RI People & Appointments, March 11: New role for California’s Dave Jones, Milton Moskowitz dies aged 91

The latest ESG movers and shakers

Dave Jones, the former Insurance Commissioner for California, has been named as a Distinguished Fellow at environmental body the ClimateWorks Foundation. Jones stepped down as commissioner in January, having led work on climate risk, disclosure and scenario analysis for insurance companies – in the face of threats of legal action – for the maximum number of terms. Jones will now work as an expert on climate risk and financial markets on ClimateWorks’ Climate Risk Analysis, Disclosure, and Supervision (C-RADS) initiative.

Mika Leskinen, a responsible investment advisor to the Finland’s Church Pension and the former chair of Finsif (the Sustainable Investment Forum Fund Finland), is now chief investment officer at Helsinki-based FIM Asset Management / S-Bank Wealth Management. Leskinen was formerly the firms’ Head of Responsible Investment. He was also formerly Head of ESG at OP Wealth Management.

Philipp Kloucek has joined USS Investment Management as an RI Analyst, focusing on the integration and stewardship of ESG in the scheme’s public equities portfolio. He was previously at ISS, where he worked as a ESG Consultant with a particular focus on proxy voting, advising clients on key governance matters and vote management

Bo Søndergaard has been named as Danske Bank’s new Head of SRI Bond Marketing in DCM [debt capital markets] Syndicate, part of the bank’s increased ESG and green bond focus. Reporting to Morten Grove, Global Head of DCM Syndicate, Søndergaard will work to enhance investor dialogue concerning ESG, and enhance coordination and alignment within DCM and amongst the various entities in the Danske Bank Group.

Tomas Flodén has been named Chief Investment Officer for the SEK590bn (€56bn) Swedish pension fund AMF. Currently head of staff and vice president at the Stockholm-based fund, Flodén takes over from Javiera Ragnartz who is leaving to become CEO of SEB Investment Management.

Al Vickers is to take over leadership of BP’s wind energy business next month, media reports have confirmed, as Laura Folse retires after more than three decades with the oil giant. Vickers, who joined BP in 2000, is currently Senior Vice President – Technical Functions in the operations of BP’s oil and gas business.Milton Moskowitz, the co-author of ‘Best Companies’ lists who gave his name to the Moskowitz Prize for SRI, has died aged 91, according to the San Francisco Chronicle. His career in journalism started in 1951 as a copy boy for the Chicago Sun and he went on to work for the Hearst wire service, International News Service, as well as Reuters and Advertising Age in London and New York, his obituary stated. The Moskowitz Prize was launched in 1996 by Berkeley Haas and US SIF; its winners have examined shareholder activism, socially responsible mutual funds and socially responsible investing. It was won in 2018 by Abigail B. Sussman and Samuel M. Hartzmark, both of the University of Chicago, Booth School of Business, for Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows.

Charlie Middleton, who headed up Triodos Bank’s UK arm for more than a decade, has joined global impact firm Palladium as a non-executive director. In his three decades in the banking sector, he also held senior leadership roles for Barclays in Africa, the Caribbean and India. Middleton is already on the board of financial advisory firm Enclude, which Palladium acquired last year in a bid to strengthen its impact investing division.

Olivier Fines has been appointed Head of Advocacy for European, the Middle East and Africa (EMEA) at the CFA Institute, the global association of investment management professionals which is increasingly focusing on ESG issues. He was previously Head of UK Compliance for the Merchant Banking Division of Rothschild & Co. as well as a Technical Specialist on the Asset Management Sector Team at the Financial Conduct Authority.

Yoshihiro Kawai has been appointed as Chair of the OECD Insurance and Private Pensions Committee (IPPC). Kawai is Advisor to the Commissioner at Japan’s Financial Services Agency, the country’s financial regulator, as well as professor at the University of Tokyo and the University of Kyoto. Until November 2017, he was Secretary General of the International Association of Insurance Supervisors (IAIS).

The McKnight Foundation, one of the US’ top 50 largest foundations by assets, is hiring an Investment Analyst, ESG, & Impact Specialist to work across asset classes in the foundation’s mission-aligned investing program.