Pauline Vamos has left her post as chief executive of Australian environmental, social and corporate governance (ESG) research, engagement and advisory firm Regnan to “pursue other interests”.
The board, which are representatives of the co-owners Commonwealth Superannuation Corporation and Pendal Group (formerly BT Investment Management), have begun a “detailed strategic review” to make sure clients’ needs are met “in a changing superannuation environment”.
The two investors took over at Regnan in 2015 when several large institutional investors withdrew to become clients instead. Regnan itself dates back to 2007 having operated previously as the BT Governance Advisory Service.
Vamos, formerly CEO of the Association of Superannuation Funds of Australia (ASFA), joined the Sydney-based firm in July 2017 taking over from Amanda Wilson who stepped down having led Regnan since 2011.
A former senior executive with the Australian Securities and Investments Commission (ASIC), Vamos also chairs the CIMA Society of Australia (formerly IMCA Australia) and is a director of Mercer Superannuation Trust, Decimal Software Ltd, and the Banking and Finance Oath (BFO) group.
“The Board thanks Ms Vamos for her significant contribution to Regnan over the last 12 months and the leadership she has delivered to the business,” the company said in a statement. “We wish her well in her future endeavours.”The 17th annual Australian Responsible Investment Benchmark Report, released earlier this month, showed that A$866bn is now managed as responsible investments (representing 55 per cent of all professionally managed assets in the country).
“A strategic review to ensure the needs of Regnan’s clients are met in a changing superannuation environment.”
Head of Policy Alison George will lead the business on an interim basis.
Clients are listed as Advance Asset Management; Commonwealth Superannuation Corporation, Pendal, Catholic Super, HESTA Super Fund, L1 Capital and the Victorian Funds Management Corporation.
And, staying in Australia, Duncan Paterson of rival ESG firm CAER has penned this piece offering a conceptual framework to assist with values-based discussions.
Meanwhile, shareholder body the Australasian Centre for Corporate Responsibility (ACCR) has succeeded in getting a resolution about deportations onto the agenda for Qantas’s annual meeting on October 26.
It said: “Qantas will be required to take a public position on the human rights abuses resulting from the deportation and domestic transfer of asylum seekers and refugees at its AGM in October, with the filing of a shareholder resolution on this flashpoint issue.”