RI People & Appointments, Oct. 10: Norges Bank’s ownership strategies head takes new role within NBIM

The round-up of the latest ESG movers and shakers

William Ambrose, Norges Bank Investment Management’s Global Head of Ownership Strategies, has moved to another role within the organisation. “Mr Ambrose has taken up a different position in NBIM,” a spokesperson confirmed without providing further details. NBIM, the arm of the Norwegian central bank which manages the assets of the Government Pension Fund Global, has advertised for a replacement, saying: “The successful applicant will lead and develop the fund’s responsible investment activities.” The position will be based in either Oslo or London and report to the CIO of Equity Strategies, who is located in London. Ambrose, who has been with NBIM since 2007 in a variety of roles, was Global Head of Business Risk before taking on the ownership strategies role in 2012. In effect he took over the role previously held by Anne Kvam, who was Global Head of Ownership Policy. Kvam is now a sustainability risk management advisor with DNV and is on the board at Folketrygdfondet, the manager of the domestic-focused Government Pension Fund Norway.

Mari Murata, who stepped down recently as manager of investor relations in the social and responsible consulting team at Japan’s Sumitomo Mitsui Trust Bank, has joined the Government Pension Investment Fund as a Director of Stewardship & ESG Division of Public Market Investment Department. She will work with Hiroshi Komori, Head of the Division & Senior Director of the Department.

The Swedish government has appointed economist Catrina Ingelstam to the supervisory board of the country’s sixth national buffer fund AP6. Ingelstam, who replaces Katarina Bonde, was most recently CFO at Dina Försäkringar, a partnership of 13 insurance companies, as well as at pensions and insurance provider Folksam.

Emily Chew, most recently Head of ESG Research for Asia-Pacific at MSCI, has joined Manulife Asset Management as Global Head of Environmental, Social and Corporate Governance (ESG) Research and Integration, a new role at the firm that has C$435bn (€303bn) under management. Chew is based in Hong Kong and reports to Peter Mennie, Senior Managing Director and Global Head of Investment Risk and Quantitative Analytics. It follows the firm becoming a signatory to the Principles for Responsible Investment in 2015, as well as hiring Frederick Isleib as ESG Analyst, North America. Isleib reports to Chew.

Jonathan Ford has joined Glass Lewis, the proxy advisory company, as its director of business development for the EMEA region. Ford was previously director of industry engagement at Broadridge, the investor communications company. He has also been a member of the UK Shareholder Voting Working Group, the International Corporate Governance Network, and the European Corporate Governance Institute.

Rod Taylor has been named the new Global Director of the research organization the World Resources Institute’s Forests Program. Previously Director of WWF’s Forest Program, he will head up the WRI’s Global Forest Watch, the Global Restoration Initiative and the Forest Legality Initiative.

Radford Small has been promoted to Chief Financial Officer at SolarCity, the Nasdaq-listed US solar firm chaired by Elon Musk. Formerly Executive Vice President of Global Capital Markets, Small will report to CEO Lyndon Rive, having joined the firm from Goldman Sachs where he Chief Operating Officer for the Clean Technology and Renewables group. SolarCity’s President Tanguy Serra will be departing SolarCity, following the anticipated acquisition by Musk’s electric car firm Tesla.Amra Baliç, Head of BlackRock’s EMEA Investment Stewardship team, has been appointed to the board of Eumedion, the Dutch based corporate governance and sustainability platform for institutional investors. Baliç succeeds Frank Curtiss, who recently retired and left Eumedion participant RPMI Railpen. The 70 Eumedion participants represent more than €6trn assets under management and own approximately 25% of Dutch listed shares.

Ethical investment specialist UCA Funds Management, owned by the Uniting Church in Australia, Synod of Victoria and Tasmania, has appointed Katherine Allchin as a non-executive director. Allchin has previously worked as a managing director at Barclays Global Investors. In 2010, she founded Vinva Investment Management, a boutique Australian and Asian equity funds management business that has AU$20bn funds under management where she currently has executive responsibilities.

Elisabet Jamal Bergström has been appointed Chief Sustainability Officer at Handelsbanken, the Swedish bank. She was previously Head of Sustainability and will now be a member of the Bank’s Senior Management. She succeeds Katarina Berner Frösdal who has been appointed Chief Operating Officer for the business support units at Handelsbanken. It comes amid a reshuffle that will see Michael Green leave his post of CEO at Handelsbanken Sweden.

Matt Quarles has joined executive compensation consulting firm Pay Governance as a partner. Prior to joining Pay Governance, Quarles was for seven years with Compensia. Before that, he was with Watson Wyatt for 10 years. Announcement

Tim Smith, Walden Asset Management’s director of ESG Shareowner Engagement, has become the first secular recipient of the Interfaith Center for Corporate Responsibility’s (ICCR) annual Legacy Award. Smith was recognised for his work around shareholder advocacy for socially and environmentally just business practices. The ICCR praised Smith for his work on climate change engagement and governance issues such as lobbying and political spending.
Korn Ferry has appointed governance specialist Chris Fischer as a senior client partner at its Executive Pay & Governance Practice. The US-based consultancy, which specialises in advising companies on human resources, has hired Fischer to focus on executive compensation and corporate governance – including providing clients with advice around regulation, proxy access and compensation. He will be based in the firm’s Chicago office. Fischer previously headed up the Corporate Governance Consulting division of consulting firm Hewitt. Link

The Bishop of Manchester in the UK, Dr David Walker, has been named as the new Deputy Chair of the Church Commissioners’ Board of Governors. He replaces the Bishop of London, Dr Richard Chartres, who is retiring from his bishopric in February and who has served as a Commissioner since 1999.

The former heads of Deloitte’s corporate governance and audit committee divisions have teamed up to launch a Centre for Board Effectiveness at the firm. Deb DeHaas previously led the Center for Corporate Governance at the financial services giant, while Henry Phillips ran the Audit Committee Programmes and Client Matters division. Now the pair will both take Vice Chair roles at the new centre, which will focus on working with board members on governance and audit strategy, risk, innovation, compensation and succession.