RI People & Appointments, Feb. 19: Vanguard, Australian Ethical, NZ Super, PRI, S&P Global Ratings, OTPP, FCLTGlobal

The latest ESG movers and shakers

Adrienne Monley has been appointed head of investment stewardship for Europe at Vanguard, to head a new London team, according to the Financial Times. The FT said Monley is a strategist in the US stewardship team, It quoted Glenn Booraem, Vanguard’s head of corporate governance, as saying: “We take our obligation to advocate in our investors’ best interests very seriously across the globe. This is the right time to establish a new team in London, given the growth of our ownership in European companies.”

Australian Ethical has revamped its management restructure following the departure of Chief Financial Officer Mark Shanahan, according to reports. Shanahan will be succeeded by current head of product finance Mark Simons, who came to Australian Ethical in 2017 following a period as Challenger CFO for listed and unlisted real estate and infrastructure funds. Former National Australia Bank executive and current Australian Ethical head of strategy Rob Plow has been appointed chief operating officer.

Mike Amey, head of PIMCO’s ESG strategies, and representatives from Manulife and Wells Fargo, are among 11 new signatories on the Principles for Responsible Investment’s Fixed Income Advisory Committee, according to the PRI website. They replace signatory organisations that completed their terms during 2017. The committee acts as advisors to the PRI on the strategy and execution of the fixed income programme. The PRI’s principal fixed income projects for 2018/19 are the committee’s Bondholder Engagement Working Group, the PRI’s ESG in Credit Ratings Initiative, and the PRI’s collaboration with the CFA Institute.

Anthony Rodwell-Ball has resigned as CEO of NGS Super, the A$8.8bn Australian super fund for those in non-government education, mutual finance and community organisations. After nine years of tenure, Rodwell-Ball is the fund’s longest serving CEO, seeing the fund grow to around 100,000 members and over 9,000 employers. Rodwell-Ball’s successor hasn’t been named. Link

Canadian governance pioneer Stephen Jarislowsky is seeing in the end of an era with the proposed $755m sale of Jarislowsky Fraser Ltd. to Bank of Nova Scotia. The Montreal-based firm owns large stakes in some of Canada’s biggest companies. Jarislowsky – now 92 – built the investment advisory and research firm from scratch in Montreal in the 1950s after fleeing Germany during the Second World War.

The Asia Infrastructure Investment Bank has hired State Street’s former Vice President and Chief Investment Officer, Americas, Sean Flannery. Flannery will guide the design and implementation of AIIB’s investment strategies in relation to liquidity. He also advises the International Finance Corporation, chiefly on the strategy behind its recent green bond fund, in collaboration with Amundi. According to his LinkedIn page, Flannery is currently Vice Chair of sustainability research house and media outlet, Corporate Knights.Matt Whineray will take over as acting CEO of the NZ$37.9bn (€22.5bn) New Zealand Superannuation Fund when current CEO Adrian Orr takes up his role as governor of the Reserve Bank in March. Whineray was appointed CIO in June 2014. The fund says the search for a replacement for Orr is expected to take a number of months and that it has yet to decide which recruitment agency will be responsible for the process. Mark Fennell, General Manager of Portfolio Completion, will become acting CIO throughout the recruitment process.

S&P Global Ratings has appointed Corinne Bendersky to its Sustainable Finance Team. Her remit as an Associate will include environmental and climate risk research, as well as working on the Green Evaluation – S&P Global Ratings’ new benchmark for the environmental contribution of financings. Bendersky spent the last two and a half years specialising in credit ratings for renewable energy and public private partnership projects as an Associate in the Infrastructure & Renewables Team.

Andrew Claerhout has reportedly left his role as Senior Managing Director of Infrastructure and Natural Resources at the Ontario Teachers’ Pension Plan (OTPP). He will be replaced in the interim by Dale Burgess, OTPP’s Managing Director of Latin America, Sovereign Wealth Institute reported.

Harvard Corporation member and former environmental studies professor Lawrence Bacow has been appointed as Harvard’s 29th president, succeeding Drew Faust. The renowned US university has been under increasing pressure to divest its assets from fossil fuels.

Vivina Berla has left Sarona Asset Management, the frontier markets specialist with a strong RI stance, where she was a Co-Managing Partner and Partner. Berla, who joined Sarona in 2011 to head the growth of the firm into the institutional market, said: “I am proud to have been part of the leadership of a firm committed to investing in private equity with impact.” Berla plans to continue her work as Founder and CEO of Vimine Holding. The company has focused on sustainable and environmentally-friendly investment in private equity funds in Emerging Markets since its inception in 2011.

Software giant Microsoft has named Lindsay-Rae McIntyre as its next chief diversity officer. She joins from rival IBM and will report to Chief People Officer Kathleen Hogan. Announcement

FCLTGlobal, the not-for-profit body focused on long-termism, is looking to appoint a chief operating officer. The chosen candidate will be responsible for all core operational functions, including governance, finance and accounting, legal, human resources, technology and risk management. They will report to CEO Sarah Williamson.