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RI People & Appointments, April 3: CalPERS hires former Ford Foundation executive Stevenson

The latest ESG movers and shakers

The California Public Employees’ Retirement System (CalPERS) has named Clinton Stevenson as investment director of the Investment Management Engagement Programs (IMEP). He has more than 35 years in the investment industry including 30 years at the Ford Foundation, where he was director of Investment Administration. In his new role, Stevenson will oversee IMEP (formerly Targeted Investment Programs) which provides coordination across all of CalPERS’ asset classes. Specific areas of focus are emerging and transition managers, responsible contracting, California investment initiatives, and diversity and inclusion efforts. The program is also responsible for the external manager monitoring and evaluation processes. CalPERS and CalSTRS are bringing together investment and corporate executives to discuss diversity at a forum on May 10, with speakers including Microsoft Chairman John Thompson, the 30% Club’s Helena Morrissey and Mellon Capital Management’s Mellon Capital Management. Link

Former Macquarie Group Executive Director Ian Learmonth has been named as the new CEO of Australia’s green bank, the Clean Energy Finance Corporation (CEFC) to replace outgoing CEO Oliver Yates. Learmonth, who currently leads the Impact Investing team at Social Ventures Australia, has been an independent member of the CEFC Executive Investment Committee for the past nine months. Learmonth joins the CEFC on May 15.

The Canadian Chapter of the Prince of Wales’ CFO Leadership Network has been launched, bringing together a group of leading CFOs from large businesses seeking to embed the management of environmental and social issues into business processes and strategy. Members include Lawrence Davis, Senior Vice President of Finance at the British Columbia Investment Management Corporation (bcIMC) and Jonathan Simmons, CFO at the Ontario Municipal Employees Retirement System (OMERS).

Peter Chambers, former Chief Executive at Legal & General Investment Management, will sit on an independent panel reviewing the sanctioning methods of the UK’s Financial Reporting Council (FRC). The panel will review whether the corporate governance and stewardship watchdog’s sanctions are appropriate, proportionate, fair, and effective.Vijay Advani, President and Chief Operating Officer of US investment giant Nuveen – formerly TIAA Global Asset Management – has been promoted to Chief Executive, replacing Rob Leary who leaves in April. Advani, who joined Nuveen in January 2017, was formerly Co-President of New York-listed fund giant Franklin Templeton Investments.

London School of Economics economist Jean-Pierre Zigrand has been appointed UK principal investigator of the ‘Digging into High Frequency Data’ project. Zigrand and his team will help create a transatlantic securities market database, allowing researchers to better analyse high frequency data generated by automated trading. The project is jointly financed by 16 international research bodies as part of the Trans-Atlantic Platform for the Social Sciences and Humanities.

Mark Beardow, Chief Investment Officer at AMP Capital, has reportedly
left the company after nearly 20-years with the Australian specialist due to a restructuring of its leadership team. Craig Keary, Director of Australia and New Zealand, also moves in the shake-up becoming AMP Capital Director, Asia Pacific – retaining responsibility for Australia and New Zealand. Additionally, Simon Warner, Head of Global Fixed Income in Sydney, and London-based David Allen, Global Head of Equities, have been promoted to the role of Global Chief Investment Officer (CIO) for their respective asset classes and will sit on the AMP Capital leadership team, reporting to CEO Adam Tindall.

Dan Farrell has been named Head of Investor Relations at Marsh & McLennan Companies, the parent company of investment consultant Mercer. He will report to CFO Mark McGivney and succeeds Keith Walsh, who has been appointed CFO of MMC’s Risk and Insurance Services.

João Sousa Gião has been appointed Chair of the European Securities and Markets Authority’s (ESMA) Supervisory Convergence Standing Committee. Sousa Gião is currently a Member of the Board of Directors of the Comissão do mercado de valores mobiliários (CMVM), the Portuguese Securities Market Commission. The appointment is for 2 years and commences immediately.