RI People & Appointments, July 24: Canadian pension fund-owned renewables firm Cubico names CEO

The latest ESG mover and shakers

Stephen Riley, formerly a non-executive director, has been named as the new CEO at Cubico Sustainable Investments, the renewable energy infrastructure company owned by Canada’s Ontario Teachers’ Pension Plan and PSP Investments. He takes over from Marco Sebares.

Alan Rubenstein is to step down as chief executive of the Pension Protection Fund, the £30bn (£33.5bn) UK pension lifeboat with a strong focus on ESG. Rubenstein joined the PPF in 2009, following a career in asset management and investment banking with Morgan Stanley and Lehman Brothers. He is a non-executive Director of esure Group plc and is an investment advisor to the British Coal Staff Superannuation Scheme. He has also served on the Boards of Robeco Group NV, the Institute and Faculty of Actuaries and the National Association of Pension Funds and as a member of the Takeover Panel.

Nick O’Donohoe is stepping down from his role as a Convergence Funding Committee member following his appointing as the new CEO of the CDC Group, the UK’s development finance institution. O’Donohoe will be replaced by Rick Nogueira, a former Senior Climate Finance Officer for the US Department of State. Convergence is a body set up by the Canadian government, the Ford Foundation and the Citi Foundation.

Former Schroders executive Massimo Tosato has joined the board of Pictet Asset Management Holding SA, the Swiss holding company that controls all the asset management entities in the Pictet Group, as a non-executive director. Tosato was at Schroders, the UK funds house, for 21 years, most recently as Chief Executive of Schroder Investment Management Ltd. and Executive Vice Chairman of the listed holding company, Schroders PLC. Also joining the board are former Pictet executives Rolf Banz and Richard Heelis.

Regina Chi is joining Canada’s AGF Investments as Vice-President and Portfolio Manager, AGF Emerging Markets. She was most recently a partner at DePrince, Race & Zollo Inc. where she was portfolio manager for the Emerging Markets and International Value disciplines. Chi will join AGF’s global equity platform reporting to Stephen Way; Alpha Ba will continue to be Co-Portfolio Manager on the emerging markets strategies working closely with Chi. Jamie Maddock and Angela Rhoden are joining the Team as Global Equity Analysts, while Wyeth Wright has been promoted to Global Equity Analyst.

The Financial Reporting Council, the UK watchdog, has named Mary Cleary to its Audit and Assurance Council and John Hitchins to its Conduct Committee. Cleary is a fellow of the Institute of Chartered Accountants in Ireland and is a partner with PwC Ireland since 2005. Hitchins has been a member of the Corporate Reporting Review Committee and Deputy Chair of the Financial Reporting Review Panel (FRRP) since 2016. He retired from PwC in 2014.

Anders Schelde, chief investment officer of Nordea Life & Pension in Denmark, has been named as the new CIO of DKK106bn (€14.3bn) Danish academic sector scheme MP Pension, where he will take over from Niels Erik Petersen.It’s been reported that Jan Straatman, Global Chief Investment Officer at Lombard Odier Investment Managers, the asset management arm of the Swiss private bank, is to retire at the end of the year. He joined in 2012 and was formerly CIO at ING Investment Management. Straatman, a former senior investment figure at ABP Investments and Achmea Asset Management, is also a member of the 300 Club of investment chiefs. Link

Dawn Turner of the Environment Agency Pension Fund has been appointed CEO of BPP Ltd., the new £27.5bn investment firm created by the Brunel Pension Partnership Local Government Pension Scheme (LGPS) funds. She had been Interim Managing Director. The EAPF’s Mark Mansley has been appointed as Chief Investment Officer. Laura Chappell becomes Chief Compliance and Risk Officer. Joe Webster becomes Chief Operations Officer. BPP is one of eight national pooled funds, and will oversee the investment of the pension assets for the Avon, Buckinghamshire. Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset, and Wiltshire Funds.

Madison England, Senior Analyst, ESG Data Team at Bloomberg, has been named Project Manager of the US financial news provider’s Financial Services Gender-Equality Index. Launched in 2016, the index measures company gender statistics, employee policies, external community support, and gender-conscious product offerings, with the aim of highlighting firms with best practices for gender equality.

UK-based power company Drax has appointed David Nussbaum, the former chief executive of the World Wide Fund for Nature UK, to its board. Drax has plans to phase out coal completely by 2025. Nussbaum, currently CEO of the Elders Foundation, told the FT that he believed “sustainably generated power is crucial as we continue the transition to a low-carbon future” and he looked forward to contributing to Drax’s development.

James Murdoch, son of media mogul Rupert, has joined the board of electric car firm Tesla as an independent director. Also joining the board is Linda Johnson Rice, Chairman and CEO of Johnson Publishing Company.

Sandro Pierri has been named as the Global Head of Client Group at BNP Paribas Asset Management, the worldwide sales and marketing organization at the fund manager. He will report to CEO Frédéric Janbon; he will join BNPP AM in September and be based in London. Link

Danielle Deane-Ryan is joining the Nathan Cummings Foundation as director of the Inclusive Clean Economy focus area. She was most recently with Obama Administration as senior advisor for External Affairs and acting director for Stakeholder Engagement at the Department of Energy (DOE), Office of Energy Efficiency and Renewable Energy (EERE). A native of Trinidad and Tobago, she holds an M.Sc. from the London School of Economics in Environment and Development.