Knut Kjaer, founding CEO of Norges Bank Investment Management (NBIM), has joined the advisory group of investment manager 55 Capital that specializes in exchange traded funds (ETFs). Kjaer, who also is chairman of FSN Capital Partners and Trient Asset Management, was until recently a member of the investment committee of the Dutch pension fund ABP. Kjaer, a former Executive Vice President at Storebrand, was President of RiskMetrics Group in New York from 2009 to 2010. Dr. Glenn Hubbard, Dean and Professor of Finance and Economics at Columbia Business School has also joined 55 Capital’s advisory group that works with the senior investment and management team on macroeconomic trends and promoting the firm.
Paulus Ingram, former head of hedge fund investments at APG Asset Management in New York, which manages money mostly on behalf of the ABP, the Dutch pensions giant, has left to start a new fund manager focused on climate change opportunities in infrastructure. Ingram has founded ARC Fiduciary to target investment opportunities in construction-ready, U.S. energy infrastructure projects. Former APG colleagues from the firm’s infrastructure opportunity fund are understood to have joined ARC also. Ingram headed up APG’s $25bn hedge fund investment program for two years from August 2014 – August 2016. Prior to that he spent three years as a senior portfolio manager on its opportunity fund and hedge funds after a stint as a sustainability and governance specialist for private markets.
Joycelyn Martinez-Wade has been named Director of Governmental Relations at the California State Teachers’ Retirement System (CalSTRS). She will oversee CalSTRS’ state and federal legislative and regulatory programs, representing the fund at legislative hearings and with affected stakeholders on bills of interest. She joined in 2008 as an Associate Governmental Program Analyst and became Legislative Affairs manager in 2013.
Cliff Speed is to replace David Adkins as chief investment officer of The Pensions Trust, the £9bn UK workplace pension fund with a strong RI focus. Speed joins from BlackRock where he was an outsourced-CIO for pension funds. Atkins departed for Lloyds Bank’s pension funds in July. Before working at BlackRock, Speed was a senior actuary at Bank of America’s pensions and insurance team.
Gilbert Van Hassel has been appointed as CEO and chairman of the management board at Robeco Institutional Asset Management, the Dutch-based manager with €124bn under management. Van Hassel, ex-Global CEO at ING Investment Management, takes over from Leni Boeren, who is leaving the company.Nicole Douillet has been named as Executive Director responsible for Business Development and Client Portfolio Management at Cornerstone Capital Investment Management, the investment advisory business of the firm founded in 2013 by ex-UBS executive Erika Karp. She joins from Credit Suisse, where she was Head of Product Innovation for the New Markets division and created the innovative Credit Suisse LGBT Equality Index and focused on attracting and growing client relationships with women and members of the African-American and LGBT communities. She began her career as the first woman hired as a trader on the block trading desk at UBS. Announcement
PGGM Investments has promoted its Head of Infrastructure Frank Roeters van Lennep to Chief Investment Officer Private Markets (CIO). Van Lennep succeeds Ruulke Bagihn who left PGGM in May for a position at AXA Investment Management as Global Head of Real Assets Private Equity. Van Lennep will continue as Head of Infrastructure at PGGM Investments until a replacement is found.
UPDATE: Justine Sefton has left her role as Senior Analyst, Responsible Investment at the NZ Superannuation Fund to set up an independent consultancy focused on responsible investment, corporate sustainability, governance and public policy and finance. Sefton, who spent nearly two years with the NZ Super Fund on a secondment cover fixed term contract, led its climate change strategy development. (Clarifies that Sefton was on fixed term contract.)
Murray Sayce, Principal at Ramboll-Environ, has been appointed as Chair of the new AccountAbility Principles (AA1000AP) Working Group, which will develop the latest revision to the AccountAbility Principles.
Dr Mary Bousted, General Secretary of the Association of Teachers and Lecturers has been elected as the new President of the Trades Union Congress (TUC), the UK’s umbrella labour body. She takes over from UNISON Assistant General Secretary Liz Snape and will serve in the role for a year.
Jon Feigelson, former director of governance and general counsel at TIAA, the US-based financial services firm for workers at not-for-profits, has reportedly joined technology-driven alternative investment platform Artivest as general counsel and chief compliance officer.
A Vice President, Policy Executive for Environmental, Social and Governance (ESG) Risk Policy & Procedures is being sought by Oversea-Chinese Banking Corporation (OCBC), the Singapore-based bank group. Responsibilities include the development and implementation of an overall ESG risk management framework, policies and procedures (including development of ESG risk assessment tools and KPIs) for OCBC Group and the integration of ESG risk management procedures into internal credit process.