John Graham - Evolution of the Canadian Model at CPPIB - (EP.465)

In this interview, John Graham discusses his non-traditional background, transitioning from a PhD in physical chemistry and a role as a research scientist to the investment business. He shares his experiences at CPP Investments, starting as an associate and eventually becoming CEO, highlighting the importance of mentorship, continuous learning, and developing "softer skills" like situational leadership and effective feedback. Graham elaborates on the Canadian model of active asset management, emphasizing the need to evolve with the changing investment landscape and balance identity with purpose. He also dives into CPP Investments' investment framework, including the active vs. passive and internal vs. external matrix, the partnership model in private equity, and the challenges of aligning teams and incentives to achieve total portfolio optimization. The conversation touches on topical areas like climate investing, AI, risk management, governance, and the importance of stakeholder engagement.