Rory Sullivan, former head of responsible investment at Insight Investments, has quit his subsequent job as head of responsible investment at Osmosis Investment Management, the London-based low carbon solutions boutique, after just five months in the position. Denise Saber, former head of European institutional business development at Insight who teamed up again with Sullivan in a similar role at Osmosis, has also resigned after a similarly brief tenure. The simultaneous departure of the pair – they are understood to have resigned on the same day – asks questions of the firm’s future in developing its ESG capabilities, which Sullivan had been brought in to lead. Sullivan resurfaced at Osmosis in July this year after he left Insight in December 2009 following the decision by its parent, Lloyds Banking Group, to break up the fund manager. He told Responsible-Investor.com that he had left Osmosis to “pursue other opportunities” but said he had not yet taken a position elsewhere.In a former post, Sullivan led much of Amnesty International’s work relating to trade, investment policy and corporate accountability. Saber joined Osmosis in June this year and when contacted by RI said she had also resigned to look at other opportunities but had not so far joined another company. She was a former European marketing director at Rogge Global Partners, the bond manager, and led sales to pension funds and mutual funds in Europe. Osmosis, which runs low carbon products including exchange-traded funds, index portfolios and managed accounts, did not comment on the resignations of Sullivan and Saber. Osmosis was created in 2008 and initially also ran a clean tech private equity strategy. June Aitken, chief executive officer and founding partner at Osmosis, was a former global head of distribution for Asian equities and then headed global equities long/short and sector product distribution, at UBS Warburg, before spending four years with HSBC.
Former Insight pair Sullivan and Saber quit Osmosis on same day after just five months
Double resignation puts question mark on ESG development of low carbon manager, Osmosis.