UNPRI chairman to step down in October

Process started to find successor to Donald Macdonald.

The $20 trillion responsible investor initiative, the United Nations Principles for Responsible Investment (PRI), has started the process of electing a new chair after it confirmed that current chairman, Donald Macdonald, will stand down in October.
Macdonald, a board member of the BT pension scheme, the UK’s largest, has been chair of the PRI since it was formally launched in April 2006 at the New York Stock Exchange by then UN Secretary General, Kofi Annan. Under Macdonald’s chairmanship, the PRI has grownto 753 signatories, including 205 asset owners and 404 fund managers.Macdonald’s tenure will formally end at the next PRI annual general meeting in October at the PRI in Person conference in San Francisco.
The PRI said its board, which is made up of 11 representatives from asset owner signatories and two representatives from the UN, would appoint a new chair in the lead up to the meeting, with the new chair expected to formally take over after October.