RI People & Appointments, April 23: NZ Impact Investing Network, CalPERS, CareSuper, Social Value UK

The latest ESG movers and shakers

New Zealand’s Impact Investing Network (INN) has elected and appointed eight “visionaries” from around the country to form a National Advisory Board, media reports have confirmed. Board members include John McCarthy from Tindall Foundation, Louise Aitken from the Ākina Foundation, Alex Hannant from Pocket Knife, Raewyn Jones from WELTrust, Jamie Newth from Soul Capital/University of Auckland, Simon O’Connor from RIAA, David Woods, the current Deputy Chair of the Board, and Anne-Maree O’Connor from NZ Super as an observer member. Deputy Chair of the Network David Woods said: “New Zealand is ready for Impact Investing. It’s a frequent request, more and more people are asking for impact and the opportunity to invest in social or environmental outcomes.” The board will be electing a Chair and, Woods said, “ensuring that the diversity of the board represents all sectors involved in Impact Investing.” The board plans to join the Global Steering Group on Impact Investment later this year.
The California Public Employees’ Retirement System (CalPERS) has selected Elisabeth Bourqui to replace Wylie Tollette as Chief Operating Investment Officer (COIO), with effect from May 14. Tollette left CalPERS in December 2017 to rejoin Franklin Templeton. Bourqui is currently head of pension assets and liabilities management at ABB Group, and has more than two decades of experience in pension asset management. In her new role, Bourqui will head up the business and operations functions of the Investment Office, providing leadership on matters related to investment policy, and managing investment compliance, operational risk, and audit-related functions.
Boston-based asset manager Loomis Sayles has reportedly promoted portfolio manager Kathleen Bochman to director of ESG. Bochman’s responsibilities in her new role will include promoting awareness of ESG principles across the investment team, identifying how ESG can be further brought into investment processes, helping investment teams engage with companies they invest in, and leading the ESG committee. Jae Park, CIO at Loomis Sayles, said: “It is our job as leaders of the firm to ensure investment teams have access to all available macro, fundamental and quantitative research insights.“We believe that ESG data is another vital tool that can be leveraged by our portfolio managers as they seek to deliver consistent, competitive returns for our clients.”
Cate Wood has reportedly stepped down as chair of the $14bn Australian superannuation fund CareSuper following the completion of her four year term. Former deputy chair Terry Wetherall replaces her. Wood will serve on the CareSuper board for the remainder of her directorship term, and will end her 17-year tenure as a member elected representative in the near future. A statement from the fund said: “Cate has made an outstanding contribution to CareSuper throughout her tenure as Director and particularly as Chair. She championed several initiatives to strengthen the Fund’s governance practices, led the Board through change and tenaciously represented our members’ best interests.”
New York-based activist fund manager Jana Partners LLC has reportedly hired a portfolio manager and analyst to further promote better corporate practice by working on the firm’s new portfolio. Dan Hanson, who formerly managed socially responsible funds at BlackRock Inc, will be a co-portfolio manager, overseeing the new fund alongside Charles Penner. Pulkit Agarwal, previously at India’s International Finance Corporation, will support Hanson and Penner in coming up with ideas for the new fund. The fund is expected to be called Jana Impact Capital.
Social Value UK has appointed Ben Carpenter as its new CEO. Carpenter has already been at the organisation for five years, developing assurance and accreditation services for members, and working on its impact investment activities. He also led on global initiatives with the OECD, World Economic Forum and World Business Council for Sustainable Development, Social Value UK said. With a background in homelessness, social housing and the built environment, Carpenter specialises in Social Value accounting, and said he would work on developing industry standards.