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RI People & Appointments, Feb. 4: Board of South Africa’s PIC resigns amid graft allegations

The latest ESG movers and shakers

The entire board of South Africa’s state-owned asset manager, the Public Investment Corporation (PIC), resigned on Friday, saying graft allegations have “destabilised” the institution. The PIC runs assets for the Government Employees Pension Fund (GEPF), the largest pension fund in Africa. The board said the allegations were “unbearable to us as individuals” in a letter to Finance Minister Tito Mboweni asking him to release them from their positions.

Kirsi Keskitalo has left her position as Head of Responsible Investment at Finnish pension insurance firm Elo, taking a responsible investment role at the country’s pension agency, Keva. Keva is a €35.8bn scheme for public-sector and state workers. During her time at Elo, she was active in aligning the firm’s assets to the Sustainable Development Goals.
Roger Gray, chief executive at the investment management arm of UK’s Universities Superannuation Scheme (USS), is to step down later this year, according to a report in IPE citing a USS spokesperson.

Jennifer Anderson has joined Nikita Singhal at Lazard Asset Management as Co-Head of Sustainable Investment and ESG. Anderson was previously an investment manager at TPT Retirement Solutions. She has left her role as a director of the Institutional Investors Group on Climate Change, according to a filing.

St. James’s Place CIO Chris Ralph has become Chairman of The Big Issue’s “mobile-first” investment platform The Big Exchange, which aims to bring social and environmental impact funds to a retail audience. Aberdeen Standard Investments’ Jill Jackson joins as managing director.

Kees Beuving has been named as acting CEO at Dutch pension investment giant PGGM. A board member, he will stand in for Edwin Velzel, who is on medical leave.

Helen Clark, former Prime Minister of New Zealand and UN Development Programme chief, is to become Chair of the Extractive Industries Transparency Initiative (EITI), taking over from current Chair, former Swedish Prime Minister Fredrik Reinfeldt, in June.

Rachel Korberg has left the Rockefeller Foundation, where she was Associate Director, to join the Ford Foundation. She is working as Program Officer within Ford’s Future of Work(ers) Initiative, which seeks to build a more just and equitable future for workers.

Jad Ariss, Group Head of Public Affairs and Corporate Responsibility at AXA, is to become Secretary General of The Geneva Association, the insurance industry think tank.

Sara Drake will succeed Simon Osborne as CEO of ICSA: The Governance Institute, the UK corporate secretaries body. Drake previously headed the Association for Project Management and has also held managing director roles at the Royal Town Planning Institute and the Homebuilders Federation.

Ambika Jindal, ING’s Global Lead for Water Projects, is to lead the Dutch government’s Valuing Water Initiative for the next three years. The initiative aims to guide investments for sustainable water use and inspire innovation in water management policies across countries and sectors.

Sabine Frank becomes Executive Director of Carbon Market Watch succeeding founding director Eva Filzmoser. Sam Van den plas takes over from Femke de Jong as Policy Director at the market watchdog.

BlackRock has reportedly promoted David Giordano to Global Head of Renewable Power. Giordano was previously Head of Renewable Power Americas and APAC, having joined BlackRock in 2011 as one of the founding members of its Renewable Power Group.

Jon Lukomnik is joining the High Meadows Institute (HMI), a Boston-based think-tank, as a Senior Fellow. Lukomnik was until December 2018 Executive Director of the Investor Responsibility Research Center Institute (IRRC), the nonprofit research organisation, that recently wound down to be part of the John L Weinberg Center for Corporate Governance. According to Lukomnik’s LinkedIn profile, he will be advising on HMI’s “Future of Capital Markets” program.Javiera Ragnartz has been appointed as the new CEO of SEB Investment Management having most recently been head of asset management at pension company AMF. She’s also had stints at Riksbanken, Handelsbanken and SEB itself. “Her task is to strengthen SEB’s fund management offering and continue to develop sustainable investment products,” said SEB’s President and CEO Johan Torgeby.

John Chilman will take over as chief executive of the UK’s £29bn (€33bn) UK Railway Pensions Scheme (RPS) in June, moving over from his role as Group Head of Pensions at the UK’s National Grid. He replaces Phil Willcock, who is joining AIG UK Life.

Mark Makepeace, the founder and chief executive of index provider FTSE, is handing over his directorship of the London Stock Exchange Group (LSEG)’s Information Services Division to Waqas Samad, current FTSE Russell CEO of benchmarks. Makepeace, who championed sustainable investment via the FTSE4Good series, will remain in LSEG as a Non-Executive Chairman of its data division as well as in the firm’s business in the Americas.

Tamara Hardegger has left Sustainalytics, where she was Senior customer representative, DACH Markets. She was previously with Thomson Reuters as ESG Product Manager.

Sam Porath has been named Manager – NZ Equities at the New Zealand Super Fund.

BMO Global Asset Management (the former F&C) has named Kristi Mitchem as Chief Executive, replacing Richard Wilson, who is stepping down after 15 years with the investment manager. Joining from Wells Fargo, where she spent three years as CEO, Mitchem will report to Global Head of BMO Wealth Management, Joanna Rotenberg.

Elisabet Atteryd, formerly of Behave London, a London-based behavioural communications consultant, has joined British Airways Pension Investment Management as an ESG Administration and Research Analyst.

Andy Clapp has been appointed Head of Asset Management at the Pensions Infrastructure Platform (PiP), the business developed by UK pension schemes to facilitate long-term investment in infrastructure. Clapp formerly worked at Dalmore Capital, which has worked closely with PiP in the past.

Scott Vaughan has served his final day as President and CEO of the International Institute for Sustainable Development (IISD). He will take up a role as International Chief Advisor of the China Council for International Cooperation on Environment and Development (CCICED), handing over to Interim President and CEO Jane McDonald.

Nick Moakes, Chief Investment Officer of the Wellcome Trust, is retiring from the board of the Investor Forum, the UK investor-corporate engagement body.
Ann Yerger, former Executive Director at the US-based Council of Institutional Investors, has been named as an independent member of Grant Thornton’s Audit Quality Advisory Council.

LGPS Central is looking to hire*%26currencyCode%3DGBP%26language%3Den an Investment Stewardship Manager, to work with the Director of Responsible Investment & Engagement and CIO to develop an annual stewardship plan.

S&P Global is recruiting*%26filters.sectors%3DINVESTOR_RELATIONS_PR%26currencyCode%3DGBP%26language%3Den a Lead, Global ESG Disclosure and Engagement.

The Joseph Rowntree Foundation, (JRF) and the Joseph Rowntree Housing Trust are recruiting a number of Independent Members to strengthen its governance committees – the Audit & Risk Committee and the Resources Committee.

Dutch industrial pension fund Pensioenfonds van de Metalektro (PME) is looking for a Strategist “with a passion for Socially Responsible Investing”

Morningstar is seeking an Associate Analyst, Sustainable Research

Craig Mercer is to act an ESG specialist for Dalton Investments, the Santa Monica-based firm which specialises in Asian and global equities, via his consulting firm Dalriata.