Church Commissioners for England, Centraal Beheer, Newton, MSCI, Folksam, Lincoln Pensions, SGSS, Carlyle Group, Kames Capital, DWS, Epoch Investment Partners
Church Commissioners for England – The Church of England’s investment arm has expanded its engagement team with the appointment of two analysts. Olga Hancock is a qualified environmental lawyer with more than 15 years’ experience in environmental and human rights law and joins as senior engagement analyst. She was most recently the pro bono lead at international law firm Simmons & Simmons.
Harry Ashman was most recently a sustainability manager at Capgemini Group and joins as an engagement analyst. Both analysts report to Edward Mason, head of responsible investment at the Church Commissioners, which manages £8.2bn (€8.8bn) in endowment and pension funds on behalf of the church. The asset owner also announced it had appointed Hermes EOS as their new external engagement provider.
Mason said the appointments sent “a clear signal that the Church Commissioners are deeply committed to active ownership and our belief that strong long term returns on investment and better, fairer and more sustainable outcomes for society go hand in hand”.
Centraal Beheer APF – Janwillem Bouma has been nominated as chief executive of the €3bn consolidation vehicle of Centraal Beheer, a subsidiary of Dutch pensions insurer Achmea. He is to succeed Huub Hannen as of 1 November.
Between 1987 and 2018, Bouma held several management positions at energy giant Shell, and was director of the company’s two Dutch pension funds since 2010. Last year, he started as a partner at Dutch consultancy Montae. Bouma is also chairman of the European industry organisation PensionsEurope.
Centraal Beheer APF has more than 50,000 participants and an annual contribution volume of €170m.
Newton Investment Management – The BNY Mellon subsidiary has hired Andrew Parry, Hermes Investment Management’s former head of sustainable investing, as its own head of sustainable investment. He will join Newton on 14 October and report to Curt Custard, its chief investment officer.
Parry left Hermes earlier this year “to pursue a new opportunity”. Most recently at Hermes he was developing the firm’s impact investing capabilities and aligning its funds with the UN Sustainable Development Goals.
Newton’s Custard said: “Andrew’s experience in responsible and sustainable investment will be hugely valuable as we continue to develop our offering in response to our clients’ needs.”
MSCI – Fredrik Magni has joined the index, data and research firm as head of Nordic coverage, having previously been head of equities for the region at Morgan Stanley.
Before joining Morgan Stanley, Magni was head of asset management at Swedish pension buffer fund AP6, the private equity specialist fund that forms part of the country’s first-pillar system. He has also worked as a fixed income trader at Volvo Group Finance.
Folksam – Charlotta Carlberg has been appointed chief executive of Folksam Försäkringsaktiebolag, a wholly-owned subsidiary of the life and pensions arm of Swedish insurance group Folksam.
At the subsidiary, which provides unit-linked insurance, Carlberg will replace the current chief executive Thomas Theiler, who is leaving the role to become head of the anti-money laundering department within the fund’s life arm, Folksam Liv. Carlberg currently works for Folksam Liv as chief compliance officer, and previously worked for auditing firm KPMG within compliance with Solvency II. Both Carlberg and Theiler will take up their new roles on 1 October.
Lincoln Pensions –The specialist covenant advisory firm has appointed Vanessa Emens as chief operating officer. She was previously at a start-up life insurer, and has also worked at Acenden Mortgage Services, part of Northview Group, where she was head of operations and responsible for delivering customer service capability for a number of clients.
Societe Generale Securities Services (SGSS) – The custodian has appointed Matthew Davey to the newly created role of head of coverage, marketing and solutions for the UK. For now he will also continue to carry out his responsibilities as head of business solutions at SGSS, a position he has held since December 2016.
Carlyle Group – The US private equity and alternative asset management firm has hired Phil Davis as head of sustainability for its activities in private equity, real assets and global credit for the EMEA region. Davis was previously an assistant director within PwC ’s sustainability and climate change team. He joined the consultancy in 2008.
Kames Capital – The UK arm of Aegon Asset Management has confirmed the departure of CEO Martin Davis, which it said was by mutual agreement. Stephen Jones has been appointed interim chief executive and will take on those responsibilities in addition to his role as chief investment officer for Aegon Asset Management (AAM) Europe and Kames Capital. Bas NieuweWeme, AAM’s global CEO, would take over Davis’ responsibilities as head of AAM Europe, also on an interim basis.
DWS – The €719bn asset manager has hired Peter McGloughlin as head of UK and Ireland insurance. He joins from private credit specialist Eatonville Capital Partners where he was managing director.
McGloughlin is also a former executive director of BNP Paribas’ UK insurance and pensions solutions business, where he worked with institutional clients on allocations to alternative fixed income, yield enhancement, derivative hedging and capital optimisation. He has also worked at Lloyds Banking Group and analysis firm Reech Capital.
DWS said it was seeking to expand its insurance sector coverage, having also recently recruited Clara Fiedrich as a specialist to cover the German insurance sector. It ran almost €200bn of assets on behalf of insurers as of 30 June 2019.
Epoch Investment Partners – The £29bn (€33bn) equity investment specialist announced late last week that William Priest was to step down from his role as CEO from 1 April 2020, to become the company’s executive chairman alongside his existing roles as co-chief investment officer and portfolio manager.
Philipp Hensler, currently Epoch’s president and chief operating officer, will take over as the firm’s CEO. He joined the firm last year from Vontobel, where he was president and CEO. He has also held senior positions at Oppenheimer Funds at DWS.
Priest, a co-founder of Epoch in 2004, said: “Best practice suggests a separation between the ‘business of investing’ and the ‘business of the investment business’. This evolution of duties will allow me to focus solely on the former function. I will continue to lead the investment team and focus on our clients’ portfolios.”
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