RI People & Appointments, July 31: Financial Stability Board head Andresen to step down

The latest ESG mover and shakers.

Svein Andresen, the Secretary General of the Financial Stability Board (FSB), which oversees the Taskforce on Climate-related Financial Disclosures (TCFD), is set to step down. Andresen, who has been in the role since 2009, previously served as an Advisor at the Bank for International Settlements (BIS). The FSB has launched a public recruitment process to find his successor.

Julian Mund has been formally appointed Chief Executive of the UK’s Pensions and Lifetime Savings Association (PLSA) – the body that represents over 1,300 pension schemes (representing £1tn in assets). Mund, formally Commercial Services Director at the association, stepped into the role in April after the departure of former head Joanne Segars, who left after 12 years ‘to pursue a portfolio career’. Prior to joining the PLSA, he worked at the Chartered Institute of Public Finance and Accountancy (CIPFA) for 16 years.

Morgan Stanley has named Thomas Glocer as its Independent Lead Director taking over from Erskine Bowles effective September 1. Glocer, the former CEO of Thomson Reuters, joined the bank’s board in 2013. The board also appointed two new committee chairs – Jami Miscik will chair the Operations and Technology committee and Rayford Wilkins will chair the Nominating and Governance committee. Link

Cuan Coulter, Chief Compliance Officer at State Street Corporation, has been appointed Head of State Street Global Advisors’ operations in Europe, the Middle East, and Africa (EMEA), IPE reports. He replaces Mike Karpik, who leaves the investment management arm of the US financial services giant after 19 years, following a transition period over the Summer. Prior to joining State Street, Coulter was at PricewaterhouseCoopers for more than 12 years. Coulter will report to Jeff Conway, EMEA Chief Executive for State Street Corporation, and Ron O’Hanley, Global CEO of State Street Global Advisors, in his new role.

Service provider Sodexo has said that its senior vice president corporate responsibility and Global Chief Diversity Officer Dr. Rohini Anand, has been appointed as the new Chair of the Catalyst Board of Advisors, which features a variety of senior leaders across Fortune 500 companies.

Julie Lamirel, the manager of Axa Investment Management’s recently launched gender diversity fund, has reportedly joined London based specialist asset manager – and Axa sister firm – Architas as Senior Investment Manager. Lamirel’s former deputy Anne Tolmunen will now manage Axa’s diversity fund, AXA WF Mix In Perspectives, supported by the global equities team, led by Mark Hargraves.Chris Hitchen, RPMI Railpen’s outgoing Chief Executive, has been named the new Non-Executive Chair of Border to Coast Pensions Partnership (BCPP), one of the UK’s recently formed pooled public pension funds, IPE reports. Hitchen, who is due to leave the £25bn UK railway’s pension fund in the next 12 months, will lead BCPP’s Board and will be responsible for appointing a senior management team and non-executive directors. BCPP, which comprises 12 local government pension schemes (LGPS) across England, totalling approx. £43bn, is also currently recruiting for a Chief Investment Officer. Based in Leeds, the CIO will have responsibility for ensuring that the partnership has a responsible investment strategy, with ESG considerations integrated throughout the investment process and sub funds.

Asset manager GAM says Perhad Merwanji has joined its private clients and charities business as portfolio director. He will be responsible for managing and growing multi-jurisdictional assets for high net worth individuals, family offices and charities through bespoke asset management services. He joins from UBS Wealth Management, where he was Head of Portfolio Advisory and Capital Markets.

Paul Secunda, Professor of Law at Marquette University Law School in Wisconsin, has been appointed as the first non-UK Ambassador at the Transparency Task Force. He now joins Catherine Howarth, CEO at ShareAction and Daniel Godfrey, Founder of The People’s Trust, as an Ambassador of the UK based transparency lobbying group. Secunda previously chaired the US Department of Labor’s ERISA Advisory Council to the Employee Benefit Security Administration, and was a Senior Fulbright Scholar in Australia studying the country’s superannuation system.

Brendan Hawthorne, a managing director at Duff & Phelps, a global valuations and corporate recovery firm, is joining the board of Phaunos Timber Fund Ltd. The listed forestry firm, whose shareholders have voted not to continue, is seeking a replacement chairman and two replacement non-executive directors. It comes as investment manager Stafford Capital has announced its resignation.

HESTA, Australia’s A$37bn (€25bn) Australian superannuation fund, is recruiting for a Senior Investment Analyst, ESG, to join its Investment Execution Unit. The successful candidate will assist with the development and implementation the fund’s Responsible Investment Policy and Active Ownership Policy.