People moves: Arabesque AI picks Schroders’ head of product as CEO | News
Arabesque AI – The company has ordered Carolina Minio Paluello as the new Chief Executive Officer and on the Group’s Executive Committee. Minio Paluello will lead the launch of the company’s AI-powered portfolio management service. The new platform is Arabesque’s second release following the launch of ESG Book in 2021, which Arabesque says has become the world’s largest independent ESG data repository.
Minio Paluello resigns Schroeder, where she oversaw product, solution, and quant operations. Prior to that, she led the integration of sustainability into product solutions at Lombard Odier, after spending more than a decade at Goldman Sachs Asset Management, where she led quantitative strategy for client portfolios.
Growing client demand for thematic and impact-oriented strategies, coupled with the rapid growth and tighter regulatory oversight of the ESG investing market, requires a fundamental shift in how wealth managers create, manage and label strategies, the company said.
APG asset management – Chief Investment Officer Peter Burner will leave the company on April 30 to join the company adjust in a similar role. Since 2018, Branner – a Danish citizen – has been responsible for the investment management activities and the optimization of responsible and long-term returns.
In a press release, APG said it had opted for an “internal solution” to replace Branner, appointing Herman Slooijer (capital markets) and Patrick Kanters (private investments) as co-CIOs on an interim basis, subject to approval by regulator AFM. Both will also join the management of APG AM.
“I am very proud that we can arrange Peter’s successor internally on an interim basis for the time being. This reflects our talent and the qualities of my colleagues and allows us to take the next step for our customers,” commented Ronald Wuijster, CEO of APG AM.
Kempen – Kempen’s head of investment advice Michel Iglesias del Sol has decided to quit his job “to take some time off and explore other opportunities,” he announced on LinkedIn.
Iglesias del Sol now describes itself on the platform as an “independent investment advisor”.
Before Iglesias del Sol joined Kempen in 2017, she worked for WTW in various positions for 18 years. He also serves on the investment committee of the Staples pension fund.
Iglesias del Sol is succeeded by Iglesias del Sol Pieter Heijboera permanent portfolio manager for institutional clients at Kempen, “sometime in the second quarter,” according to a Kempen spokesman.
PNO media – Orpa Bisschop joined the board of PNO Media, the pension fund for the digital and creative industries in the Netherlands, on February 1st.
According to her LinkedIn profile, Bisschop still works for Dutch pension provider Blue Sky Group, despite being on sick leave for about a year due to burnout-related complaints.
As Chief Risk Officer of Blue Sky Group, Bisschop led a major data breach back in 2021 when criminals managed to get their hands on member details via a phishing email. At PNO Media, Bisschop will also be responsible for risk management, data protection and compliance.
KZVK – The supervisory board of the church supplementary pension fund of the Association of German Diocese (KZVK) has appointed Christian Loh as the new chairman of the board with effect from February 1.
Loh succeeds Ulrich Mitzlaff, who decided to leave the position at the end of December last year. Loh has been a member of the management board of KZVK since 2017 and is responsible for the Operations department.
Federated Hermes – Hunter Scott has been appointed Insurance Sales Manager at Federated Hermes. Scott, who will report to Doug Anderson, Head of Advisory Services, will be based in London and is the firm’s first insurance sales manager, serving insurance prospects in the UK.
Scott will be responsible for developing new and maintaining existing relationships with insurance clients across the UK and Ireland. She resigns Aviva Investors, where she began her career as a graduate of the Global Leadership Program in the UK and Singapore. Most recently, she served as Client Solutions Manager (Insurance Relations) for almost three years, where she proactively approached well-researched prospects and worked across customer service, marketing, solutions and all CIOs to accelerate the growth of the global insurance business.
ethos – The Swiss Foundation for Sustainable Development has appointed Aurora Mouturat Sorensen, David Jeannette and Matthew Narr as new members of the management board.
Mouturat-Sorensen joins the Executive Committee as Head Proxy Voting, Swiss ESG and Engagement. She will be responsible for leading the team for proxy voting at general meetings, shareholder dialogue and ESG analysis of listed companies in Switzerland.
Jeannet, Head of Responsible Investment and ESG International, and Narr, Head of Engagement International, have been members of the Extended Executive Committee since 2020.
Jeannet is responsible for overseeing the external management of Ethos funds, mandates and indices, as well as activities related to ESG analysis and ratings of international companies. Narr oversees the management of the Ethos Engagement Pool international dialogue program and the international engagement activities conducted by Ethos.
Ethos’ Executive Management Committee also includes CEO Vincent Kaufmann, Deputy CEO Anthony Gloor and Head of Client Services Michael Spalding.
ZEDRA – The pension and incentive services provider has appointed Daniel Walsch as Client Director and Head of Governance Advisory Arrangement (GAA) Research. Based in the company’s Leeds office, he will be responsible for the design of ZEDRA’s ATMs, which have been set up to provide a wide customer base with cost-effective value for money reports received by defined contribution savers.
Walsh shuts himself off Isio where he was director of fiduciary management research. He has also held positions at Xafinity Consulting (now part of XPS) and Bank of New York Mellon.
Broadstone – The consultation has ordered Rosalind Scott Douglas and Rachel Titchen Joined the advisory and actuarial department as senior members of the investment advisory team.
Scott-Douglas will lead the investment advisory team in Scotland. Most recently, she led the fiduciary management advisory team Schroederand prior to that she was an investment advisor at WTW.
Titchen sits on the board of trustees of the Veolia Environmental Trust and will be moving from there to the Broadstone office in Redditch Hymans Robertson. She will lead Redditch’s investment advisory team and will also be responsible for driving the growth of Broadstone’s charitable advisory service.
BNP Paribas Asset Management (BNPP AM) – Geoff Dailey was appointed Deputy Head of US Equities effective February 2023. He will be the successor Pamela Wu following her planned retirement at the end of June 2023. Woo is retiring after a long and distinguished career of 30 years in the industry, including almost 20 years at BNPP AM.
With more than 20 years of experience in the financial services and wealth management industry, Dailey has worked alongside Woo since 2014 as a senior portfolio manager and an integral member of the team. Boston-based Dailey is currently the lead portfolio manager on the US middle-cap strategy and co-portfolio manager on the US small-cap strategy; He also manages the team’s investments in finance and real estate.
wheelwright – The pension specialist for defined benefit and hybrid systems has been appointed Stephen Carey as an actuary. Carey will be based in the firm’s Godalming office, overseeing a portfolio of small to medium sized plans and supporting the existing actuarial team.
Carey has been in the pensions industry for 13 years and has held positions at both Aon and Premier pension administration, from where he joins. He is a Fellow of the Institute and Faculty of Actuaries.
Eastspring Investments – Prudential plc’s wealth management business has hired three new senior executives to join its Singapore-based fixed income team, reflecting Eastspring’s commitment to further expanding its fixed income capabilities.
Clemens Chong joined as Credit Manager and then reported to Danny Tan, Head of Fixed Income. He oversees the credit research team, which is responsible for providing robust research coverage of Eastspring’s credit views and analysis, and co-manages the Eastspring Asia Sustainable Bond Fund with Rong Ren Goh, the portfolio manager. Chong was most recently head of research at NN investment partnerwhere he was responsible for the fixed income research process and managed Asian high yield strategies.
Benedict Phua joined as Director of Fixed Income, reporting to Wai Mei Leong, the lead portfolio manager. Focusing on Asian USD lending solutions based strategies at Eastspring, Phua has 16 years industry experience at Standard Chartered and DBS, 14 years of which managed multi-currency fixed income and rates portfolios in Singapore and Hong Kong.
JamieTay joined the Asian Fixed Income team as a Director and Client Portfolio Manager and is responsible for bridging the views of Eastspring’s investment team and clients. She resigns UBS Wealth Management in Singapore, where she was Director of Fixed Income Strategies in Asia and China.