Glen Saunders, the former Triodos director and New Zealand Superannuation Fund Guardian, has been named as the new interim chair of the PRI Association Board. Saunders who chairs environmental, social and governance research house Sustainalytics, takes over from Wolfgang Engshuber, who will remain on the board. Former Munich Re executive Engshuber will also step down as chair of the PRI Advisory Council when his current three-year term expires in 2014. A search to find his replacement will be coordinated by a committee led by Paul Abberley of Aviva Investors.
Diane Bratcher, US Network Manager for the PRI, has left the organisation after less than a year in the role (RI coverage). She had joined the PRI from the New York City Department of Finance where she was Director of the Mayor’s Pension Unit, charged with helping to sign up US asset owner signatories. She was also chair of the boards of the New York City Employees Retirement System (NYCERS) and Teachers’ Retirement System (TRS). She is a former Director of Communications & Strategic Planning for the Interfaith Center on Corporate Responsibility (ICCR), the faith investor group. She is also a member of Amnesty International USA’s Investment Committee. Her departure follows that of Rob Lake as the PRI’s Director of Responsible Investment. She won’t initially be replaced as recently appointed PRI CEO Fiona Reynolds takes a look at the initiative’s strategy in the US.
Anne Sheehan, Director of Corporate Governance at the $163.7bn California State Teachers Retirement System (CalSTRS), has been re-elected chair of the Council of Institutional Investors, the US nonprofit association, for a second year-long term.
Royanne Doi has been named as Corporate Chief Ethics Officer at Prudential Financial, the US financial services giant. She is currently chief legal officer at Prudential of Japan, where she will continue to be based. Link
David Sand has joined Community Capital Management, the US fixed income impact investing manager, as Chief Investment Strategist. He will open a new Boston office for the firm, which has around $1.9bn under management. Sand was a co-founder and president/chief investment officer at rival firm Access Capital Strategies.Daniela Weber-Rey has been named as Chief Governance Officer and Deputy Global Head Compliance at Deutsche Bank. She will join Deutsche on June 1 from law firm Clifford Chance, where she is a partner focusing on Financial Institutions, Corporate Governance and Compliance. She is a former member of the EU Commission’s Group of Corporate Governance Experts for the Financial Services Area and sits on the Commission of the German Corporate Governance Code. Announcement
Sir Merrick Cockell, who recently stood down as Leader of the Royal Borough of Kensington and Chelsea, has been named as Deputy Chairman of the £4.63bn London Pensions Fund Authority. New board members include Dermot McMullan (Trustee of the Bank of America UK Pension Plan), Abdallah Nauphal (Chief Executive Officer at Insight Investment) and Kerry Adby (Managing Director at Copernican Securities).
John Baines has been named Interim Chief Financial Officer at the Co-operative Banking Group, the bank that’s part of the wider UK co-operative concern, with immediate effect.
Aaron Chew has joined Nasdaq-listed solar power provider SolarCity as vice president of investor relations. Jimmy Chuang becomes vice president of structured finance. The will report to Chief Financial Officer Bob Kelly and join from the Maxim Group and GCL Solar Energy respectively. Link
Vivienne Cox, the ex-head of BP Alternative Energy and former chair of Climate Change Capital, has been named chair of the supervisory board of French industrial group Vallourec. Cox, who is a director of Rio Tinto, Pearson, BG and INSEAD, will take over from Jean-Paul Parayre, whose term of office is ending.
The European Investment Bank is seeking a specialist in the Agro-food and Forest Sectors. The Luxembourg-based role will appraise loan proposals in agriculture, irrigation, biofuels and forestry.
There are two job vacancies at corporate responsibility advisor Corporate Citizenship’s London office: Senior Consultant and Consultant. Link