UK - ISIS Asset Management has hired Michel Bernard in a bid to dominate GSRI (Global Socially Responsible Investment) solutions provision, Europe.
Bernard was formerly a senior director with investment bank Dresdner Kleinwort Wasserstein. Before joining DrKW, he worked 12 years in London in senior roles at UBS and the Indosuez Group.
Commenting on why decided to ‘cross the fence’, Bernard said: “This is a fascinating time to be taking up this sort of role as Europe currently has no choice but to move to privately funded pension provision. The UK may have something like a 30-year head start on its Continental neighbours but that’s exactly why we’re likely to see new European mandates outnumbering UK contracts over the medium term.”
He added: “Companies can no longer afford to ignore the environmental or human rights issues which may be connected to their businesses. More responsive corporations have already seen the great strides that addressing such issues can bring in terms of their brand perception so this isn’t something that’s going to go away.”
ISIS already provides GSRI consultancy services to several European pension funds, including Dutch fund PGGM. In addition, the firm has a strategic alliance with State Street Global Advisors which provides index-tracking funds with a SRI overlay.
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