RI People & Appointments, July 15: Deutsche’s wealth arm names head of ESG committee

The latest ESG movers and shakers

Deutsche Asset & Wealth Management (DeAWM), the re-branded asset management unit of Deutsche Bank, has named Michael Schneider as head of its new steering committee for sustainable investing, which will oversee the integration of environmental, social and governance (ESG) criteria in its investment process. “This means improving the quality of ESG data and analyses and supporting portfolio managers in ESG implementation with respect to risk management and performance enhancement,” the firm said. It added that the committee would help expand DeAWM’s sustainable fund offering. At last count, DWS, Deutsche’s former retail fund arm, had €3bn invested in its sustainable funds. Schneider also heads a four-member advisory team for the Global Climate Partnership Fund (GCPF), a $153m (€117.6m) vehicle conceived by the German government. The GCPF invests in the financial sector and in renewables in developing countries.

The Pensions Trust, the £5.5bn (€6.3bn) occupational pension fund for the UK charity sector, has made some changes to its Trustee Board. Pensions Management Institute Fellow Richard Stroud has been appointed as a Member Nominated Director, replacing Catherine Howarth, the CEO of campaign group ShareAction. Terence Prideaux joins as an Employer Nominated Director. He was previously director of Charles Taylor Investment Management. Sarah Smart continues as Independent Chair, and Clare Smith has been re-elected as Deputy Chair. Douglas Keir, Frances Richardson and Mary Doddridge have also stood down from the board.

Jessica Irschick, the former chief treasurer at Norges Bank Investment Management (NBIM), has reportedly joined Merrill Lynch International as a managing director. She left NBIM, which runs Norway’s Government Pension Fund, in February.

Brandon Hurlbut, the former Chief of Staff for the US Department of Energy, has joined the board of Nasdaq-listed clean electric vehicle technology firm ECOtality. Link

Tony Poulter, Global Head of Consulting at PricewaterhouseCoopers, has been named by the UK government as a new Senior Independent Director at the UK Green Investment Bank. He succeeds Sir Adrian Montague who has now stepped down. The £3.8bn bank’s Chairman, Lord Smith, said Poulter brings a strong track record of leadership in infrastructure investment.Vidette Bullock-Mixon has retired as Corporate Relations Director of the US’s General Board of Pension and Health Benefits (GBPHB) after 31 years of service to the GBPHB and its $19bn Wespath Investment Management arm, the leading faith-based and socially responsible investor. Bullock-Mixon led the development of Wespath’s corporate advocacy and engagement program and was instrumental in advocating for responsible supply chain management at Nike and led engagement with Wal-Mart on corporate sustainability reporting. She was a director of the Interfaith Center on Corporate Responsibility, and a GBPHB representative to the Council of Institutional Investors’ events. Announcement

Bishop Kenneth Carter of the Florida Episcopal Area is the chair of a new 13-member Task Force on Human Rights and Investment Ethics that has been formed in the US by the General Board of Pension and Health Benefits and the General Board of Global Ministries. The task force released its ‘purpose statement’ last week: “To identify resources, principles and procedures that express our commitment to human rights taking into account fiduciary responsibility and ministry priorities consistent with the global mission of The United Methodist Church.”

The International Society of Sustainability Professionals, the membership association formed in 2007, has restructured its board of directors. Dorothy Atwood, of Atwood Consulting, is President while the Vice President is Julian Crawford of Australia-based Eco-Steps. Other names include Laurel Sukup (Secretary) of the Wisconsin Department of Natural Resources, Rick Woodward (Treasurer) of Coastwide Laboratories and Stephan Levitsky (Development Director) of ASR Group.

Paris-based sustainability focused multi-manager firm Cedrus Asset Management is hiring a senior commercial institutional salesperson as it looks to expand the business. The company is looking for a professional with 5-7 years experience, and preferably with knowledge of SRI. Contact: Daniel Pirrotta

The Intergovernmental Platform on Biodiversity and Ecosystem Services’ (IPBES), the platform set up in April 2012 that is open to all United Nations member countries, is seeking a Communication and Stakeholder Engagement Officer at the IPBES Secretariat. The deadline for application is September 9.

The Economics of Ecosystems and Biodiversity (TEEB) has advertised an internship based in Geneva, Switzerland. The deadline for applications is July 19. Link