RI People & Appointments, Feb. 12: APG’s Shammai joins Morrow Sodali in cross-border role

The latest ESG movers and shakers.

David Shammai, Senior Corporate Governance Specialist at Dutch pension fund manager APG has joined Morrow Sodali, the shareholder services, proxy and corporate governance consultancy firm as Corporate Governance Director – Cross Border. Based in the London office, he will focus on the firm’s growing corporate governance activities across its offices in Europe/UK, US, and Australia. Shammai had joined APG in Amsterdam in 2013, having previously been advisor to companies.

Councillor Brenda Warrington has been appointed to lead the board of the UK’s £23bn (€26bn) Greater Manchester Pension Fund, following the death of its Chair, Kieran Quinn late last year, according to IPE. She is the first woman to hold the role at the Local Government Pension Scheme (LGPS). The Greater Manchester Fund is currently working with the West Yorkshire and Merseyside pension funds to create the Northern Pool, which is expected to cater for more than £42bn of assets between the three schemes.

Lucy Thomas, Global Head of Sustainability at Willis Towers Watson, has joined Australia’s NSW Treasury Corporation as Head of Investment Stewardship. She will report to Stewart Brentnall, who is Chief Investment Officer at the investment management and debt issuance arm of the NSW Government. Thomas, who takes up her new role in March, replaces Kylie Willment, who left to join Mercer in October as CIO.

Frank Russo, Executive Director at Australian financial services provider, SILC, has been appointed Investment Manager at Australian superannuation fund, CareSuper. He took up the newly-created with the A$14bn fund in February. Russo was also previously with Russell Investments, Access Capital Advisers, and Equip.

Neil Guglielmo, Chief Financial Officer for the Los Angeles Department of Water and Power, has been confirmed as General Manager of the $15bn Los Angeles City Employees’ Retirement System (LACERS).

Michel Yahiel, Commissioner General at influential political think tank France Stratégie, has been named head of pensions at Caisse des Dépôts, the French state-owned public-interest financial institution, according to IPE. A high-ranking civil servant, Yahiel has been a social adviser to the French president since 2012 and his previous public roles include: Delegate General for the Association of French Regions (2010 to 2012) and Director of Economic Development and Employment for Paris. Caisse des Dépôts administers 48 retirement schemes and “solidarity” funds covering 20% of retirees in France.Lars Ellehave-Andersen, Chief Commercial Officer at Danica Pension, has been named Chief Executive of the Danish fund’s Norwegian business, Danica Pensjon, according to IPE. He joined Denmark’s second largest commercial pensions provider in 2015 from rival PFA. Ellehave-Andersen is to be replaced as CCO at the fund by Søren Lockwood, who is currently Chief Executive of SEB Pension. Danica is in the process of buying SEB Pension’s Danish business.

Nick Zelenczuk, Senior Managing Director & Chief Operations Officer at the Canada Pension Plan Investment Board (CPPIB), has announced that he will retire in May. He is one of several departures at the C$328bn (€212bn) Toronto-based investor: Eric Wetlaufer, Senior Managing Director & Global Head of Public Market Investments, will also step down in May after almost seven years with the organisation. Wetlaufer is a former member of the board at the Principles for Responsible Investment (PRI). Graeme Eadie, Global Head of Real Assets, will retire in March but will remain an advisor. The fund is currently looking for replacements for the departures.

Olga Zoutendijk, Chair of ABN AMRO’s Supervisory Board, has decided not to run for a second term at the Dutch bank this summer. She reportedly faced pressure to step down from the role following criticism about her leadership style. The reports also state that the Dutch central bank DNB, which has a supervisory role for all banks, has been investigating how Zoutendijk functioned in the job after complaints from several officials involved with ABN Amro.

Bob Bancroft, Director of Finance at the Jack Kent Cooke Foundation, has been named as Vice President of Finance at US philanthropic body, the Nathan Cummings Foundation.

Huw van Steenis, Global Head of Strategy at Schroders, has left the £420bn global investment manager after just a year with the firm, according to the Financial TImes. The well-regarded former analyst, who was twice named stock picker of the year for financial services, left Morgan Stanley in 2016 to join Schroders. He is understood to have another job lined up but has yet to start the position.

The World Resources Institute (WRI), the Washington-based think tank, has appointed Jessica Seddon and Emma Stewart as its new Directors of Integrated Urban Strategy, and Urban Efficiency and Climate, respectively. The roles will sit within the WRI’s Ross Center for Sustainable Cities. Sedden had been leading the WRI’s work on integrated land and water management, people-oriented development, and air quality.