Casey Clark Joins Rockefeller Capital Management as Head of ESG Investments

Casey Clark has joined Rockefeller Capital Management as head of environmental, social, and governance (ESG) investments at Rockefeller Asset Management

In the newly created role, Clark is responsible for directing the ESG investing research, analytical and engagement framework, and processes across all Rockefeller Asset Management strategies. He reports to David Harris, chief investment officer and president of Rockefeller Asset Management, and is based in New York City.

 “We see a growing number of institutional and intermediary clients requiring sophisticated ESG analysis, and Casey’s extensive expertise integrating the rapidlydeveloping array of ESG data and information will continue to drive our position at the forefront of sustainable investing,” Harris said.

Prior to joining Rockefeller, Clark worked as managing director and director of sustainable and impact investing at Glenmede, where he helped launch and build Glenmede’s sustainable and impact investing business.

Standard Life Aberdeen Announces Board Changes

Standard Life Aberdeen’s board unanimously approved the dissolution of its current co-chief executive structure, effective March 13.  

Keith Skeoch has been appointed sole chief executive officer. Martin Gilbert is now vice chairman of Standard Life Aberdeen, chairman of Aberdeen Standard Investments, and will continue to be an executive director of the board. Gilbert and Skeoch will continue to report directly to the chairman.

After 34 years with the group, Bill Rattray will retire from the board, by mutual agreement, on May 31. He will be succeeded by Stephanie Bruce, who will take up the position of chief financial officer (CFO) and executive director on June 1.

In addition, Richard Mully will retire from the board at the conclusion of the 2019 AGM. He has been a director of the company since August 2017, having served as a director of Aberdeen since April 2012.

Following these changes, the board will comprise four executive directors, five non-executive directors, and the chairman. The board will be made up of four women and six men.

MUFG Names New Managing Director, Head of Private Equity and Real Assets

MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Bruno Bagnouls as managing director and head of private equity and real assets of Mitsubishi UFJ Investor Services & Banking Luxembourg.

Bagnouls will oversee private equity and real assets for Mitsubishi UFJ Investor Services & Banking Luxembourg MIBL. He will lead the development of the private capital client line, including private equity, real assets, and debt solutions. He will also oversee the management of a portfolio of products and develop solutions that will enhance client experience and meet their continuously evolving needs.
 
Bagnouls joins MUFG Investor Services from TMF Group, where he was the group head of private equity and real estate, and a managing director of TMF Luxembourg for four years.

Kingswood appoints US CEO

Kingswood Holdings has appointed Najib Canaan as US CEO as the firm sets its sight on US expansion and growing investment distribution channels for its products.

Canaan will join the newly restructured Kingswood Investment Committee from Marinus Capital Advisor, an alternative investment management firm where he was the founding partner and chief investment officer. Prior to that, Canaan was a managing director and head of structured finance at GSO Capital, a Blackstone Group affiliate. He also established and managed the structured products trading group at Brevan Howard. 

Kingswood sees the US as a big growth opportunity being the largest global wealth management market, estimated to be worth $46.9 trillion as at 2016. The market is still growing significantly year on year with 5.7% compound annual growth rate forecast for 2016-2020. By the end of 2025, it is estimated the North American market will be worth in excess of $71.2 trillion.

“I was immediately impressed with Kingswood’s ambition to grow the business internationally,” Canaan said. “The firm is actively looking to grow in a market that is expanding rapidly and I’m excited to extend our distribution channels.”

Point B Names Brian Turner President of Consulting

Point B, an integrated management consulting, digital services, venture investment, and real estate development firm, has appointed Brian Turner as president of consulting.

He has served as the interim president of consulting since mid-2018 and has played a critical role in Point B’s growth, including a 21% revenue gain and talent pool extension to 950 people in 2018.

“Brian has been a truly important figure in Point B’s history and is playing a pivotal role in our path forward,” said Point B Chief Executive Officer Mike Pongon. 

Turner has served in numerous leadership positions, including Point B’s national practice director for project leadership services, chief risk officer, and chief service delivery officer.

“I’m honored to lead such an exceptional group of consultants as they help our customers face an unprecedented volume of change and disruption,” said Turner.

FRISS Expands Leadership Team with Appointment of Jim Murphy as Vice President of Products for North America 

Jim Murphy, CFE, has joined FRISS, an AI-powered fraud and risk analytics provider for the P&C insurance industry, as vice president of products for North America.

Before joining FRISS, Murphy excelled in similar roles at IBM, MetLife, and Genpact.

“Fraud is an industry-wide problem and I’m excited to contribute toward evolving our innovative solutions and strengthening the company’s position as a market leader,” said Murphy.

Murphy joins a growing team of experts who seek to make the insurance industry more honest. FRISS was founded in 2006 and has successfully launched its platform for insurers across 40 countries to date.

Tags: Aberdeen Standard, MUFG Investor Services, People Moves, Rockefeller Capital Management