RI People & Appointments, June 5: AP2, IIGCC, Sustainalytics, Cornerstone Capital, Public Investment Corporation

The latest ESG movers and shakers.

The Swedish government has appointed Jan Roxendal as the new vice chairman of the Board of Directors at AP2, Sweden’s Second AP fund. A board member of real estate firm Catella AB since 2011, Roxendal is chair of the Swedish Export Credits Guarantee Board. He is a former CEO of medical technology group Gambro AB and debt collector Intrum Justitia.

Rachel Ward has been named Head of EU Policy at the Institutional Investors Group on Climate Change (IIGCC), the body representing investors with more than €18trn under management. She joins from the UK Civil Service where she worked for more than 10 years on EU and international climate change, energy and transport policy, including for four years in Brussels with the European Commission and UK Diplomatic Service. There are two new members of the board: Christina Olivecrona, Sustainability Analyst at AP2 and Helena Viñes Fiestas, Head of Sustainability Research at BNP Paribas Investment Partners.

Eduard van Gelderen, Chief Executive Officer at €451bn Dutch asset manager APG, will join the University of California’s investment team from 1 August 2017. Gelderen, reporting to CIO Jagdeep Singh Bachher, will serve as Product Manager for the university’s $56bn pension fund and will have responsibility for the team’s public equities investments. APG is currently searching for a replacement for van Gelderen, who leaves after seven years.

Katherine Pease, Principal of US investor advisory firm KP Advisory, has joined US SRI firm Cornerstone Capital Group as Director of Impact Investing. Pease, who has more than 20-years’ experience working with foundations, investors and non-profit organisations, will guide Cornerstone’s clients on impact investing strategies and investment opportunities. Cornerstone was set up by former UBS research Chief Erika Karp in 2014.

Daniel McMahon has reportedly been appointed Executive Vice President, Portfolio Management at Hannon Armstrong Sustainable Infrastructure Capital. McMahon, who has been with the US sustainable infrastructure investment firm since 2000, will head the Company’s Portfolio Management team and serve as a full-time member of the company’s Investment Committee.

HESTA, Australia’s A$37bn (€25bn) Australian superannuation fund, has appointed Anna Claude to its Board. Claude, who has over 20 years’ experience in both superannuation and industrial relations, will represent the Australian Nursing and Midwifery Federation as an employee appointee.Gary Hawton, former President at Canadian fund manager OceanRock Investment Management, has joined ESG research house Sustainalytics as Senior Director, Institutional Relations. Hawton, who was also the Founding CEO of Meritas SRI Funds before it merged with OceanRock Investment, will lead Sustainalytics’ business development efforts in Canada.

Chris Hitchen will step down as RPMI Railpen’s CEO after 13 years at the UK based £25bn Railways Pension Scheme administrator. Hitchen, who oversaw the fund’s Investment Transformation Programme (ITP) – which led to the insourcing of investment management and lower costs – will reportedly step down within the next year.

Marla Skeffington, Head of Client Services at US investment manager T.Rowe Price, has reportedly been appointed Vice President of Retirement Strategies at Natixis Global Asset Management. Skeffington, who will be based out of Boston, will be responsible for the giant asset manager’s ESG-focused Sustainable Future Funds, which were launched in February 2017.

Morten Hemmingsen, CIO at €17.5bn Danish labour market pension fund PenSam, is stepping down after a year in the role – reportedly citing a desire to do something more “investment oriented”. Hemmingsen, who was promoted to CIO last year from his previous role as Head of Fixed Income and Equities, replaced former CIO (now Group Director) Benny Buchardt Andersen in May 2016. Hemmingsen’s next role is not currently known.

South Africa’s new Finance Minister Malusi Gigaba has appointed Deputy Finance Minister Sfiso Buthelezi as Chairman of the country’s Public Investment Corporation (PIC), which manages funds on behalf of the Government Employees Pension Fund (GEPF) among others. The appointment means that the PIC’s Board can meet again after a two-month hiatus as it lacked a quorum.

Nhlanhla Nene, South Africa’s former Finance Minister, has reportedly been appointed to Cape Town-based investment firm Arise’s supervisory board. Arise, a collaborative partnership (founded in February 2017) between Norwegian private equity firm Norfund and Dutch banks, Rabobank and FMO, aims to encourage the development of financial institutions in Saharan Africa. Nene was fired from his government role by President Jacob Zuma in December 2015.

Jean-Philippe Renaut has been promoted to CEO at Montreal based shareholder engagement provider Æquo. Renaut, formerly acting Head of Operations at Æquo, previously worked at London-based think-tank SustainAbiliity and PSP – Canada’s $125.8bn public servants’ pension fund manager.

Josette Lewis, Associate Director at the University of California’s World Food Center, has been named Associate Vice President, Ecosystems – Sustainable Agriculture at the Environmental Defense Fund (EDF), the US environmental not-for-profit. Lewis will be responsible for scaling EDF’s work to reduce the environmental impacts of agriculture.