David Macri has been appointed as Chief Investment Officer of Australian Ethical, the listed ethical investment manager with more than A$600m (€487m) in assets under management. Macri, who takes over from James Jordan, joined the firm in 2009 after stints with Macquarie, Credit Suisse, Mellon and Mercer. Announcement
Thorsten Strauss has been appointed Deutsche Bank’s new Global Head of Communications and Corporate Social Responsibility (CSR). Strauss, who joins from a similar role at Bertelsmann, takes over from Stefan Baron, who is retiring. Link
Henrik Nørremark, Chief Financial Officer and Deputy CEO at Danish wind turbine maker Vestas Wind Systems, has resigned after a string of profit warnings. In addition, chairman Bent Erik Carlsen and his deputy Torsten Erik Rasmussen won’t stand for re-election at Vestas’ annual general meeting on March 29. Link
Michel Jarraud, Secretary General of the World Meteorological Organization, has taken over as chair of UN-Water, for a two-year term. UN-Water coordinates the work of 29 United Nations agencies and bodies on all issues relating to freshwater.
Social finance pioneer Malcolm Hayday is to step down as chief executive of the UK’s Charity Bank, the world’s first general registered charity that is also an authorised bank. The bank, founded in 2002, will begin recruiting a new CEO “with immediate effect”. Announcement
Shmuel Fledel has been named CEO of the Solar Thermal Energy Business Unit in the Solar and Hydro Division of Siemens Energy. Fledel is an aeronautical engineer and a former executive vice president at El Al Airlines. He was most recently President and CEO of industrial group TAT Technologies. Announcement
Mark Pay has been named as Managing Director, Direct Investments at CDC Group, the UK’s development finance institution. He is rejoining CDC after eight years with Actis, the emerging markets fund manager that was spun out of CDC. Link*Chloe Munro has been appointed* chair and chief executive officer of Australia’s new Clean Energy Regulator, which will run the carbon price mechanism, the National Greenhouse Energy Reporting Scheme, the Renewable Energy Target, the Australian National Registry of Emissions Units and the Carbon Farming Initiative. Munro, who is a former executive director at telecoms firm Telstra, is currently chair of the National Water Commission. Announcement
Barbara Palk, the recently retired president of TD Asset Management, has joined the board of the C$107.5bn (€81bn) Ontario Teachers Pension Plan. Palk is a former chair of the Governance Committee of the Canadian Coalition for Good Governance.
Alison Huang has been named as a charities investment manager at Baring Asset Management, part of the MassMutual Financial Group. Huang, who joins Barings from TT International Investment Management, was formerly with the Wellcome Trust. Barings manages more than £1bn on behalf of charities.
Johan Schaar and Heather McGray have been named as jointly heads of the World Resources Institute’s new Climate Vulnerability and Adaptation Initiative. Schaar joins from the Swedish International Development Cooperation Agency’ McGray has led the WRI’s adaptation work since 2007. Link
The Crown Estate, which manages the UK sovereign’s £7bn property portfolio, has appointed Mark Gough as its new Head of Sustainability and Claudine Blamey as Sustainability Manager. Gough is currently Global Environmental Manager at publishers Reed Elsevier while Blamey joins from SEGRO where she is Head of Sustainability.
Eduardo Martinez has been named president of the UPS Foundation, the philanthropic arm of the global logistics company. Martinez, a Cuban national who joined UPS in 1976 as a package handler, succeeds Ken Sternad, who is retiring. Link