Invesco Builds Out ESG Team as ESG AUM Surges Past $50 Billion
Global investment firm Invesco announced today a significant expansion in its global ESG team, with eight new hires, including Alexander Chan as Head of ESG Client Strategy, Asia Pacific, and Sudip Hazra as Director of ESG Research, in addition to the recently announced appointment of Maximilian Kufer as Head of ESG – Private Markets.
Hazra joins Invesco from Kepler Cheuvreux, where he served as Head of Sustainability Research, Chan previously served as co-Director of ESG venture & fund investor The Mills Fabrica, and Kufer Kufer joins from AXA Investment Managers – Alts, where served as Global Sustainability Manager, Real Assets.
Lance DiLorio, Head of Investment Specialized Services for Invesco, said:
“ESG is a commercial imperative for Invesco as we see increasing interest from our clients. We have a clear plan in place to accelerate our progress and expanding the team is just one important piece of the puzzle. I am excited to welcome eight additional members to the Invesco team and know these individuals will continue to help our clients meet their ESG investing goals.”
Additional hires include Senior ESG Analyst Mayde Sykora, ESG Analyst Mark Duffy, Junior ESG Analysts Sophie Conyngham Greene and James Sieyes, and ESG Client Strategies Manager Conor Hartnett.
The new appointments come as Invesco is seeing substantial growth in its ESG assets. In its 2020 ESG Investment Stewardship Annual Report, Invesco reported that it managed $34.5 billion in ESG assets at the end of 2020. According to Invesco, as of June 2021, ESG AUM has grown to $52.7 billion.
Invesco has sharpened its focus on ESG investing and ESG integration over the past several months, with recent commitments to integrate ESG into all investments by 2023, and to net zero investing as part of the Net Zero Asset Managers initiative.
“Invesco has a strong, time-tested ESG track record, with some products exceeding more than 15 years in the market. We work hard to understand our clients’ investment needs, which is central to our ability to deliver differentiated products that meet market demand.”