Grant Arnold has been named President & CEO of Canadian renewables developer and operator BluEarth Renewables as the Ontario Teachers’ Pension Plan has upped its stake. Formerly Chief Operating Officer, he takes over from co-founder Kent Brown, who will remain on the board. The fund announced it would buy all of the Calgary-based firm’s outstanding shares previously owned by ARC Energy Fund 6 (ARC) and minority shareholders. Financial terms of the acquisition were not disclosed. BluEarth focuses on the acquisition, development, construction and operation of wind, water, and solar projects and Teachers’ has been a lead investor since it was founded. BluEarth has more than 130MW of solar assets in development and in operation in Canada. Announcement
Lise Kingo, the former Executive Vice President and Chief of Staff at Danish pharma firm Novo Nordisk, has been appointed the new head of the United Nations Global Compact. Kingo, who chairs the Danish Council for Corporate Responsibility and is also Adjunct Professor in Sustainability and Innovation at Vrije University in the Netherlands, takes over from Georg Kell, who is retiring. The UN Global Compact is the world’s largest corporate sustainability initiative and Kingo starts her new role on September 1.
Simon Pryke is stepping down as Chief Investment Officer (CIO) at Newton Investment Management, the £50.7bn UK asset manager that’s owned by BNY Mellon. He won’t be directly replaced; Charles French (formerly Head of Financials and Consumer Research) becomes Head of Investment, reporting to CEO Helena Morrissey.
Bertille Presta has been named head of ESG research at Sycomore Asset Management, the Paris-based funds house with €2.9bn under management including €580m in its SRI strategy. She replaces Léa Dunand-Chatellet and has eight years in SRI at Oddo Securities, F&C Asset Management and most recently at fund firm Financière de l’Echiquier. She will manage the team that currently comprises Alban Préaubert and Claire Bataille. Link
Jim Leech has been appointed as Chair at the MasterCard Foundation after four years on the board. Leech, who is currently a Senior Advisor with the global management consultant firm McKinsey & Company, was previously President and CEO of the Ontario Teachers Pension Plan. Leech takes over from founding Board Chair Lois Juliber. The C$10bn Toronto-based foundation was established in 2006 when financial services firm MasterCard became a public company.Alexander Schindler, Board Executive at Frankfurt-based asset manager Union Investment, has been elected as the new President of the European Fund and Asset Management Association (EFAMA), the Brussels-based trade body, for a two-year term. He replaces Christian Dargnat, Chief Investment Officer at BNP Investment Partners, whose term has ended. Schindler himself had served as EFAMA’s Vice President during Dargnat’s tenure and is succeeded by William Nott, Chief Executive Officer of M&G Securities. Said Schindler: “The EU’s far-reaching legislative agenda poses a challenge for our industry but also an opportunity – that is to help contribute to the debate over long-term European economic growth.”
Thomas Lofton, long-time chairman of the $10.1bn Lilly Endowment, has died. During his 22 years as chairman at the Indianapolis-based body, one of the world’s largest private philanthropic foundations, the endowment paid grants totalling more than $7bn in support of education, community development and religion. The endowment was “saddened beyond words” said its CEO Clay Robbins. A visitation for Lofton will be held on July 25.
A Managing Director for the new European Fund for Strategic Investments (EFSI) is being sought by the European Investment Bank. The Luxembourg-based role will oversee the execution of the EFSI guarantee delivery process and chair the EFSI Investment Committee. The deadline for applications is July 10. A Deputy Managing Director is also being sought for the fund, part of the ambitious €315bn European investment plan.
Dame Pauline Green has announced her early retirement as President of the International Co-operative Alliance. She will step down from the body, the non-profit international association established in 1895 to advance the co-operative social enterprise model, in November. Green was first elected to the post in 2009 and she acknowledged that her decision to retire was precipitated by the decision of the Co-operative Group that it would no longer fund the role for the global President beyond the end of 2015. Link
UK-based impact investment advisor and capital raiser ClearlySo is seeking a senior investment advisor for its institutional business. The full-time position is based in its London office on Old Street.
Japan’s giant Government Pension Investment Fund (GPIF) is currently recruiting for three roles overseeing its activities related to the stewardship code adopted last year, legal matters and external managers. Link (Japanese)