RI People & Appointments, January 19: Hermes EOS, GIIN, TIAA-CREF, ShareAction, Railpen, Ecclesiastical

The latest ESG movers and shakers

Bruce Duguid has left the UK’s Green Investment Bank (GIB) to join the engagement team at Hermes Equity Ownership Services, the engagement arm of the fund manager owned by the BT Pension Scheme. At the GIB he was Head of Sustainability and Green Impact, before that he was Head of Investor Engagement at The Carbon Trust. Hermes EOS has been expanding recently, with a range of appointments including Roland Bosch and Rochelle Giugni (engagements in the retail, consumer goods and financial services sectors). Other new hires include Amy Lunn, Head of Business and Client Development, James O’Halloran, Head of Operations and Lucy Saville, Client Relationship Manager. The firm currently advises 41 clients on £134bn (€175bn) of assets.

Francis Byrd, the former Director of Corporate Governance at US financial services giant TIAACREF, has formed Byrd Governance Advisory. Byrd was involved in the management and execution of ESG (environmental, social and governance) policies related to TIAACREF’s global active equity ownership activities, and engagement with domestic and non-US portfolio companies. Before joining TIAACREF, he was Assistant Treasurer for Policy in the Office of the Connecticut Treasurer.

Amit Bouri is the new CEO of the Global Impact Investing Network (GIIN), the US-based not-for-profit social investment body that was founded in 2009. Bouri, a co-founder of the GIIN and most recently its Managing Director, takes over from former CEO Luther Ragin, who stepped down at the end of 2014. Link

Louise Rouse has left her role as Director of Engagement at campaign group ShareAction to set up her own consultancy called Rouse Research & Consulting Ltd. Currently, she is working as a consultant to Greenpeace on capital markets and frontier oil projects. ShareAction has closed interviews for her replacement and expects to make an announcement in the coming weeks. Rouse, who was involved in trying to get investors to challenge Shell’s Arctic strategy and in filing shareholder resolutions at BP and Shell, was formerly with Irish law firm Arthur Cox.

Julie McDowell, former Head of Responsible Investment at Standard Life Investments, has been appointed a member of Ecclesiastical Investment Management’s Amity Panel. She has over 25 years’ experience in law, finance and responsible investment, specialising in extractive industries for over a decade, and was a Board Member of the EITI (Extractives Industries Transparency Initiative) from 2009-2013. The Amity Panel is an independent advisory panel of senior financial, environmental and business figures that oversees UK-based Ecclesiastical’s ethically screened Amity funds. The Panel comprises: the Rt. Rev Nigel Peynton, Bishop of Brechin (Chair); George Prescott (ex-Deputy CEO, Ecclesiastical Insurance); Will Oulton (Global Head of Responsible Investment, First State Investments); Helen Crosby (independent consultant).Kris Douma, who until last year was Director Responsible Investment & Governance at MN, the €92bn Dutch pension fund manager, has become an independent consultant in CSR and responsible investment. One of his first roles is project managing a programme for accountants to improve the quality of audit profession in the Netherlands for the Netherland Institute of Chartered Accountants, the NBA (Nederlandse Beroepsorganisatie van Accountants).

Angelien Kemna, chief finance and risk officer at Dutch pensions management giant APG, has been appointed to the board of Railpen Investments, which runs the assets of the UK’s railway sector pension funds. She was formerly chief investment officer at APG and she is also a former CEO at ING Investment Management Europe. Announcement

Ashley Hood has been named CEO of Foresters Community Finance, the Australian not-for-profit ‘Community Development Finance Institution’ that co-owns Social Investment Australia. Hood is a banker with over 25 years experience, having held senior executive roles at the Bendigo and Adelaide Bank and executive director roles in various subsidiary and joint ventures companies of the bank. “He brings deep expertise in the practical and technical operations of complex financial institutions, together with a strategic perspective on market trends and developments,” Foresters said.

Sam Adams, the former Mayor of Portland, Oregon, has been appointed as the new director of the World Resources Institute’s US Climate Initiative. Adams will lead the environmental think tank’s efforts to aid the transition to a low-carbon economy. Adams will be joining Jennifer Morgan, who leads WRI’s global climate team, and Kevin Kennedy, who is currently the director of the US Climate Initiative. Kennedy will remain with the team as deputy director and research director.

Jim Sutcliffe has stepped down from the Financial Reporting Council as chair of its Codes & Standards Committee. It follows criticism for a share options deal he agreed as part of becoming deputy chairman at troubled insurance outsourcing firm Quindell. Former Ernst & Young Chairman Nick Land, a director at Vodafone and Alliance Boots GmbH, will replace him as chair of the committee.

Guillaume Abel has been named as Global Head of Marketing at Candriam Investors Group, the €78bn fund firm formerly called Dexia Asset Management that is now part of New York Life Investment Management. He joins from the Amundi Group and will become a Member of the Executive Committee. Candriam also named Renato Guerriero, Global Head of European Client Relations, to the committee.