RI People & Appointments, January 3: Deutsche AM names CIO for Responsible Investments

The latest ESG movers and shakers

Deutsche Asset Management has named Petra Pflaum as Chief Investment Officer for Responsible Investments. In this new role, Pflaum will manage a dedicated Environmental, Social and Governance (ESG) team responsible for the further integration of Deutsche AM’s ESG capabilities into its investment processes and growing its client offerings across its active, alternatives and passive businesses. The existing ESG thematic research and governance teams will report to her. She will continue in her role as EMEA Head of Equities for Deutsche AM, and will be joined by Britta Weidenbach who will become EMEA Co-Head of Equities. Pflaum, who joined the funds house in 1999, will also become a member of the Management Board of Deutsche Asset Management Investment GmbH representing Deutsche AM’s Equity and Equity Trading businesses.

Peter Hall is stepping down as chief investment officer of Hunter Hall International, the Australian-listed ethical investment company he founded in 1993. He will continue as CIO until the end of a six-month notice period, the company said – stressing the departure was for “personal and family reasons”. It added the firm had had a “number of approaches” for the business, saying: “Several interested parties are significant players in the investment management business with experience managing Australian and global funds.” In a separate statement, ASX-listed Washington H. Soul Pattinson and Co. said it would buy Hunter Hall to become its “next custodian”. It said: “We believe that WHSP can work with the board and management of Hunter Hall to provide a sound management solution and minimal disruption for investors in funds managed by Hunter Hall.”

Geir Øivind Nygård has been appointed Chief Investment Officer (CIO) Asset Strategies in Norges Bank Investment Management (link to announcement). He comes from the position of Global Head of Portfolio Management, but has been interim CIO Asset Strategies since December 1 last year, having joined the fund in 2007 as Portfolio Manager in Equity Asset Strategies. Separately, NBIM which late last year announced the exclusion of 15 companies from the Government Pension Fund Global over their coal activities, has advertised vacancies for a Relationship Manager- Corporate Access and a Head of Global Strategy Research.

The Network for Sustainable Financial Markets (NSFM) has appointed Gordon Noble, Principal Advisor, Better Infrastructure Initiative, University of Sydney, and Managing Director, Inflection Point Capital Management, as its President. Cary Krosinsky, Adjunct Lecturer, Environment and Society at Brown University will hold the positions of Secretary and Vice President, and Gabriel Thoumi, Director, Capital Markets Research at Climate Advisers, becomes Treasurer. NSFM is also proposing over time to increase the number of its board members from eight to twelve to allow for increased engagement with regions where the board is under represented including Africa, South America and Asia.

Roberto Barragan has joined Manhattan West Asset Management, the California-based Latino owned financial service firm, to run an ESG focused private equity fund called Manhattan West ESG Fund I that will provide financing and credit solutions for minority owned businesses across the US. Barragan, former CEO of VEDC (Valley Economic Development Center), joins as Shareholder and Senior Managing Director to oversee the Fund. Link*Garmt Louw of the Shell pension funds* in the Netherlands has been named as the new chairman of Dutch corporate governance platform Eumedion, taking over from Peter Borgdorff. Louw is chairman of the Boards of the Stichting Shell Pension Fund and the Shell Nederland Pensioen Stichting and Borgdorff, Managing Director at healthcare fund PFZW, has completed his maximum statutory Board appointment term of six years. Louw, who joined Shell in 1977, is also on the Supervisory Board of Achmea Pension Fund and has been Vice Chairman at Eumedion since 2014.

Laurence Tubiana, the economist and diplomat who was France’s Special Representative for the 2015 Paris Climate Conference and Ambassador for Climate Change, has been named as CEO of the European Climate Foundation, the think tank chaired by former Deutsche Bank Vice Chair Caio Koch-Weser. Tubiana, an ECF board member and who founded the Institute for Sustainable Development and International Relations (IDDRI) in Paris, takes over from Johannes Meier who resigned for family reasons. Link

The Responsible Finance & Investment (RFI) Foundation, a high-level think tank whose advisors include Malaysia’s central bank chief Zeti Akhtar Aziz, says
that Talal Yassine, Managing Director of Islamic superannuation fund Crescent Wealth, has joined its Board of Trustees.

Rob Mills has joined Social Finance as a Director in its international development practice. Mills advises aid agencies, social investors and private enterprises on how development finance can more effectively tackle economic development challenges. He has particular expertise in energy, infrastructure services and private sector development. Mills worked for eight years at the World Bank, where he originated and managed a large portfolio of energy investments in southern Africa, as well as advising governments on policy and regulatory reforms. Immediately prior to Social Finance, Mills held a senior role at Ofgem, the UK’s energy regulator, where he was responsible for the UK’s cross-border infrastructure investment regime, as well as for leading policy work on European energy markets. Earlier in his career, he worked on international issues at the Prime Minister’s Strategy Unit, following four years in Brussels at a development finance think-tank.

The Alberta Investment Management Corporation (AIMCo), the C$90bn (€64.5bn) Edmonton-based fund manager, has named Phyllis Clark and Kenneth Kroner to its board. Clark is a formed Chief Financial Officer at the University of Alberta while Kroner was most recently Senior Managing Director at BlackRock, where he was the global head of the Multi-Asset Strategies Group and the global head of Scientific Active Equities. He was a member of the fund giant’s Global Executive Committee and Global Operating Committee.

Heather Keough, former head of Sustainable Investing and Governance policy at Goldman Sachs Asset Management, joins has joined Leaders Arena, the new ESG advisory firm headed by former Nasdaq Advisory Services executive Miguel Santisteve.

Toby Eccles, Founder and Development Director at Social Finance, the organisation behind the world’s first social impact bond, has been awarded a CBE (Commander of the Most Excellent Order of the British Empire) in the 2017 New Year’s Honours List in the UK. He has been awarded for services to social enterprise and investment and charity.