RI People & Appointments, Nov. 11: Bloomberg’s Sustainable Business head Ravenel leaves

The latest ESG movers and shakers

The article was amended to correct the name of Curtis Ravenel’s father.

Curtis Ravenel, a board member at reporting standards provider, the Sustainability Accounting Standards Board (SASB), and member of the secretariat of the Taskforce on Climate-related Financial Disclosures (TCFD), has left his position as Bloomberg’s Head of Sustainable Business and Finance, a spokesperson confirmed. Ravenel established Bloomberg’s Sustainability group in 2006 and has spearheaded the introduction of ESG into the company’s products. Ravenel, himself the son of Democrat politician Charles ‘Pug’ Ravenel, exits the organisation as his former boss Michael Bloomberg appears poised to enter the race for the Democratic party presidential nomination.

Anton Esser, the former CIO of Legal & General Investment Management (LGIM) who recently stepped down, is planning to relocate to South Africa and set up an “impact focused asset management business”. According to a statement posted online, Esser said that he would be first embarking on a three-month world trip with his family after leaving LGIM. Esser, a native South African, was succeeded by Sonja Laud at the asset manager.

It’s all change at Danish pension funds. Mikkel Svenstrup has been appointed Chief Investment Officer at ATP, the DKK900bn ($132.9bn) Danish labour market scheme. He joins from P+, the entity formed by the merger earlier this year between Lawyers’ and Economists’ Pension Fund (JØP) and the Engineers’ Pension Fund (DIP), where he held the same post for the past three years. Peter Lindegaard has been promoted to CIO at DKK183bn Industriens Pension after former CIO Karsten Kjeldsen left to take up the top job at Lærernes Pension, the teachers’ pension fund. Lindegaard was previously IP’s head of listed investments.

Jane Wilkinson, the former sustainability head of the Luxembourg Stock Exchange and former member of the European Commission’s Technical Expert Group (TEG) on Sustainable Finance, has joined the Advisory Board of Label R, the world’s first platform for ESG due diligence based in the Grand Duchy. Formerly with KPMG, Wilkinson currently runs her own ESG consultancy, Ripple Effect Sàrl.

Nalini Feuilloley is now Head of the North America responsible investment team at BMO Global Asset Management (BMO GAM). She joined the Montreal-based manager in October from the Principles for Responsible Investment (PRI), where she oversaw the network’s engagement activities in Canada. She will be based in Toronto and report to Alice Evans and Claudia Wearmouth, BMO’s London-based responsible investment co-heads.

Another PRI staffer, Natasha Buckley, a Senior Manager on the private equity advisory committee, has announced she is leaving the body after eight years.

Elsewhere, Danielle Chesebrough, a PRI Senior Analyst, will also be leaving the network after being elected as the first woman to lead the Connecticut town of Stonington in recent local elections. As First Selectman, she will head Stonington’s town council, known as the Board of Selectmen.Julia Gillard, the former Australian Prime Minister, has been appointed to the global leadership council of $1.6bn impact investment firm LeapFrog Investments. She joins other new appointees, Simon Israel, chairman of Singtel, Jaime A. Zobel, Chairman and CEO of Ayala Corporation; and Henri De Castries, former Chairman and CEO of AXA, the inaugural member of the council. Gillard introduced a carbon tax during premiership, although it was abolished by her successor Kevin Rudd.

Jan-Hendrik Erasmus is to step down as Chief Risk Officer at Dutch fund firm NN Investment Partners at the end of the year to take up the same role at UK insurer Aviva. Previously, he was a partner at the Financial Services unit of management consultants Oliver Wyman.

Akiyo Inaba is now Head of the Sustainability Management Office of Corporate Planning Department in SuMi TRUST, a fund management company owned by Japanese financial giant Sumitomo Mitsui Trust Bank.

Nichola Pease has been named Chair of UK-based fund manager Jupiter Fund Management, taking over from incumbent Liz Airey when she steps down in March 2020. Pease joins the board after an eight-year stint as non-executive director at rival Schroders. A former chief executive at JO Hambro Capital Management, Pease is one the most high-profile women in the City. Her partner, Crispin Odey of Odey Asset Management, has agreed to close his firm’s short position in Jupiter during her tenure as Chair. A similar arrangement was in place while Pease sat on Schroders’ board.

Andrew Dunnett, Director of the Vodafone Group Foundation, will oversee Vodafone’s sustainable business function in addition to his current responsibilities as the company formulates its response to the UN Sustainable Development Goals (SDGs). Dunnett has led the foundation since 2006 and was formerly an advisor to the UK Department of Trade and Industry.

Alexsandro Broedel, Joanna Perry and Maria Theofilaktidis have been appointed to the IFRS Foundation – the independent standards setting body of the IFRS accounting body. They are respectively, Group Executive Finance Director and Investor Relations Head at Itau Unibanco in Brazil, the current Chair of the IFRS Advisory Council, and Executive Vice-President, Chief Compliance Officer and Head of Enterprise Risk for The Bank of Nova Scotia (Scotiabank).

Credit Suisse is seeking a London-based sustainable and impact investing analyst who will sit within its Impact Advisory and Finance (IAF) department.

The Australasian Centre for Corporate Responsibility (ACCR), a shareholder advocacy non-profit, is seeking a Companies Analyst to carry out research on climate, energy and environmental issues as they relate to Australian listed companies.

SHARE, a Canadian responsible investment education and research non-profit, is seeking a Director to lead the organization’s shareholder engagement and policy advocacy program. The senior appointee will lead a team of analysts and report to the organisation’s CEO. The position is Canada-based and fluency in French will count in favour of the candidate.