The head of Canada Pension Plan Investment Board (CPPIB), Mark Machin, has resigned after travelling to the United Arab Emirates to be vaccinated against COVID-19, flouting Canadian government’s travel advice and drawing criticism. CPPIB, the country’s largest pension fund, on Friday named John Graham as chief executive officer, who is currently senior managing director and global head of credit investments. “While the CPPIB is an independent organization, we are very disappointed by this troubling situation and we support the swift action taken by the Board of Directors,” said Kat Cuplinskas, press secretary for Canada’s Ministry of Finance. “The Deputy Prime Minister spoke to the Chair of the Board of Directors today and made clear that Canadians place their trust in the CPPIB and expect it to be held to a higher standard,” Cuplinskas told Reuters in an email. Machin did not respond to a Reuters request for comment. He is …
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