RI People & Appointments, November 28: Arabesque, PRI, CAER, Norges Bank, APG Group

The latest ESG movers and shakers

Emma Hunt, Co-Head of Hermes Equity Ownership Services (EOS), the engagement arm of BT Pension Scheme-owned Hermes Investment Management, has become the latest ESG figure to team up with quant SRI firm Arabesque. Hunt joins the firm’s Advisory Board – alongside names such as Rob Bauer of Maastricht University, Hermes’ Colin Melvin, Oxford Professor Gordon Clark, Harvard’s George Serafeim and Sustainalytics’ Michael Jantzi. Arabesque’s board is chaired by Harvard’s Robert Eccles and includes former Global Compact head Georg Kell and Barbara Krumsiek, the former Calvert Investments CEO.

There have been some changes at the Principles for Responsible Investment (PRI). Mandy Kirby has been promoted to Director of Reporting & Assessment (she was formerly an Associate Director). Kris Douma, director of Investment Practices and Reporting, will now be Director of Investment Practices and ESG Engagements.

Damon Buffini, former private equity boss, will head up the UK’s Patient Capital Review, according to the Prime Minister, Theresa May. May told the Confederation of British Industry during a speech that Buffini, who previously headed London-based private equity house Permira, will chair the initiative. The Review was launched by the UK Treasury to “examine how we can break down the obstacles to getting long-term investment into innovative firms” located in the country. “We are backing the innovators,” May continued, “and backing the long-term investors”.

Andrea Montague has been appointed Royal London’s Deputy Group Finance Director, effective January 2017. Montague will have responsibility for Royal London’s financial reporting and control function. With a background on life insurance business, she joins from Standard Life. Announcement

Norges Bank Investment Management will lose its Chief Investment Officer to asset manager Skagen early next year. Øyvind Schanke is currently CIO for asset strategies at NBIM, where he oversees some NOK7.3trn (€802bn) across fixed income and equities for Norway’s Government Pension Fund Global. He has worked at NBIM for 15 years, with roles including Head of Trading and Global Head of Equity Trading. But in February he will join Skagen as chief executive, replacing Leif Ola Rød who has held the position since 2014.Julia Leske has been named chief executive of CAER, the Australian ESG research and analysis firm. She has worked with CAER for almost a decade, most recently in the role of Business Development Manager, and takes over from founding CEO Duncan Paterson, who becomes Executive Director. Set up in 2000, Canberra-based CAER (Corporate Analysis. Enhanced Responsibility) is a partner of Vigeo Eiris. In 2017 it plans to develop its ESG research and consulting offerings “to ensure CAER maintains a full end‐to‐end service for institutional investors needing to develop and implement responsible investment (RI) policies and methodologies”.

Dick van Well has been named to the Supervisory Board of APG Group, the Dutch pensions investor owned by civil service pension giant ABP. Van Well is the former chairman of construction and infrastructure firm Dura Vermeer Group; he currently chairs Dutch football team Feyenoord.

ESG specialist Oliver Guillou has been appointed chief investment officer at Ecofi, a French asset management firm. Guillou has worked for 23 years at Ecofi and manages three funds of the Paris-based firm (Ecofi Convertibles Euro, Ecofi Entreprises and Ecofi Patrimoine Diversifie P). Guillou will report to Oliver Plaisant and Tony Boisseau, who head the Ecofi’s equities, credit, rates, diversified funds and quantitative strategies teams. He succeeds Camille Barbier, who has left the firm.

Gerhard Dieterle has been elected Executive Director of the International Tropical Timber Organization (ITTO), an environmental intergovernmental organisation of producers and consumers of timber. Link

Carol Mack has been named as the new CEO of the Association of Charitable Foundations (ACF), the membership association for foundations and grant-making charities in the UK, after 12 years as Deputy CEO. She takes over from David Emerson. Announcement

A Director of Corporate Engagement and Outreach is being sought for the Office of the New York City Comptroller’s Bureau of Asset Management. The BAM oversees the investment portfolio of the New York City Retirement Systems, a $165bn portfolio managed primarily by external investment managers. The directorship position is a direct report of the Assistant Comptroller for Corporate Governance and Responsible Investment. As such the role involves implementing active ownership programs including proxy voting and engaging portfolio companies on their ESG policies. Link