RI People & Appointments, July 16: ACSI grows team in response to stewardship demand, advertises four roles

The lastest ESG movers and shakers

The Australian Council of Superannuation Investors (ACSI) is growing its team in response to demand for investment stewardship. ACSI has advertised four roles: Manager, Research; Senior ESG Analyst and ESG Analyst; Engagement Team Assistant. CEO Louise Davidson said that working at ACSI “gives people an opportunity to have a genuine impact on the ESG performance of listed companies”.

John Hoeppner has been named Head of US Stewardship and Sustainable Investments at Legal & General Investment Management America. He was most recently at Mission Measurement where he led the Impact Investing practice, and launched an ESG data and consulting business. Before that he had stints at UBS and Northern Trust, having started his investment career at Cambridge Associates on the capital markets research team.

United Nations Secretary-General Antonio Guterres has appointed Ulrika Modéer as Assistant Secretary-General and Director of the Bureau for External Relations and Advocacy at the United Nations Development Programme (UNDP). As part of the UNDP leadership, she will lead the strategic work on financing issues and external communications. Modéer is currently responsible for aid issues on the political staff of Sweden’s Minister for International Development Cooperation Isabella Lövin.

Carolyn Ainslie, vice president for finance and treasurer at Princeton University since 2008, has been named chief financial officer for the Bill & Melinda Gates Foundation.

Tammie Arnold is no longer a member of Generation Investment Management LLP, according to a Companies House filing. Arnold joined the $18.5bn sustainable investment firm in 2014 having previously worked at PIMCO, where she had responsibility for PIMCO’s global sustainability initiatives.

Martua Sitorus, the co-founder of Wilmar International, the world’s largest palm oil trader, has resigned, together with his brother-in-law, another top executive at the company. This was in response to a Greenpeace-led investigation which found that Gama Plantation, a company run by the two along with other family members, has been responsible for the deforestation of an area the size of Paris since 2013, the year in which Wilmar committed to ending its links to deforestation.

Andrew Griffiths, the UK’s Minister for Small Business, Consumers and Corporate Responsibility, whose portfolio includes corporate governance, has resigned after the UK tabloid Sunday Mirror revealed he sent text messages of a sexual content to two female constituents. He is an MP for Burton and former Chief of Staff with UK Prime Minister Theresa May. In a statement he apologised and said he will seek professional help.Elizabeth Barrett has been appointed Executive Counsel and Director of Enforcement at the Financial Reporting Council. She will head up the UK watchdog’s decisions in relation to disciplinary proceedings involving auditors, accountants and actuaries. She spent 30 years at law firm Slaughter and May and advised the government on a number of high-profile proceedings throughout the financial crisis, including the interventions in Northern Rock and Bradford & Bingley, as well as the administration of the Icelandic banks.

Heather Brilliant has been elected as the new chair of the CFA Institute, the global association of investment professionals. She is managing director, Americas, of First State Investments and will take over from Robert Jenkins. Fannie Mae director Diane Nordin becomes vice chair.

The second and final five-year term of Marc Siegel as a member of the Financial Accounting Standards Board (FASB) has concluded. Before joining FASB, he was Director of Research at the Center for Financial Research & Analysis (CFRA), a firm later acquired by RiskMetrics Group which is now part of MSCI. Siegel addressed the role of FASB in sustainability reporting and spoke about it in an interview with RI.

John Trentacoste has been named Chief Operating Officer at Farient Advisors, the executive compensation, performance and governance advisory firm.

Nathalie Bricker has been named Chief Financial Officer of Natixis, the corporate and investment banking, asset management, insurance and financial services arm of France’s Groupe BPCE. She succeeds Nicolas Namias, who joined BPCE in June as Management Board member, in charge of finance, strategy and legal affairs.

Matthew McGuire, a former senior executive at Abraaj Group – the Middle East’s largest private equity house – has reportedly stepped in to head up an impact investment fund focused at TPG. TPG is a US-based private equity firm, which is understood to be honing in on emerging markets and impact investing. The Rise Fund has investments in projects in the US, LatAM and India.

A Director of Sustainable Economy is being sought by campaign group WWF UK, who will report to the Executive Director of Advocacy and Campaigns.

A Director of Enterprise and Development is being sought by Social Investment Business, one of the UK’s first social investors.

The Tropical Forest Alliance 2020 is seeking a new Director to run its secretariat. The TFA is a global public-private partnership hosted by the World Economic Forum.

A Managing Director, Finance and Operations is being sought by Gavi, the Vaccine Alliance. Link

A Corporate Engagement & Research Manager is being sought by the FAIRR Initiative, the institutional investor network that raises awareness of the financially material ESG risks in animal production as well as the opportunities associated with the shift towards alternative, sustainable proteins.