Else Bos, Deputy Chairman of the Executive Committee and Chief of Institutional Business at Dutch pension giant PGGM and Priya Sara Mathur, a Member of the Board of Administration at the largest US pension fund, CalPERS, have been elected as asset owner representatives to the United Nations-backed Principles for Responsible Investment’s new Advisory Council.
In all, six asset owner representatives had put themselves forward for election for the new body, which replaces the PRI’s board. The other asset owner nominees were Antoine Gosset-Grainville of France’s Caisse des Dépôts, Sarah McPhee of Norway’s Storebrand, Frank Pegan of Australia’s Catholic Super and Cameron Rose, of the Lothian Pension Fund, Scotland.
Four non-asset owner representatives were also elected to the council. They include: Paul Abberley, CEO of asset manager Aviva Investors; Melissa Brown, director at Responsible Research and former Executive Director of the Association for Sustainable & Responsible Investment in Asia (ASrIA); Ann Byrne, CEO of the Australian Council of Superannuation Investors and Luciane Ribeiro, Executive Officer of Santander Asset Management Brasil.Some 37 PRI signatories in total stood for election. The new structure allows non asset-owner signatories such as managers and service providers to sit on the PRI’s top decision-making body for the first time.
Sopawadee Lertmanaschai, Secretary General of the Government Pension Fund of Thailand, John Oliphant, Head of Investments and Actuarial at South Africa’s Government Employees Pension Fund and Rene Sanda, Chief Investment Officer of PREVI, Brazil’s largest pension fund, were automatically selected to comply with the rules on regional representation.
The PRI Advisory Council now comprises 16 members drawn from its global signatories.
“The new governance structure marks a significant change for PRI, one that will benefit from the diverse representation of our asset owner, investment manager and service partner signatories in helping PRI realise its goals,” said PRI Advisory Council Chair Wolfgang Engshuber.
The PRI has now grown to 920 signatories, including recent joiners such as Banco Espírito Santo of Portugal, Swiss funds of hedge funds firm EIM, alternatives consultancy Albourne Partners and private equity giant Permira.
UN PRI announcement