RI People & Appointments, Nov. 13: Palmieri to head SocGen’s new Sustainable and Positive Impact Finance offering

The latest ESG movers and shakers

(Corrects Claire Jones’ appointment at the Institute of Actuaries)

Pierre Palmieri, currently Head of Global Finance at Societe Generale, will additionally be the head of a new ‘Sustainable and Positive Impact Finance’ offering within the global banking & investor solutions’ activities at the French bank. In the latest by banks into the ESG space, SocGen said the initiative would will incorporate the bank’s Environmental & Social (E&S) expertise into a “wide range of innovative financial solutions that satisfy the E&S requirements and challenges of its issuer and investor clients”. It said the initiative is in line with its Social & Environmental Responsibility policy. Palmieri’s role will be to coordinate the entire client offering.

Paul Coombes, Chairman at the Centre for Corporate Governance at London Business School, and James Macpherson, Deputy CIO on BlackRock’s Fundamental Active Equities team, have joined the UK’s Investor Forum’s board of directors. The Investor Forum came out of a recommendation from the Kay Review of UK Equity Markets and Long-Term Decision Making and aims to help facilitate a better dialogue between boards and their shareholders. The Forum’s executive team has also been strengthened with the addition of Fiona Ellard, formerly of Blackrock, and Tim Shanagher, formerly of Credit Suisse in September. Announcement

Correction: Actuary Claire Jones, Senior Consultant at London based consultancy firm, Lane Clark & Peacock LLP, is Chair of the ESG Working Party at the Institute and Faculty of Actuaries (IFoA) and not Chair of the Resource and Environment Board as previously reported.

Ann Yerger, the former Executive Director at the Council of Institutional Investors (CII), the US investment industry body, has joined US consultancy SpencerStuart. Yerger, who was at the CII for nearly 20 years, also recently served as Executive Director at the EY Center for Board Matters, the professional services’ corporate governance engagement initiative.

David Maddison has been appointed managing director at RPMI Railpen, the UK’s railways pension administrator. He was formerly deputy CEO. It added that Paul Sturgess has from Equiniti joined as MD for RPMI’s administration arm.

Isaac Khurgel, former Head of Communications at ESG data analytics firm TruValue Labs, has joined Wells Fargo Asset Management’s newly formed Strategic Business Segments team as Investment Strategist. Speaking to RI, Khurgel – who also previously worked at the PRI – said that the asset management arm of the US banking giant has identified ESG as a key strategic initiative. Reporting to Jessica Mann, Head of ESG, he will now work with “ESG partners across the Wells Fargo enterprise to deliver holistic and solutions-oriented deliverables across ESG approaches and asset classes”.France’s responsible investment association (Forum pour l’Investissement Responsible, or FIR) has elected four new vice presidents. They are: Héléna Charrier (Caisse des Dépôts et Consignations), Laurène Chenevat (Mirova), Philippe Dutertre (AG2R La Mondiale), and Bertille Knuckey (Sycomore Asset Management). Caroline Le Meaux of the Ircantec fund was elected chair of the investor relations committee. Link

Aled Jones, former Principal, Responsible Investment at Mercer, has been appointed Head of Sustainable Investment, EMEA at FTSE Russell. He will be responsible for working with FTSE’s clients to support their ESG investment strategies. Rory Sullivan, former Head of Responsible Investment at Insight Investment, also joins the index provider as Interim Head of ESG Standards and Innovation, and will help to develop research and further define market standards and ESG methodologies. Jones is also on the board of the UK’s Sustainable Investment and Finance Association. Sullivan has recently worked with the PRI on its Fiduciary Duty in the 21st Century project, served as expert advisor to the Transition Pathway Initiative, and worked with the UN Global Compact to develop advice for companies on CSR strategies.

Daniel Madhavan has been named CEO of Australian impact fund manager Impact Investment Group (IIG). Formerly an executive with Goldman Sachs, he was founding CEO of the Impact Investing Australia body.

Christoph von Reiche, Head of Europe Institutional Business at JP Morgan Asset Management in London, has been named as Head of Global Distribution & Marketing and Executive Committee member at Dutch asset manager Robeco. He joins with immediate effect and will be responsible for Robeco’s global sales strategy and organization.

Roger Liew, Chief Technology Officer at online shopping platform ShopRunner, has been named Operating Partner at Chicago based impact investor, Impact Engine. He will be responsible for helping to develop the “early stage” venture fund’s portfolio of companies that create positive social or environmental impact.

UK pensions veteran Mike Morrison has died aged 55. His career in the financial services industry spanned almost 30 years, with roles at Winterthur Life (which became AXA Wealth) and AJ Bell, which he joined in 2012 as Head of Platform Technical.

Paul Spencer, Chair of Rolls-Royce’s £13bn (€14.7bn) UK pension scheme, is set to retire from the role he has held since 2008, IPE reports. Liz Airey, Non-Executive Chair of Jupiter Fund Management and a former Chair of the Unilever UK Pension Scheme, has been named by the scheme’s Board of Trustees as Spencer’s replacement.