Tomas Carruthers, founder of financial trading portal Interactive Investor, has been appointed chief executive of the UK’s new Social Stock Exchange, launched by Prime Minister David Cameron earlier this year. Carruthers takes over from co-founder Pradeep Jethi, who becomes chairman of the exchange’s Admissions Panel. The Social Stock Exchange, which currently has 12 admitted members with a combined market capitalisation of over £500m (€592m), is a venue where companies and investors pursue financial value alongside a positive impact on society and the environment.
Hege Sjo, Senior Advisor of Hermes Fund Management, has been appointed an alternate director of Norges Bank’s Executive Board. Sjo, who also sits on the Norwegian Finance Ministry’s Strategy Council for the Government Pension Fund, was appointed by the government. Also on the board will be professors Karen Helene Ulltveit-Moe and Kjetil Storesletten.
Lord Myners has been appointed to the board of the UK’s troubled Co-operative Group as Senior Independent Director. Myners, the former Gartmore head and ex-government minister, will also chair the board’s governance review, which is looking at how the board is constituted and chaired. Link
Anthony Hobley has been named as the first chief executive of the Carbon Tracker Initiative, the London-based think-tank known for its work on the ‘carbon bubble’ and stranded assets. Hobley, a Partner at law firm Norton Rose Fulbright, and Global Head of its Sustainability and Climate Change Practice, will take the reins on February 1.
Josef Bossi has joined Notenstein, the Swiss private bank with a strong SRI focus, as director in charge of distribution in the Basle/Bern regions. He joins from US asset manager T. Rowe Price, where he headed its Zurich sales office.
Rupert Coull has been named ESG officer at Syntaxis Capital, the central Europe mezzanine finance specialist. He joins from the South Yorkshire Pensions Authority.Giordano Lombardo, chief investment officer of Pioneer Global Asset Management, has been named deputy chairman of the Corporate Governance Committee for Italy’s stock exchange. He replaces Domenico Siniscalco, who recently resigned. Chair of the committee is Gabriele Galateri di Genola, who is also board chairman at Italian insurance giant Generali.
Terry Wang has resigned as chief financial officer of China-based, New York-listed photovoltaic module maker Trina Solar Ltd to “to pursue other interests”. He will be replaced by Teresa Tan, who joins from New York-listed industrial group Parker Hannifin. Announcement
Louise Ward has been named investor relations director at renewable investment firm Low Carbon. She joins from 17Capital LLP, where she had a similar role.
Christopher Calavitta has joined Macquarie Capital, the finance firm with $359bn in assets under management, as a Senior Vice President in its Infrastructure, Utilities and Renewables group. He was most recently at Brookfield Renewable Energy Group, and has also worked at Renewable Energy Systems Americas and Panda Energy International. Link
Sandy Blair has been appointed to head the office overseeing the voluntary defined contribution plan (‘Pension2’) at the $176bn California State Teachers’ Retirement System (CalSTRS). She joined the fund in 2009.
Wendy McCarthy has been named as a non-executive director of Bentham IMF Ltd., the Australia-based litigation funder prominent in asset owner cases against RBS. She is a former Deputy Chair of the Australian Broadcasting Corporation and Chancellor of the University of Canberra.
Sigmar Gabriel, chairman of the Social Democratic Party (SPD), will serve as Germany’s next industry minister with sole responsibility for Germany’s Energiewende, or the switch to renewable energy from nuclear power and fossil fuels.