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Arabesque, a supplier of know-how options for sustainable finance, has recruited funding veterans Herman Bril and Ulrika Hasselgren because the group expands to fulfill rising demand.
Bril, who’s presently CIO of the UN Joint Workers Pension Fund (UNJSPF), will take up the function of CEO of Arabesque Asset Administration in July. Hasselgren, former international head of sustainability and influence funding at Danske Financial institution, joins with speedy impact as group head of Nordics and head of Europe for corporates and sovereigns.
Established in 2013, Arabesque has three built-in companies. Moreover Arabesque Asset Administration there’s Arabesque AI and Arabesque S-Ray, which offers sustainability information, advisory and analysis providers primarily based on a algorithmic method combining massive information and environmental, social and governance metrics.
Georg Kell, chair of the Arabesque Group and founding government director of the United Nations International Compact, stated: “A extra sustainable monetary system is beginning to emerge, with know-how and digitalisation the important thing drivers shaping the way forward for ESG investing.
“I’m thrilled to welcome Herman Bril and Ulrika Hasselgren to Arabesque, with their expertise of efficiently growing and implementing sustainable funding methods at varied monetary establishments.
“As the corporate scales up its services and products worldwide to fulfill market demand, their imaginative and prescient and management will likely be invaluable.”
Bril joined the UNJSPF in 2016. Earlier than that he served as group CFO and managing director at Cardano Threat Administration, and was head of treasury and capital administration at Aegon NV, and head of asset administration and CIO of Syntrus Achmea Asset Administration.
He’s additionally the co-editor, with Kell and Andreas Rasche, of Copenhagen Enterprise Faculty, of a guide launched this yr, ‘Sustainable Investing: A Path to a New Horizon’.
Bril stated: “Know-how and information are enjoying a key function in reshaping sustainable investing, spurring market transformation away from industrial-era ideas in direction of future-fit fashions and new horizons.
“Powered by the market-leading ESG information belongings of S-Ray and the group’s AI know-how, Arabesque can assist drive change by means of its autonomous, sustainable funding merchandise and options.”
Earlier than her function at Danske Financial institution, Hasselgren was international head of RI technique and ESG integration at Institutional Shareholder Providers (ISS) after it acquired Ethix SRI Advisors, the corporate she co-founded in 1999. She has served on the boards of Eurosif, Dansif, and Swesif, and chaired the LuxFlag ESG label eligibility committee.
“I’m excited to be becoming a member of Arabesque’s fast-growing group with its collaborative and entrepreneurial tradition, and I look ahead to bringing revolutionary new information, insights and funding merchandise to the Nordic market,” she stated.
The information of Bril’s and Hasselgren’s rent comes after Arabesque final month introduced Daniel Klier, former HSBC group common supervisor and international head of sustainable finance, as the brand new CEO of Arabesque S-Ray and group president. One in every of Arabesque S-Ray’s instruments is one thing referred to as the Temperature Score, which interprets publicly reported greenhouse fuel emissions from every firm to a Celsius diploma temperature and identifies firms which have incomplete emissions reporting.
DWS, Allianz X, Commerz Actual and the federal state of Hessen have a minority stake in S-Ray.
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