NEW ZEALAND - The NZ$10.8bn New Zealand Superannuation Fund has appointed Anne-Maree O'Connor head of responsible investment.
In her new position, O'Connor will play a key role in the development of the New Zealand Superannuation Fund's responsible investing and corporate governance policies. In particular, she will focus on identifying the best strategies for achieving the Fund's objective of implementing and reinforcing its responsible investing mandate.
She will work closely with the Fund's chief executive and Responsible Investing Committee, consisting of three members of the Board of the Guardians of New Zealand Superannuation.
The fund is one of 27 founding signatories of the United Nations Principles for Responsible Investment and has adopted the United Nations Global Compact as a benchmark for corporate behaviour against which companies are monitored. It also has the voting of shares globally coordinated by International Shareholders Services and is strongly focused on working with industry on developing standards in New Zealand for proxy voting.
Prior to joining the fund, O'Connor was the managing director of CoreRatings, a leading European rating agency for independent investment analyses of corporate responsibility risks. She also held various positions in the field of corporate responsibility and governance, including: associate director, SRI at Morley Fund Management, head of SRI Research at Henderson Global Investors and head of Corporate Responsibility Ratings at Det Norske Veritas.
In August, the CEO of the fund, Paul Costello, announced he was leaving the fund to take up the position as general manager of the Australian equivalent, the Future Fund. He has yet to be replaced, although Paul Dyer is currently acting in his place.
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