RI People & Appointments, December 15: Folksam, Tomorrow’s Company, Commonfund

The latest ESG movers and shakers

Tony Manwaring is stepping down as Chief Executive of Tomorrow’s Company, the London-based think tank. He has been appointed Executive Director External Affairs at the Chartered Institute of Management Accountants (CIMA). He will be leaving Tomorrow’s Company at the end of the year to take up his new post in the New Year. Founder Director Mark Goyder will take on the responsibilities of CEO with immediate effect. Announcement

Catherine Keating has been appointed as the new CEO of Commonfund, the $25bn US fund manager which specializes in not-for-profit investors. Keating, most recently Head of Investment Management Americas at JPMorgan Chase, will take over from long-time CEO Verne Sedlacek. At the bank, Keating was Co-chair of the Fiduciary Risk Committee, Director of the JPMorgan Chase Foundation, and Executive Sponsor of the firm’s Women’s Interactive Network. Commonfund Chairman Bob Litterman said he was “honored and extremely pleased” at the appointment.

Anders Sundström, Chairman of Swedish insurance and pensions provider Folksam, will resign his post at the company’s next annual general meeting (AGM) on April 16 next year. Sundström, CEO from 2004 to 2013, is reportedly leaving over a possible conflict of interest stemming from his chairmanship of Swedish bank Swedbank – where Folksam is the biggest shareholder. A Folksam spokesman told IPE.com that Sundström had taken on the role of Chairman to stabilize management while his successor as CEO, Jens Henriksson, settled into his role. Folksam, with SEK340bn (€36bn) in assets, is considered one of the country’s leading responsible investors.

Fabrice Bay, Investment Manager, International Equities at Martin Currie, the UK affiliate of Legg Mason, has become an investment manager on the Calvert International Equities Fund, which is sub-advised by Martin Currie. Bay takes over from Christine Montgomery, Investment Director, International Equities at Martin Currie, who is leaving the firm next month, according to a filing with the Securities and Exchange Commission.

Andrew Grant has been named chairman of the Carbon Market Institute, the Australian not-for-profit membership body. Grant, most recently the CEO of CO2 Group Ltd. for 10 years, succeed founding chairman Les Hosking who retired at the annual general meeting on November 27.Fabio Galli, Director General at Italian asset management industry body Assogestioni, has joined Italy’s Corporate Governance Committee. Galli, who is also on the board of the European Fund and Asset Management Association (EFAMA), will be joined on the body by Stefano Micossi, Director General of business group and think tank ASSONIME. The committee is chaired by Gabriele Galateri di Genola, chairman of insurer Assicurazioni Generali.

Solactive, the Frankfurt-based index provider which has recently launched ethical, green bond and low carbon indices, has named Christian Grabbe as its new Chief Operating Officer. He will head up IT, operations, human resources and compliance and joins from investment bank Baader, where he worked for 12 years, most recently as Head of Derivatives Trading.

Tim Livett has been named as Chief Financial Officer of the Wellcome Trust, the £16.4bn (€20.7bn) global charitable foundation. He joins from Virgin Atlantic, where he has been CFO since 2004. Announcement

Donald Raymond has been named as special advisor to the Dean and chair emeritus of the Rotman International Centre for Pension Management (Rotman ICPM) the international think-tank for pension design and management. Raymond is managing partner and chief investment officer of Alignvest Management Corporation, and prior to that he served for over 12 years on the senior management team of the Canada Pension Plan Investment Board (CPPIB), most recently as its first Chief Investment Strategist.

Leanne Bell has been named Chief Financial Officer of Onyx Renewable Partners, an arm of investment giant Blackstone focused on large-scale solar and wind projects in North America. Prior to joining Onyx, Bell was CFO and chief operating officer at Synergy Renewables, a global power development company. Announcement

A Head of Infrastructure and Timberland is being sought by Australia’s A$104bn (€69bn) Future Fund. It said: “The Future Fund is attracted to Infrastructure and Timberland investments for diversity and inflation correlation as well as potentially attractive returns.” The position closes on December 22. Meanwhile, Pensions & Investments has reported that Australia Future Fund’s Head of Equities, Elspeth Lumsden, is leaving to “return to full-time study”.

Big Path Capital, the US impact and sustainable investment placement agent firm formerly known as Watershed Capital, is looking for a Director/Senior Associate of Private Equity Distribution. “We have an exiting pipeline of fund managers and need more bench strength in distribution primarily to family offices,” it says. Email