Sustainable finance technology provider Arabesque Group announced today the appointment of Dr Daniel Klier as its new President, and as CEO of the company’s ESG data platform Arabesque S-Ray.

The company stated that the new appointment forms a key part of Arabesque’s growth strategy, as the it expands its services to meet rapidly increasing demand for sustainability and AI technology solutions in financial markets.

Georg Kell, Chairman of the Arabesque Group, and founding Executive Director of the United Nations Global Compact, said:

“Technology is revolutionising sustainable investment, and democratising finance as a force for good to shape a more prosperous future for our society and the planet.

“I am thrilled to welcome Daniel to Arabesque, and believe that by adding his experience, leadership and vision to the team, we could not be better placed to meet our mission of mainstreaming sustainability across capital markets.”

Arabesque was founded in 2013, and has established itself as a leading provider of technology solutions for sustainable finance, offering ESG investment strategies, data and insights for financial decision-making, and AI investment technology. S-Ray focuses on advisory and data solutions by combining big data and ESG metrics to assess the performance and sustainability of companies worldwide, with offerings ranging from ESG scores, to portfolio screening tools, in depth company analysis and bespoke ESG solutions.

Klier joins Arabesque from leading banking and financial services firm HSBC, where he served as Global Head of Sustainable Finance, and has held several senior sustainable finance industry positions, including serving as chair of the Bank of England Climate Risk working group, the Institute of International Finance Sustainable Finance working group, and the UK Finance Sustainability Committee.

In his new role, Klier will be responsible for leading the firm’s growth strategy, including the expansion of S-Ray’s ESG data, advisory and research services worldwide, bringing to market innovative new tools for capturing, analysing and reporting sustainability data, and for scaling up Arabesque’s global group business.

Klier said:

“Finance is entering one of the most profound decades of change in its history, with sustainability and technology driving transformation of the global marketplace.

“Arabesque is uniquely positioned to lead this major transition, combining cutting-edge AI applications, market-leading data assets and ESG investment propositions.

“I am excited to be joining an incredible team that is supported by a world-class board of sustainability experts, together with some of Europe’s largest financial institutions as shareholders, and look forward to driving Arabesque forward as a pioneer in sustainability.”