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RI People & Appointments, December 11: UBS, NZ Super, CalPERS, OppenheimerFunds, CamberView, Oekom, Morrow Sodali

The latest ESG movers and shakers

Francis Condon has joined the Sustainable and Impact Investing team at UBS Asset Management from RobecoSAM where he was a Senior SI Analyst working with equity and fixed income portfolio managers and analysts. He will be based in Amsterdam and be part of the Sustainable Investment Research and Engagement led by Christopher Greenwald. It comes as UBS earlier confirmed the recruitment of Valeria Piani from the Principles for Responsible Investment. Emiliano Torracca, who currently works for the Church of England’s investment arm, will join as Proxy Voting Analyst and, like Piani, report to Paul Clark, Head of Corporate Governance. UBS is also boosting its dedicated SI Specialists team, headed by Martijn Oosterwoud. Karsten Guettler, currently Head UHNW Sustainable Investing in UBS Wealth Management, will join early next year and be based in Zurich. Amy Farrell recently joined the team in New York. She has spent the past six years working with asset managers on ESG integration.

Richard Costigan has been re-elected to the board of the California Public Employees’ Retirement System as a representative of the California State Personnel Board (SPB).

Aniket Shah has been named Head of Sustainable Investing at OppenheimerFunds, a new role. He was most recently Head of Financing for Sustainable Development for the United Nations Sustainable Development Solutions Network and will report to Sharon French, OppenheimerFunds’ Head of Beta Solutions. Art Steinmetz, Chairman and CEO of OppenheimerFunds, stated, “As investor demand for sustainable investing strategies continues to rise, expanding our ESG capabilities to further meet client needs remains an ongoing strategic priority for the firm.”

Lars Åberg has been appointed deputy chair at Swedish buffer fund AP4, IPE reports. An independent consultant who has had various roles within the sector, he takes over from Jakob Grinbaum.

Adrian Orr has resigned as CEO of the New Zealand Superannuation Fund to become Governor of the Reserve Bank of New Zealand. Announcement

Del Hart has been named as Head of External Investments and Partnerships at NZ Super, replacing Fiona Mackenzie. She will oversee the fund’s investment mandates with approximately 30 external managers, covering NZD6.5bn (€3.8bn) of assets in listed and unlisted markets globally. Prior to joining the Fund as a Portfolio Manager in 2010, Hart worked for Russell Investments in New Zealand and Pictet Asset Management in London. She will report to CIO Matt Whineray and sit on the Investment Committee.

Jason Mitchell, sustainability strategist at Man Group and portfolio manager at GLG Partners, reportedly the advisory board of the Imperial College Centre for Climate Finance and Investment in London. IPE quoted him saying he was looking forwarding to helping to “bridge the divide between science/engineering and finance”. Other advisors at the centre include former BP executive Vivienne Cox who went on to chair Climate Change Capital and Peter Knott, CFO and Executive Director at the Green Investment Bank.

Brandon Korbey has joined shareholder services and proxy solicitation firm Morrow Sodali as Director of Business Development – West Coast. He was formerly Vice President of Sales and Field Marketing for Boardvantage.Wylie Tollette, CalPERS’ chief operating investment officer (COIO), is leaving the pension fund to return to Franklin Templeton Investments. His last day at the US pension fund will be January 6. Matt Flynn, a CalPERS investment director, will become the interim COIO and the California giant says a search for Tollette’s permanent replacement will begin immediately. Tollette had joined CalPERS in 2014 from Franklin Templeton where he was senior vice president for Portfolio Analysis and Investment Risk Management.

Dr Frank Engels is to take over as Union Investment’s head of portfolio management from January 1. He will succeed Björn Jesch who is leaving the German funds house at the end of the year at his own request. Engels will lead a 285-strong fund management team and will be responsible for strategy for investments totalling around €267bn.

Andrew Storm has joined governance advisory firm CamberView Partners as a principal. He was previously a portfolio manager at Cortina Asset Management and has had stints at Lockwell Investments, Morgan Stanley Investment Management and Lord Abbett.

Phil Willcock has been appointed CEO of £25bn (€28bn) UK rail pension administrator RPMI. He joins from Aviva on February 1 and takes over from Railpen’s former CEO Chris Hitchen.

Oekom Research, the Germany-based ESG house, has opened a representative office in Switzerland headed by Marco Mansfeld, most recently Head of Research at Partners for Sustainability AG in Zurich. The firm added that Damaso Zagaglia, formerly Research Analyst for Environmental Finance in London, joined in October. Silke Jolowicz becomes Manager Client Relations; she was formerly Senior Analyst.

Dr Anna Harvey has been named Director for Responsible Sourcing at Sedex, the ethical audit platform Sedex.

The Securities and Exchange Commission, the US regulator, has named Daniel Michael as chief of the Enforcement Division’s Complex Financial Instruments Unit. He will lead a specialized unit of attorneys and industry experts to investigate potential misconduct related to complex financial products and practices involving sophisticated market participants. The SEC said Michael, who joined the agency in 2010, has played a key role in a number of significant enforcement actions.

Luis Guardia has joined philanthropy body Global Impact as Chief Business and Financial Services Officer, who was most recently Chief Operating Officer for The One Campaign. Link

Sharon Bowen, a former Commissioner of the U.S. Commodity Futures Trading Commission (CFTC) and a sponsor of the Market Risk Advisory Committee, has joined the board of Intercontinental Exchange, parent of the New York Stock Exchange. An Obama nominee, she is a former Vice Chair of the Securities Investor Protection Corporation (SIPC), having been a partner at Latham & Watkins.

The House of Commons Environmental Audit Committee in the UK is seeking a Specialist Adviser to the Committee for its inquiry into ‘Green Finance’, which is scrutinising the UK Government’s strategy to develop ‘world-leading green finance capabilities’. The Committee launched its inquiry on Green Finance on November 24 and is expected to begin public evidence hearings early in the new year. The role is likely to last until May 2018.