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RI People & Appointments, July 18: Russell Investments, Northern Trust, CalPERS, SEC, WHEB, Natural Capital

The round-up of the latest ESG movers and shakers

Mike Clark, Director of Responsible Investment at Russell Investments, the $247bn asset manager that was last month acquired by private equity firm TA Associates from the London Stock Exchange Group for $1.1bn, is leaving the firm. Clark’s role will be absorbed by Philip Kim, Managing Director and Global Head of Product.

Marcie Frost has been appointed CEO of the California Public Employees’ Retirement System (CalPERS). Frost, 51, is a 16-year veteran of the pension industry, having most recently served as the director of the Washington State Department of Retirement Systems (DRS). She will start her new role with CalPERS on October 3, replacing Anne Stausboll who retired at the end of June. Doug Hoffner will serve as interim CEO. “Marcie is a seasoned public pension fund administrator and we couldn’t be happier that she will lead the Fund and be part of our CalPERS family,” said Rob Feckner, President of the CalPERS Board.

Jonathan Payson has joined CamberView Partners, the San Francisco-based provider of corporate governance and proxy voting consulting services to corporations. A former Partner of Wellington Management Company and the former President and Chair of the Board of Wellington Trust Company, he joins as a Senior Advisor. Announcement

John Lelliott, Interim Chief Financial Officer of the Crown Estate, the body which manages the British monarch’s £12bn holdings, has been named as the new chairman of the Natural Capital Coalition taking over from Nanno Kleiterp. Kleiterp will be retiring as chair and as CEO of Netherlands Development Finance Company.

Elisse Walter, the former Chair of the Securities and Exchange Commission and a current board member at the Sustainability Accounting Standards Board (SASB), has joined the SEC’s Investor Advisory Committee. Also joining the committee, whose Vice Chair is CalSTRS’ Anne Sheehan, is Nancy LeaMond, Executive Vice President at the AARP (the former American Association of Retired Persons).

Andrea Leadsom has been appointed environment secretary in the new UK government. A former minister in the disbanded Department of Energy & Climate Change, and a defeated candidate for the Conservative Party’s leadership, she joins the Department for the Environment, Food and Rural Affairs (Defra). Former DECC Secretary Amber Rudd becomes Home Secretary [Interior Minister].

Priti Patel has been appointed the UK’s new Secretary of State for International Development. Patel will oversee the Department for International Development (DFID) that runs the DFID Impact Investment Fund and is exploring launching development impact bonds. Patel is on record saying DFID and development aid should be abolished.

Cilla Snowball, Group Chairman & Group CEO at advertising firm AMV BBDO, has been named as the new leader of the Women’s Business Council, a UK government supported body that aims to maximize women’s contribution to future economic growth.Julia Kochetygova, the former head of sustainability indices at S&P Dow Jones Indices, has joined Northern Trust, which said it was in response to a growing demand for ESG investment options. Kochetygova has taken on the role of senior ESG research analyst at the firm, which has some $900 billion of assets under management – of which nearly $60 million is in strategies with ESG screens in place. During her five years at S&P, Kochetygova launched eight families of sustainability indices, including one for green bonds, and a series of low-carbon products. She will lead ESG research at Northern Trust across different asset classes.

Paul Pizzala has joined WHEB as a new business development manager, responsible chiefly for client relationships with UK wealth managers and intermediaries at the UK-based sustainability fund manager. A founding director of Climate Risk, a consultancy that helped asset managers form investment strategies that took sustainability into account, Pizzala’s 15-year career has seen him work in Credit Suisse’s investment consulting arm, Citigroup’s private banking unit and, most recently, as the Finance Director for the Totnes Renewable Energy Society, which raised money for local renewable energy projects.

Oliver Bäte, CEO of German insurance giant Allianz, has joined the B Team, the not-for-profit initiative co-founded by Richard Branson and other high profile business leaders. Bäte joins the group along with Andrew Liveris, Chairman and CEO of the Dow Chemical Company and Arif Naqvi, founder of private firm Abraaj. The latter is a member of the board of the UN Global Compact, the Interpol Foundation and the Business and Sustainable Development Commission.

Herman Bril, former managing director and CFO at risk management firm Cardano, has reportedly been appointed as the new director of investments at the UN’s $53.5bn Joint Staff Pension Fund (UNJSPF). He arrives as the Coordinating Committee for International Staff Unions and Associations of the UN system (CCISUA) has voiced concerns around the future of the fund, which is currently considering outsourcing some assets. The CCISUA has urged staffers to write to Secretary-General Ban Ki-moon over the issue. Link

ShareAction is looking for a new trustee to join its board. The London-based charity, which campaigns to promote investor engagement on environmental and social issues, is expecting to appoint the trustee towards the end of the year. Current trustees include Emma Howard Boyd, former director of stewardship at Jupiter Asset Management, Paul Dickinson, co-founder and executive chair of CDP, and Roger Jeary, a former director of research at UK union Unite. Separately, Howard Boyd has been named at the government’s “preferred” candidate for Chairman of the Environment Agency. She is currently Acting Chairman at the body.