RI People & Appointments, Sept. 2: AP1 names Teresa Isele interim chief as CEO Magnusson fired

Teresa Isele will take the reins at Swedish pension fund AP1 following the firing of CEO Johan Magnusson, announced today. Magnusson headed up the public buffer fund for more than 11 years, but was dismissed with immediate effect after breaching its rules on holding and trading financial instruments. The board of directors named Isele, currently Chief Counsel, as Acting President until a new CEO is found. She has been at AP1 since 2015 and is Secretary to the Board. Chairman of the Board Urban Hansson Brusewitz thanked Magnusson for his time at AP1 but said that “he does not have the Board’s continued confidence” because of the breach. Before joining AP1, Magnusson was Global Head of Investment Management at SEB Wealth Management.

Cindy Rose, formerly Head of ESG, Clients and Products at Aberdeen Standard Investments (ASI), has joined Majedie Asset Management, the London-based boutique with £11.5bn ($12.7bn) under management, as Head of Responsible Capitalism. Responsible Capitalism was adopted in 2012 as Majedie’s “ESG ethos”. A spokesperson told RI that ASI was not looking to fill Rose’s former role.

Amanda Williams, the former Head of Corporate Communication at BNY Mellon affiliate Insight Investment, has joined Chronos Sustainability, a specialist advisory firm co-founded by Nicky Amos and Rory Sullivan. Chronos is involved in a number of major industry initiatives including the Transition Pathway Initiative, the Global Coalition for Animal Welfare, the Business Benchmark on Farm Animal Welfare, and the World Animal Protection Seafood Index.

Thomas Lanctot has been reportedly named incoming CEO of Catholic Investment Services (CIS), an investment manager for Catholic institutions such as endowments, dioceses and charities, with around $650m worth of assets under management. Lanctot is a founding director of CIS and a retired partner at investment banking firm William Blair & Co.,

Mirjam Groten has joined Amsterdam-based sustainability reporting standards provider the Global Reporting Initiative (GRI) as Chief Business Development Officer. Groten was previously the Business Development Director of Fairtrade Australia & New Zealand.Martin Jarzebowski has been promoted to the newly created position of Director of Responsible Investing at Federated Investors, the listed asset manager with $502bn under management that is the majority owner of Hermes Investment Management. He will be responsible for the design and build-out of Federated’s Responsible Investing Office. Jarzebowski, currently the co-manager of Federated’s $330m Clover Small Value Fund, will report to Anne Kruczek, executive vice president, who has led the office since its formation in February 2019.

Pelle Pederson, ex-Head of Responsible Investment at Danish pension giant PKA, has confirmed another board position as part of his efforts to support sustainable finance through start-ups. Pederson, who was at PKA for more than five years until last summer, has become a member of the Board of Advisors at IMPACTR – a digital platform set to launch next month to aggregate sustainable businesses, products and services, At the time he left PKA, Pederson told RI he wanted to focus on tackling the “financing gap” faced by sustainability-focused start-ups. He is also a member of the Danish parliamentary panel on the SDGs, and a member of the Board of Advisors for a start-up specialising in making food from insects.

Emanuel Chirico, chairman and CEO of listed US clothing conglomerate PVH – which owns brands like Tommy Hilfiger and Calvin Klein – has been appointed to the board of the UN Global Compact.

Claire Finn has been appointed to the board of Law Debenture , the London-listed investment trust which provides professional services such as pension trusteeship. Finn most recently headed up BlackRock’s defined contribution business in the UK and has had stints at Henderson Global Investors and Bank of Tokyo-Mitsubishi.

Derek Zaba has joined Sidley Austin – the law firm where Barack and Michelle Obama are former associates – as co-leader of its shareholder activism practice. He joins from PJT Camberview Partners.

The Prince’s Accounting for Sustainability Project (A4S), a sustainability reporting initiative convened by Prince Charles, is seeking an Outreach and Events Manager to develop and deliver a global engagement strategy.