People Moves: who is hiring who within the industry?
Quadruple CEOs named at impact firm Palladium while OMERS hires a new infrastructure head
An overview of this week's most important hires and departures within the net zero community.
OMERS appoints infrastructure lead
The Ontario Municipal Employees Retirement System (OMERS) has named Michael Hill as executive vice president and global head of infrastructure.
Hill will join OMERS on 5 September and will be based in New York. He will report to chief investment officer Ralph Berg. OMERS Infrastructure manages approximately C$34 billion ($25 billion) in assets.
Formerly, Hill was was the Americas head of sustainable energies at the Canada Pension Plan Investment Board, focused on direct private equity investments across the energy sector. Previously, Hill spent over 25 years in investment banking, working in various roles at Nomura Securities, Deutsche Bank and Morgan Stanley.
Palladium to be led by four chief executives
Impact investing firm Palladium is to be led by no less than four chief executives, acting as equal partners.
Jose Maria Ortiz will be a Palladium executive officer based from London, UK. Previously, he was head of impact investment and carbon offsets at the firm.
Joining Ortiz at the helm is Ricardo Michel in Washington DC, US, Bernadette Howlett in Sydney, Australia, and Sinéad Magill, also to be based in London.
The move by Palladium follows the decision of Christopher Hirst to step down as chief executive after nearly 25 years with the company.
Sébastien Harushimana appointed as EFRAG TEG chair
The European Financial Reporting Advisory Group (EFRAG) board has appointed Sébastien Harushimana as the new EFRAG Financial Reporting Technical Expert Group (EFRAG FR TEG) chair for an initial three-year term with effect from 1 September 2023.
During his term, he will be responsible for leading EFRAG’s financial reporting technical activities. EFRAG’s stated mission is to create high quality financial reporting across the EU.
Harushimana has previously acted as managing director for PwC Belgium, leading corporate reporting services for the capital markets and accounting advisory services of PwC and its IFRS technical team.
Fidelity International names chief sustainability officer
Asset management firm Fidelity International have named Jenn-Hui Tan, previously global head of stewardship and sustainable investing at the firm, to the newly created position of chief sustainability officer.
Tan will have oversight of both Fidelity’s sustainable investing and corporate sustainability teams to ensure consistent governance of Fidelity’s sustainable approach across its corporate operations and client service areas, including investment management, advisory and personal investment platform services, and retirement solutions.
In his capacity as chief sustainability officer, Tan will retain management of the sustainable investing team, with the corporate sustainability team moving to report to him.