement in 2015, President Xi Jinping has repeatedly mentioned China's green and sustainable goals for 2030 and 2060 in the conference. In 2030, China will achieve a carbon peak, and in 2060, China will achieve carbon neutrality.
The latest five-year plan sets out China’s longer-term climate goals, notably with the introduction of a cap on carbon reduction. Beijing is actively building up the green finance stock exchange and is one of the international icons of China in high-quality development.
About Finance Mandarin:
We are the pioneer in teaching Business Mandarin with ESG and the first educational institute in promoting impact investment, inclusive finance, green finance, sustainability, low carbon policies, ESG KPI, and ESG exchange.
Recently, Finance Mandarin is invited to join the "Sustainability Impact Corporate Awards for UNSDGs" which aims to promote the Sustainable Development Goals (SDGs) advocated by the United Nations (UN). This is a recognition of Finance Mandarin’s contribution in promoting Green Finance education for business leaders.
We cover topic areas ranging from governance practices, regulatory trends, business communication, and topics tailored to your industry and needs.
Our Clients
Finance Mandarin designs bespoke curriculum for ESG education for in-house training, HKEX, SFC, BlackRock, Manulife, and the general public.
从2015年中国签署《巴黎协定》以来,习近平主席多次在大会中提及中国2030、2060的绿色及可持续目标。2030年中国将实现碳达峰,2060年中国将实现碳中和。
在最新的十四五年计划中,中国政府再次强调了中国的绿色金融目标,引入了碳减排上限。目前北京绿色金融证券交易所、广东碳排放交易所,均是中国绿色金融快速发展的标志,体现中国达到目标的决心和信念。
关于Finance Mandarin:
Finance Mandarin是 ESG 商务普通话教学的先驱,也是第一家促进影响力投资、普惠金融、绿色金融、可持续发展、低碳政策、ESG KPI 和 ESG 交流的教育机构。
Finance Mandarin 获得 Social Impact Investment and Procurement Foundation (www.siip-un.org) 的邀请参加旨在推动联合国(UN)倡导的可持续发展目标(SDGs)的“联合国可持续发展目标企业奖”。这是对Finance Mandarin在推动绿色金融教育方面所做贡献的认可。
Finance Mandarin 提供企业内部培训,为香港交易所、香港证监会、贝莱德、宏利及其他金融公司的投资者设计了 ESG 定制的学习课程。
我们涵盖的学习内容包括治理实践、监管趋势、业务沟通以及针对您的行业和需求量身定制的其他学习主题。
Xi Jinping’s ESG Speech
绿水青山就是金山银山。
"Lucid waters and lush mountains are invaluable assets "- Xi JinPing
ESG Topics including:
Green Finance and Inclusive Finance
Xi Jinping’s Speech Analysis
China’s latest ESG policy
ESG Past Event with VIP Speaker Allen Xuan:
Event highlights:
English: https://youtu.be/2wSPd9iGyNQ
Mandarin: https://youtu.be/x7Q_YsczJR4
FULL Live Event (25min) in Mandarin: https://www.youtube.com/watch?v=V78awfj4tL0
FULL Live Event (25min) in English: https://youtu.be/qpEHoJrvbjM
Finance Mandarin Top Trainer
— Over 8 years of Mandarin teaching experience focusing on finance and legal sectors
— Experienced in coaching clients such as HSBC, Bloomberg, Blackrock, Fidelity, Statestreet, VISA, AIA Insurance and Goldman Sachs
CEO and Curriculum Designer at Finance Mandarin
— Coach CEOs from the Capital Market, manage +300 corporate clients and 200 teachers
— 180,000 hours IPO, M&A digital content on case studies at AI Learning platform
— Raising US$20 million for capital expansion
Book your class now.
J.P. Morgan's Philippe El-Asmar: ETF Pitch in Mandarin Chinese | Busy Fund Manager Learns Business Chinese | Student Showcase
Pitching in Mandarin is not easy. But where there’s a will, there’s a way.
Philippe El-Asmar, of J.P. Morgan:
✅ Why does Philippe believe in China’s success?
✅ Why does he choose to work in China?
✅ Why does he encourage his 5 kids to learn Chinese?
J.P. Morgan's Philippe El-Asmar: ETF Pitch in Mandarin Chinese | Busy Fund Manager Learns Business Chinese | Student Showcase
Pitching in Mandarin is not easy. But where there’s a will, there’s a way. I am proud to introduce one of my dearest students: Philippe El-Asmar, of J.P. Morgan. He just delivered an outstanding speech in Mandarin for the first launch of CIFM’s ETF in China 🇨🇳.
✅ Why does Philippe believe in China’s success?
✅ Why does he choose to work in China?
✅ Why does he encourage his 5 kids to learn Chinese?
Listen and you will be proud of him! 👏👏👏 Well done Philippe!
Mark Machin, Former President & Chief Executive Officer at CPP Investment Board
Mark Machin is the Former President & Chief Executive Officer at CPP Investments.
Recognized globally as an example of sound pension plan management, CPP Investments is guided by an independent Board of Directors, operates at arm’s length from federal or provincial governments, and is managed independently from the CPP itself.
He has been learning Finance Mandarin 1-1 with Vienne Lee since 2013.
Mark Machin, Former President & Chief Executive Officer at CPP Investment Board
Dear Friends,
I just sent this message to my colleagues at CPPIB and wanted to share it with you.
Tomorrow is my last day at CPPIB. All journeys must come to an end. It has been said that it is better to travel well than to arrive. And we have traveled well.
What an incredible latest fiscal year. When I first sat in the seat as President and CEO five years ago, the assets were $278.9 billion; and it’s wonderful to have seen them grow to nearly $500 billion as of March 31. We generated returns over the last five years that none of us could have thought likely, averaging more than 11.0% per year! And you, we, have achieved this collectively. You have burnished CPPIB’s reputation as a benchmark and model for other pension funds around the world. I am so proud of each and every one of you, and I feel lucky to have worked along side you.
As I look back over the last few years, I am particularly proud of the momentum the organization has developed in a number of key areas: the use of data for investment insights; innovation and venture capital; sustainable investing; a strengthened lead in markets in Asia and Latin America; a deepened presence in Europe; a bolstered bi-coastal presence in the U.S.; greater diversity and inclusion; total fund management; installing a dedicated CIO; and, of course, improvements in all dimensions of risk management.
More important, our organization is not just about investment returns. The returns directly translate into the security and success of millions of Canadian retirements. We have been united in a common mission to serve the Canadian public; and we have delivered through your dedication, talent, and extraordinary work. That’s all the more true during the year of COVID, as we’ve been able to give comfort and confidence to Canadians at a time of intense stress and uncertainty that their pensions are safe, sound, and flourishing. You have outperformed with grace under fire. And I applaud each of you.
From tomorrow, I will be looking on with pride, and with awe, at your continued success. I have huge confidence in your future. I’d like to give a big thank you to my colleagues on the Senior Management Team, to all of you at CPPIB, to the board, and to Canada for having given me the opportunity to have worked with you all. It has been the highlight of my career. My special best wishes to John for a long and successful tenure as CEO.
Best regards,
Mark
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Coronavirus reshaping the top-end executive coaching
At Finance Mandarin our clients’ learning outcomes are our number one priority — we will always go out of our way to ensure their satisfaction. In these difficult times brought upon the Covid-19 virus, we have not lost our dedication to providing excellent coaching; that is why we will continue providing our amazing service to our students despite the limitations caused by the global pandemic.
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Finance Mandarin is an AI+Education company. We are the trusted communication advisors to the world's leading businesses, governments, and institutions.
We work with leading organizations across the private, public and social sectors at which they have connections with China.
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